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the first picture has everything that needs to be found on the balance sheet the first picture has everything that need to be found on
the first picture has everything that needs to be found on the balance sheet
the first picture has everything that need to be found on the balance sheet
Using the answer sheet, provide the following metrics: working capital inventory turnover receivables turnover payables turnover cash cycle assets turnover ROA average income tax rate* days' sales in inventory days' sales in receivables days' cost in payables average tax rate capital intensity ratio ROE *These metrics have not been asked before because most require information from both the balance sheet and the income statement. The working capital amount requires information only from the balance sheet but cannot be prepared from a common size balance sheet. The average tax rate was not asked before due to the oddities of the Benchmarks files. current year last year Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Other current assets Total current assets $569,685 152,682 3,313,747 12.729 4.048,843 $386,003 125,488 3,218,387 8,084 3.737.962 Long term assets Property, Plant and Equipment (net) Natural resources at cost less depletion Investments Deferred income taxes Other long term assets Total long term assets 71,558 782,196 112.774 966,528 79,441 825,232 114.915 1.019.588 Total assets $5.015,371 $4.757550 Liabilities Current liabilities Accounts payable Accrued liabilities Total current liabilities 183,770 513 414 697.184 172,716 409,882 582.598 Long term notes payable Other long term liabilities Total long term liabilities 2,925,536 1.817 2.927 353 2,576,525 2517 2.579.042 Total liabilities $3,624,537 $3,161,640 Stockholders' equity Common stock Additional paid-in capital Other equity inc treasury stock Retained earnings Total stockholders' equity 115,548 682,871 (874,298) 1466.713 1.390.834 115,387 668,657 (579,390) 1.391.256 1.595.910 Total liabilities and stockholders' equity $5.015,371 $4.757550 2361_OK_Homebuilders thousands Retained earnings statement Retained earnings, 1/1 Add net income Less dividends paid Retained earnings 12/31 $1,391,256 84,643 9.186 $1.466.713 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin General and administrative expenses Depreciation (not inventoried) Operating income Interest income Other income (loss) Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income thousands $3,032,030 2.539,368 492,662 343,298 3,411 145,953 458 2.488 148,899 21,856 127,043 42,400 $84.643 Step by Step Solution
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