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You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in millions): 2013
You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in millions): 2013 2014 2015 Statement of financial position $807 $625 $785 Accounts receivable 770 933 1,006 Inventory 1,896 1,513 1,962 Total current assets 5,194 6,357 6,800 Total assets 1,227 1,725 1,179 Current liabilities 3,518 2,888 3,172 Total liabilities Income statement $10,658 $9,223 $7,298 Net sales 5,136 6,518 7,688 Cost of goods sold 34 69 73 Interest expense 186 225 237 Income tax expense 482 534 613 Net income (a) Calculate each of the following ratios for 2015 and 2014. (Round answers to 1 decimal place, e.g. 17.5% or 6.5: 1 or $2.6. If answer can not be derived then leave the field blank.) 2014 2015 1 1 1. Current ratio times times 2. Receivables turnover times times 3. Inventory turnover % % 4. Debt to total assets times times 5. Times interest earned
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