Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are to calculate the following ratios for Sysco Corporation using their 2019 figures: 1. Times interest earned 2. Profit margin 3. Return on asset
You are to calculate the following ratios for Sysco Corporation using their 2019 figures:
1. Times interest earned
2. Profit margin
3. Return on asset
4. Return on equity
Sysco Corporation and its Consolidated Subsidiaries CONSOLIDATED BALANCE SHEETS (In thousands, except for share data) June 29, 2019 June 30, 2018 $ 513,460 $ 4,181,696 3,216,034 210,582 19,733 8,141,505 4,501,705 552,325 4,073,723 3,125,413 187,880 64,112 8,003,453 4,521,660 3,955,485 979,812 83,666 3,896,226 857,301 80,760 489,025 5,323,312 17,966,522 $ 526,328 5,545,291 18,070,404 $ ASSETS Current assets Cash and cash equivalents Accounts and notes receivable, less allowances of $28,176 and $25,768 Inventories Prepaid expenses and other current assets Income tax receivable Total current assets Plant and equipment at cost, less accumulated depreciation Other long-term assets - Goodwill Intangibles, less amortization Deferred income taxes Other assets Total other long-term assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Notes payable Accounts payable Accrued expenses Accrued income taxes Current maturities of long-term debt Total current liabilities Long-term liabilities Long-term debt Deferred income taxes Other long-term liabilities Total long-term liabilities Commitments and contingencies Noncontrolling interest Shareholders' equity Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares Paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock at cost, 252,297,926 and 244,533,248 shares Total shareholders' equity Total liabilities and shareholders' equity 3,957 $ 4,314,620 1,729,941 17,343 37,322 6,103,183 4,176 4,136,482 1,608,966 56,793 782,329 6,588,746 8,122,058 172,232 1,031,020 9,325,310 7,540,765 319,124 1,077,163 8,937,052 35,426 37,649 765,175 1,457,419 11,229,679 (1,599,729) (9,349,941) 2,502,603 17,966,522 $ 765,175 1,383,619 10,348,628 (1,409,269) (8,581,196) 2,506,957 18,070,404 $ Sysco Corporation and its Consolidated Subsidiaries CONSOLIDATED RESULTS OF OPERATIONS (In thousands, except for share and per share data) Sysco Corporation and its Consolidated Subsidiaries CONSOLIDATED RESULTS OF OPERATIONS (In thousands, except for share and per share data) Sales $ Cost of sales Gross profit Operating expenses Operating income Interest expense Other (income) expense, net Earnings before income taxes Income taxes Net earnings Year Ended Jun. 29, 2019 Jun. 30, 2018 Jul. 1, 2017 (In thousands except for share and per share data) 60,113,922 $ 58,727,324 $ 55,371,139 48,704,935 47,641,933 44,813,632 11,408,987 11,085,391 10,557,507 9,078,837 8,771,335 8,502,891 2,330,150 2,314,056 2,054,616 360,423 395,483 302,878 (36,109) (37,651) (14,492) 2,005,836 1,956,224 1,766,230 331,565 525,458 623,727 1,674,271 $ 1,430,766 $ 1,142,503 $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started