Assume the following data for Cable Corporation and Multi-Media Inc. Cable ...
Assume the following data for Cable Corporation and Multi-Media
Inc.
Cable
Corporation
Multi-Media Inc.
Net income $ 35,800
$ 128,000
Sales 346,000
2,700,000
Total assets 449,000
929,000
Total debt 201,000
523,000
Stockholders' equity 248,000 406,000
a-1. Compute return on stockholders’ equity for both firms
a-2. Which firm has the higher return
b. Compute the following additional ratios for both firms
net income sales (%)
net income/total assets (%)
sales/total assets (times)
debt/total assets (%)
Homework Answers
a-1]
ROE = net income / stockholders equity
Cable Corp = 35,800 / 248,000 = 14.44%
MultiMedia = 128,000 / 406,000 = 31.53%
a-2]
MultiMedia has the higher return
b]
net income / sales
Cable Corp = 35,800 / 346,000 = 10.35%
MultiMedia = 128,000 / 2,700,000 = 4.74%
net income /total assets
Cable Corp = 35,800 / 449,000 = 7.97%
MultiMedia = 128,000 / 929,000 = 13.78%
sales /total assets
Cable Corp = 346,000 / 449,000 = 0.77 times
MultiMedia = 2,700,000 / 929,000 = 2.91 times
debt /total assets
Cable Corp = 201,000 / 449,000 = 44.77%
MultiMedia = 523,000 / 929,000 = 56.30%
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