With the information from four sections below:

What is the conclusion and recommendations?

What are some of the conclusions reached?

What are the highlights?

What recommendations would you make to the management of the company?

What recommendations would you make to shareholders in the company?

Section 2. Ratio Analysis: Calculating the Ratios

Liquidity Ratios

Current Ratio

Current Ratio = Current Assets/Current Liabilities

= $133,667 million/$140,291 million

= 0.95

Quick Ratio

Quick Ratio = (Current Assets Inventory)/Current Liabilities

= ($133,667 million - $38,153 million)/$140,291 million

= $95,514/ $140,291 million

= 0.68

Efficiency Ratios

Inventory Turnover

Inventory Turnover = Cost of Goods Sold/Inventory

= $132,923 million/$38,153 million

= 3.48

Days Sales in Inventory

Days Sales in Inventory = 365 days/Inventory Turnover

= 365 days/3.48

= 104.89

Accounts Receivables Turnover

Accounts receivables turnover = Net Sales/ Accounts Receivable

= $237,678 million/$34,804 million

= 6.83

Days Sales Outstanding

Days Sales Outstanding = 365 days/Accounts Receivables Turnover

= 365 days/6.83

= 53.44

Total Asset Turnover

Total Asset Turnover = Net Sales/Total Assets

= $237,678 million/$419,728 million

= 0.57

Fixed Asset Turnover

Fixed Asset Turnover = Net Sales/Net Fixed Assets

= $237,678 million/$173,706 million

= 1.37

Leverage Ratios

Total Debt Ratio

Total Debt Ratio = Total Debt/Total Assets

= $288.33 billion/$419.728 billion

= $0.69

Debt-to-Equity Ratio

Debt-to-Equity Ratio = Total Debt/Total Equity

= $288.33 billion/$131.402 billion

= $2.19

Equity Multiplier

Equity Multiplier = Total Assets/Total Equity

= $419.728 billion/$131.402 billion

= $3.19

Times Interest Earned

Times Interest Earned = EBIT/Interest Expense

= $3.317 billion/$2.031 billion

= $1.63

Cash Coverage

Cash Coverage = EBITDA/Interest Expense

= $52.620 billion/$2.031 billion

= $25.91

Profitability Ratios

Gross Profit Margin

Gross Profit Margin = (Net Sales Cost of Goods Sold)/Net Sales

= ($121.2 billion - $66.424 billion)/$121.2 billion

= 45.2%

Operating Profit Margin

Operating Profit Margin = EBIT/Net Sales

= $3.317 billion/$121.23 billion

= 2.74%

Net Profit Margin

Net Profit Margin = Net Income (Revenue Cost of Goods Sold)/Net Sales

= $-2.03 billion (loss)/$121.23 billion

= -1.67%

EBIT Return on Assets

EBIT Return on Assets = EBIT/Total Assets

= $3.317 billion /$419.728 billion

= 0.79%

Return on Assets (ROA)

Return on Assets = Net Income/Total Assets

= $-2.03 billion (loss)/$419.728 billion

= -0.48%

Return on Equity (ROE)

Return on Equity = Net Income/Total Equity

= $-2.03 billion (loss)//$131.402 billion

= -0.02

Section 3. Income Statement Analysis:

Section 4. Balance Sheet Analysis:

Section 5. Cash Flow Analysis:

Non-Current Assets Non-Current Assets