Income statement net sales $51,407.00 cost of products sold $25,076.00 gross profit $26,331.00 marketing, research, administrative exp $15,746.00 Depreciation $758.00 operating income(loss) $9,827.00 Interest expense $477.00 Earnings (loss)before income taxes $9,350.00 Income taxes $2,869.00 Net earnings(loss) $6,481.00 Balance Sheet Assets: Liablilites and Equity: cash and marketable securities $5,469.00 accounts payable $3,617.00 investment securities $423.00 accrued and other liablilties $7,689.00 accounts receivable $4,062.00 taxes payable $2,554.00 inventory $4,400.00 debt due within one year $8,287.00 deffered income taxes $958.00 total current liabilite $22,147.00 prepaid expense and other receivables $1,803.00 long term debt $12,554.00 total current assets $17,115.00 deferrred income taxes $2,261.00 Property,plant and equipment, at cost $25,304.00 other noncurrent libalilites $2,808.00 Less: acumulated depreciation $11,196.00 total liablilites $39,770.00 net property, plant and euipment $14,108.00 convertible class A preferred stock $1,526.00 net good will and other intangible asset $23,900.00 common stock $2,141.00 other non current assts $1,925.00 raised earnings $13,611.00 total assets $57,048.00 total stockholders' equity $17,278.00 total liabilites and equity $57,048.00 Calculate : Ratio Industry Average current ratio 2.05 quick ratio 0.78 gross margin 23.90% net profit margin 12.30% debt ratio 0.23 long term debt to equity 0.98 interest coverage 5.62 ROA 5.30% ROE 18.80%

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

See similar textbooks

Related questions

Question

Income statement

net sales	$51,407.00
cost of products sold	$25,076.00
gross profit	$26,331.00
marketing, research, administrative exp	$15,746.00
Depreciation	$758.00
operating income(loss)	$9,827.00
Interest expense	$477.00
Earnings (loss)before income taxes	$9,350.00
Income taxes	$2,869.00
Net earnings(loss)	$6,481.00


Balance Sheet

Assets:		Liablilites and Equity:
cash and marketable securities	$5,469.00	accounts payable	$3,617.00
investment securities	$423.00	accrued and other liablilties	$7,689.00
accounts receivable	$4,062.00	taxes payable	$2,554.00
inventory	$4,400.00	debt due within one year	$8,287.00
deffered income taxes	$958.00	total current liabilite	$22,147.00
prepaid expense and other receivables	$1,803.00	long term debt	$12,554.00
total current assets	$17,115.00	deferrred income taxes	$2,261.00
Property,plant and equipment, at cost	$25,304.00	other noncurrent libalilites	$2,808.00
Less: acumulated depreciation	$11,196.00	total liablilites	$39,770.00
net property, plant and euipment	$14,108.00	convertible class A preferred stock	$1,526.00
net good will and other intangible asset	$23,900.00	common stock	$2,141.00
other non current assts	$1,925.00	raised earnings	$13,611.00
total assets	$57,048.00	total stockholders' equity	$17,278.00
		total liabilites and equity	$57,048.00

Calculate :

Ratio	Industry Average
current ratio	2.05
quick ratio	0.78
gross margin	23.90%
net profit margin	12.30%
debt ratio	0.23
long term debt to equity	0.98
interest coverage	5.62
ROA	5.30%
ROE	18.80%

Expert Solution

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions