BROWN FORMAN CORPORATION CONSOLIDATED BALANCE SHEETS (Dollars in millions) 2017 % 2018 % Assets Cash &...

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BROWN FORMAN CORPORATION CONSOLIDATED BALANCE SHEETS (Dollars in millions) 2017 % 2018 % Assets Cash &...

BROWN FORMAN CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
	2017	%	2018	%
Assets
Cash & Cash equivalents	182	3.94%	239	4.80%
Accounts receivable, net	557	12.04%	639	12.84%
Inventories	1,270	27.46%	1,379	27.71%
Other Current Assets	342	7.39%	298	5.99%
Total Current Assets	2,351	50.83%	2,555	51.35%
Property, plant and eqeuipment	713	15.42%	780	15.68%
Goodwill	753	16.28%	763	15.33%
Other intangible assets	641	13.86%	670	13.46%
Deferred tax assets	16	0.35%	16	0.32%
Other Assets	151	3.26%	192	3.86%
Total Assets	4,625	100%	4,976	100%

Liabilities
Accounts payable and accrued expenses	501	10.83%	581	11.68%
Income taxes	9	0.19%	25	0.50%
Income borrowings	211	4.56%	215	4.32%
Current portion of long-term debt	249	5.38%	-	0.00%
Total current liabilities	970	20.97%	821	16.50%
Long-term debt	1,689	36.52%	2,341	47.05%
Deferred tax liabilities	152	3.29%	85	1.71%
Accrued pension and other postreitrement benefits	314	6.79%	191	3.84%
Other liabilities	130	2.81%	222	4.46%
Total Liabilities	3,255	70.38%	3,660	73.55%

Stockholders' Equity
Common Stock
Class A, voting, $0.15 par value (170,000,000 shares authorized)	25	0.54%	25	0.50%
Class B, nonvoting, $0.15 par value (400,000,000 shares authorized)	43	0.93%	47	0.94%
Additional paid-in capital	65	1.41%	4	0.08%
Retained earnings	4,470	96.65%	1,730	34.77%
Accumulated other comprehensive income (loss), net of tax	(390)	-8.43%	(378)	-7.60%
Treasury stock, at cost (88,175,000 and 3,531,000 shares in 2017 and 2018, respectively	(2843)	-61.47%	(112)	-2.25%
Total stockholders' equity	1,370	29.62%	1,316	26.45%
Total liabilities and stockholders' equity	4,625	100.00%	4,976	100.00%

Please compute the following ratios:

Current Ratio

Quick Ratio

Return on Equity (ROE)

Debt - Equity

Payout Ratio

Price/Earnings (P/E)

business accounting

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Answer 1

Answer #1

			2017	2018
1	Current Ratio	Current Assets / Current Liabilities	2.42	3.11
2	Quick Ratio	(Cash + Marketable Securities + Receivables)/Current Liabilities Current Liabilities	11.17	1.07
3	Return on equity ratio	Net income/ shareholder's Equity	-28%	-29%
4	Debt Equity Ratio	Total Liabities/shareholder's Equity	2.38	2.78
5	Payout Ratio	Dividend paid/ Net income. No Dividend paid and the company is making loss, Hence the payout ratio is nil	-	-
6	P/E Ratio	Price per Share/ earning Per share	7.29	0.30

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Answer 2

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