Balance Sheet (Millions of $) Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of $) 2018 Net sales $84,000 Operating costs except depreciation 78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT) $4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $47.52 whats is the operating margin =
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Balance Sheet (Millions of $) |
|
|
|
|
Assets |
|
2018 |
|
|
Cash and securities |
|
$3,000 |
|
|
Accounts receivable |
|
15,000 |
|
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Inventories |
|
18,000 |
|
|
Total current assets |
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$36,000 |
|
|
Net plant and equipment |
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$24,000 |
|
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Total assets |
|
$60,000 |
|
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Liabilities and Equity |
|
|
|
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Accounts payable |
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$18,630 |
|
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Accruals |
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8,370 |
|
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Notes payable |
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6,000 |
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Total current liabilities |
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$33,000 |
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|
|
|
|
|
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Long-term bonds |
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$9,000 |
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Total liabilities |
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$42,000 |
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Common stock |
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$5,040 |
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|
|
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12,960 |
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Total common equity |
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$18,000 |
|
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Total liabilities and equity |
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$60,000 |
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|
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Income Statement (Millions of $) |
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2018 |
|
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Net sales |
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$84,000 |
|
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Operating costs except |
78,120 |
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Depreciation |
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1,680 |
|
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Earnings before interest and taxes (EBIT) |
$4,200 |
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Less interest |
|
900 |
|
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Earnings before taxes (EBT) |
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$3,300 |
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Taxes |
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1,320 |
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Net income |
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$1,980 |
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Other data: |
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Shares outstanding (millions) |
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500.00 |
|
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Common dividends (millions of $) |
|
$693.00 |
|
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Int rate on notes payable & L-T bonds |
6% |
||
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Federal plus state income tax rate |
40% |
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Year-end stock price |
|
$47.52 |
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whats is the operating margin =
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