Question
The condensed income statement of Nestle Cereal Company is as follows: NESTLE CEREAL COMPANY Income Statements for the years Ended December 31 2020 2019 $
The condensed income statement of Nestle Cereal Company is as follows:
NESTLE CEREAL COMPANY | ||
Income Statements for the years Ended December 31 | ||
| 2020 | 2019 |
| $ | $ |
Revenue | 11,776 | 10,907 |
Cost of sales | 6,597 | 6,082 |
Gross profit | 5,179 | 4,825 |
Selling and Administrative Expenses | 3,311 | 3,059 |
PBIT | 1,868 | 1,766 |
Interest Expense | 321 | 294 |
PBT | 1,547 | 1,472 |
Income Tax | 444 | 468 |
Net Profit | 1,103 | 1,004 |
Other Information | ||
Number of Ordinary Shares | 418 | 418 |
Stock price at year end | $52.92 | $50.06 |
Calculate the following ratios for the year 2020
Times Interest Earned 6.04.85.83.4
Earning per Share $3.70 per share$4.47 per share$2.40 per share$2.63 per share
Price Earnings Ratio 14.3020.1022.0511.84
Dividend Yield 4.54%4.97%8.44%6.99%
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