Homework Answers
Answer : 0.49 Suggesting sw inc is less profitable with their asset than the industry.(industry average is 0.55)
Explanation
Return on Asset = Net Income / Average Asset
Average Asset = 3600+3528 / 2 = 3564
= 1738 / 3564
Return on Asset = 0.49
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Consolidated SW Inc. Financials Income Statement Balance Sheet 2016 2017 2016 2017 15,840 14,127 72 73...
Consolidated SW Inc. Financials Balance Sheet Income Statement 2016 2017 2016 2017 14,400 16,481 280 283...
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Refer to the January 29, 2016, income statement and balance sheet of Lowe's Companies Inc. below. LOWE'S COMPANIES INC. Income Statement (In millions) For Fiscal Year Ended January 29, 2016 Net sales.............................................. Cost of sales.................................. ... Gross margin ....................................... Selling, general and administrative Depreciation.. tion......................................... Interest-net........................................ Total expenses... Pretax earnings Income tax provision ... Net earnings $59,074 38,504 20,570 14,115 1,484 552 16.151 4,419 1,873 $ 2,546 Required: Compute the following liquidity, solvency, and coverage ratios for Lowe's Companies. Interpret...
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