Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

using the income statement and balance sheet in picture 1 how would i solve the answers in the 2nd picture. im completly lost. INCOME STATEMENT

using the income statement and balance sheet in picture 1 how would i solve the answers in the 2nd picture. im completly lost. image text in transcribed
image text in transcribed
INCOME STATEMENT (in millions of dollars) Net sales Cost of goods sold Other expenses Depreciation 12,800 3,860 4,127 2,398 Earnings before interest and taxes (EBIT) Interest expense 2,415 665 Income before tax Taxes (at 30%) 1,750 525 Net income Dividends 1,225 836 Start of Year BALANCE SHEET (in millions of dollars) End of Year Assets Cash and marketable securities 85 Receivables 2,182 Inventories 167 Other current assets 847 154 2,410 218 912 Total current assets Net property, plant, and equipment Other long-term assets 3,281 19,933 4,176 3,694 19,875 3,730 27,390 27,299 Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities 2,524 1,399 791 3,000 1,553 767 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity 4,714 8,014 6,138 8,524 5,820 7,549 6,109 8,321 Total liabilities and shareholders' equity 27,390 27.299 Long-term debt and leases Other long-term liabilities Shareholders' equity 8,014 6,138 8,524 74519 6,109 8,321 Total liabilities and shareholders' equity 27,390 27,299 First Three Letters A. Calculate the following financial ratios: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimals for fractions and 2 decimals for percentages.) Long-term debt ratio Total debt ratio ] 2] 3] Times interest earned Cash coverage ratio [4] Quick ratio [51 Operating profit margin [6] Inventory turnover [7] TE Days in inventory [8] Average collection period (9) Return on equity" (10) Return on assets [11] - use averape equity INCOME STATEMENT (in millions of dollars) Net sales Cost of goods sold Other expenses Depreciation 12,800 3,860 4,127 2,398 Earnings before interest and taxes (EBIT) Interest expense 2,415 665 Income before tax Taxes (at 30%) 1,750 525 Net income Dividends 1,225 836 Start of Year BALANCE SHEET (in millions of dollars) End of Year Assets Cash and marketable securities 85 Receivables 2,182 Inventories 167 Other current assets 847 154 2,410 218 912 Total current assets Net property, plant, and equipment Other long-term assets 3,281 19,933 4,176 3,694 19,875 3,730 27,390 27,299 Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities 2,524 1,399 791 3,000 1,553 767 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity 4,714 8,014 6,138 8,524 5,820 7,549 6,109 8,321 Total liabilities and shareholders' equity 27,390 27.299 Long-term debt and leases Other long-term liabilities Shareholders' equity 8,014 6,138 8,524 74519 6,109 8,321 Total liabilities and shareholders' equity 27,390 27,299 First Three Letters A. Calculate the following financial ratios: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimals for fractions and 2 decimals for percentages.) Long-term debt ratio Total debt ratio ] 2] 3] Times interest earned Cash coverage ratio [4] Quick ratio [51 Operating profit margin [6] Inventory turnover [7] TE Days in inventory [8] Average collection period (9) Return on equity" (10) Return on assets [11] - use averape equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

College Physics

Authors: Raymond A. Serway, Jerry S. Faughn, Chris Vuille, Charles A. Bennett

7th Edition

978-0495113690

Students also viewed these Finance questions

Question

HOW DO I CALCULATE THE CURRENT - QUICK RATION ON EXCEL

Answered: 1 week ago