ME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10 Cost of Revenue 224.40 Depreciation 1.50 SG&A 167.80 Other Operating Expenses 5.60 Operating Income 88.80 Net Interest Expenses 2.30 Pretax Income 86.50 Income Tax 16.50 Net Income 70.000 2021 MARKET DATA Market Price $193.42 Shares Outstanding (M) 13.7 Tax Rate 18.80% Based on SME’s financial statements, what is its inventory turnover ratio? [Calculate to 2 decimal points XX.XX] This is the complete question. its not incomplete
|
ME Balance Sheet |
2021 |
2020 |
|
Assets (in millions) |
||
|
Cash |
85.960 |
56.460 |
|
Receivables |
89.560 |
80.670 |
|
Inventories |
55.750 |
41.260 |
|
Other Current Assets |
9.950 |
6.760 |
|
Total Current Assets |
241.220 |
185.150 |
|
Net Property, Plant, and Equipment |
78.970 |
68.930 |
|
Goodwill and Other Intangible Assets |
103.110 |
104.360 |
|
Other Non-Current Assets |
6.900 |
4.200 |
|
Total Assets |
430.200 |
362.640 |
|
|
||
|
Total Liabilities and Shareholders' Equity |
||
|
Payables |
83.240 |
57.48 |
|
Current Debt |
2.700 |
2.64 |
|
Total Current Liabilities |
85.940 |
60.120 |
|
Long-Term Debt |
122.000 |
119.62 |
|
Other Liabilities |
21.880 |
22.58 |
|
Total Liabilities |
229.820 |
202.320 |
|
Common Stock |
200.380 |
160.32 |
|
Total Equity |
200.38 |
160.32 |
|
Total Liabilities and Equity |
430.200 |
362.640 |
|
INCOME STATEMENT |
2021 |
|
Total Revenue (M) |
488.10 |
|
Cost of Revenue |
224.40 |
|
|
1.50 |
|
SG&A |
167.80 |
|
Other Operating Expenses |
5.60 |
|
Operating Income |
88.80 |
|
Net Interest Expenses |
2.30 |
|
Pretax Income |
86.50 |
|
Income Tax |
16.50 |
|
Net Income |
70.000 |
|
2021 MARKET |
DATA |
|
Market Price |
$193.42 |
|
Shares Outstanding (M) |
13.7 |
|
Tax Rate |
18.80% |
Based on SME’s financial statements, what is its inventory turnover ratio? [Calculate to 2 decimal points XX.XX]
This is the complete question. its not incomplete
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