The financial information in Figures 6-7 through 6-10 was extracted from Granite Construction Incorporateds 2003 annual (10-K) report filed with the Securities and Exchange Commission. Using the financial ratios and the typical ratios for a heavy /highway contractor from this chapter, analyze the financial health of the Granite Construction.

CSecure httpsbrdu.ncdaked pid, 3637276-dt-content-rd 24034723-6/courses/181 NDSU 15820/CME%207405620Exam%201 fal 202017.pdf GRANITE CONSTRUCTION INCORPORATED CONSOLIDATED BALANCE SHEETS Accounts rocelvable, net Costs and estimated eanings in excess of bilings Equity in construction joint ventures CONSOLIDATED STATEMENTS OF INCOME $983,819 LIABILITIES AND STOCKHOLDERS EQUITY Consthuction Curment maturities of long-erm deb Blings in exceos of costs and eetimated earmings Accrued expenses and other curvent labliries cost of revenue General and administrative eopenses Operating income 24.938 Other income (expen Minority interest in consolidated subsidiaries Gain on sales of property and equipmant Equhy in income of attlaes Additional paid-in capita Income belore provision for income taxes and minority interest Provisson for income Saxea Accumulabed other comprehensive income oss Income befone mino ty interest Mnority Interest in consolidated subsidaries 5 963,819 FIGURE 6-7 Income Statement for Granite Construction, Inc. FIGURE 6-8 alance Sheet for Granite lype here to search 0/18:2017 CSecure httpsbrdu.ncdaked pid, 3637276-dt-content-rd 24034723-6/courses/181 NDSU 15820/CME%207405620Exam%201 fal 202017.pdf GRANITE CONSTRUCTION INCORPORATED CONSOLIDATED BALANCE SHEETS Accounts rocelvable, net Costs and estimated eanings in excess of bilings Equity in construction joint ventures CONSOLIDATED STATEMENTS OF INCOME $983,819 LIABILITIES AND STOCKHOLDERS EQUITY Consthuction Curment maturities of long-erm deb Blings in exceos of costs and eetimated earmings Accrued expenses and other curvent labliries cost of revenue General and administrative eopenses Operating income 24.938 Other income (expen Minority interest in consolidated subsidiaries Gain on sales of property and equipmant Equhy in income of attlaes Additional paid-in capita Income belore provision for income taxes and minority interest Provisson for income Saxea Accumulabed other comprehensive income oss Income befone mino ty interest Mnority Interest in consolidated subsidaries 5 963,819 FIGURE 6-7 Income Statement for Granite Construction, Inc. FIGURE 6-8 alance Sheet for Granite lype here to search 0/18:2017