SME 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
SME 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 |
|
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 current ratio? [Calculate to 2 decimal points XX.XX]
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