Hello, I have the following: Consolidated Balance Sheet Dec 31, 2017, 2016 2015 (in millions) 2017 2016 2015 Current Assets $734 $ 959 $ 813 Other Assets $2,421 $ 1,928 $ 1727 Total Assets $3,155 $2,887 $ 2,540 Current Liab. $585 $ 838 $ 731 Long Term Liab. $ 1,555 $ 1,015 $ 883 Stockhldrs Equity $ 1,015 $1,034 $ 926 Total Liab & S.E. $3,155 $2,887 $2,540 Selected Income Statement ending Dec 31, 2017 and 2016. in millions. 2017 2016 Income Statement Data: Sales $3,058 $2,921 Operating Income $ 304 $ 318 Interest Expense $ 92 $ 73 Net income $ 215 $ 210 Other Data: Avg # of comm. shares outstd. 42.1 47.5 Total Dividends paid $ 58.0 $53.1 Questions are: 1. Calculate the dividend yield based on the market price in question 3. Market price is $66.39 per share in question 3. 2. Assume that accounts receivable at 12/31/17, totaled $317 million. Calculate the number of day's sales in receivables at that date. (Use 365 days a year, do not round immediate calculations.) 3. Calculate the debt/equity ratio at 12/31/17 and 12/31/18. thanks
Hello, I have the following:
Consolidated Balance Sheet Dec 31, 2017, 2016 2015 (in millions)
2017 2016 2015
Current Assets $734 $ 959 $ 813
Other Assets $2,421 $ 1,928 $ 1727
Total Assets $3,155 $2,887 $ 2,540
Current Liab. $585 $ 838 $ 731
Long Term Liab. $ 1,555 $ 1,015 $ 883
Stockhldrs Equity $ 1,015 $1,034 $ 926
Total Liab & S.E. $3,155 $2,887 $2,540
Selected Income Statement ending Dec 31, 2017 and 2016. in millions.
2017 2016
Income Statement Data:
Sales $3,058 $2,921
Operating Income $ 304 $ 318
Interest Expense $ 92 $ 73
Net income $ 215 $ 210
Other Data:
Avg # of comm. shares outstd. 42.1 47.5
Total Dividends paid $ 58.0 $53.1
Questions are:
1. Calculate the dividend yield based on the market price in question 3. Market price is $66.39 per share in question 3.
2. Assume that
3. Calculate the debt/equity ratio at 12/31/17 and 12/31/18.
thanks
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