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Magna International Inc. is a leading global supplier of technologically advanced automotive components, systems, and modules. Selected financial information (dollars in US millions) follows:
Magna International Inc. is a leading global supplier of technologically advanced automotive components, systems, and modules. Selected financial information (in US$ millions) follows: 2017 2016 2015 Sales $38,946 $36,445 $32,134 Cost of goods sold 33,258 31,123 27,559 Profit 2,206 2,031 2,013 Current assets 11,220 10,163 11,144 Current liabilities 9,169 8,695 7,276 (a) Calculate the gross profit margin, profit margin, and current ratio for each year. (Round Gross profit margin to 1 decimal place, e.g. 52.7% and all other answers to...
Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): net sales of $2,415 in 2015, $2,360 in 2014, and $2,184 in 2013. The company also reported net income of $237 in 2015, $360 in 2014, and $320 in 2013. Assets at the end of 2015 were $2,911; at the end of 2014, $2,593; and at the end of 2013, $2,044. Calculate Gildan's asset turnover, profit margin, and return on assets for 2015 and...
Formulating Financial Statements from Raw Data Following is selected financial information from Cisco Systems, Inc., for its fiscal year ended July 30, 2008 ($ millions). $ 5.191 Cash, ending year 12,089 Cash from operating activities 39,540 Sales 34,402 Stockholders' equity. 14.056 Cost of goods sold Cash from financing activities (6,433) 24,332 Total liabilities 17,432 Total expense (other than cost of goods sold) 53,543 Noncash assets (4,193) Cash from investing activities 8,052 Net income 3,728 Cash, beginning year (a) Prepare the...
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as follows: Beginning merchandise inventory on January 1 was $33,900. Ending merchandise inventory on December 31 was $35,400. Purchases during the year were $92,000. Selling and administrative expenses were $76,000. Sales for year were $262,400. What was operating income for the year? O A. $92,900 OB. $95,900 OC. $90,500 OD. $94,400
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $ 33 comma 100$33,100. Ending merchandise inventory on December 31 was $ 35 comma 100$35,100. Purchases during the year were $ 92 comma 400$92,400. Selling and administrative expenses were $ 75 comma 900$75,900. Sales for year were $ 262 comma 200$262,200. What was the cost of goods sold? A. $ 90 comma 400$90,400 B. $ 93 comma 900$93,900 C....
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $33,900. Ending merchandise inventory on December 31 was $35,800. Purchases during the year were $92,400. Selling and administrative expenses were $75,300. Sales for year were $262,500. What was cost of goods sold? O A. $94,300 B. $90,500 C. $94,800 D. $162,100 Click to select your answer.
Porches, Inc., sells lawn furniture. Selected financial information for the most recent year follows. Beginning merchandise inventory on January 1 was $33,000. Ending merchandise inventory on December 31 was $35,000. Purchases during the year were $92,000. Selling and administrative expenses were $75,000. Sales for year were $262,000. What was gross profit?