Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following Income Statement and Balance Sheet Information for 2 0 1 8 to answer the question below. This is a Retail Company. All

Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions. Income Statement Total Sales207.6 Cost of Sales157.8 Gross Profit207.6-157.8 Selling and Administrative Expenses15.5 Research and Development 8.9 Depreciation and Amortization2.5 Other Income4.9 EBIT, Operating Profit207.6-157.8-15.5-8.9-2.5+4.9 Interest Expense6.4 Pretax Income207.6-157.8-15.5-8.9-2.5+4.9-6.4 Taxes(207.6-157.8-15.5-8.9-2.5+4.9-6.4)*0.30 Net Income(207.6-157.8-15.5-8.9-2.5+4.9-6.4)*0.70 Balance Sheet Assets Liabilities Cash67.9Accounts Payable45.0Accounts Receivable44.8Notes Payable/Short term debt1.5Inventories7.8 Total Current Assets67.9+44.8+7.8Total Current Liabilities45.0+1.5 Net property, plant and equipment101.1Long-term debt83.7Total long-term assets101.1Total long-term debt liabilities83.7 Total Liabilities45.0+1.5+83.7 Stockholders' Equity (Total Equity)67.9+44.8+7.8+101.1-45.0-1.5-83.7Total Assets67.9+44.8+7.8+101.1Total Liabilities and Stockholders' Equity45.0+1.5+83.7+67.9+44.8+7.8+101.1-45.0-1.5-83.7What was the company's Operating Margin in 2018?NOTE: Answer in decimals. (Use the numbers as is). Use four decimals for your answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries

Authors: Susanne Chishti, Thomas Puschmann

1st Edition

1119362156, 978-1119362159

More Books

Students also viewed these Finance questions

Question

c. What personal behavior is acceptable and nonacceptable?

Answered: 1 week ago