Homework Answers
30. Operating working capital = Current assets - Current liabilities (excluding restructuring reserve) = 50 -(12+6) = 32
31. Invested capital = Stock holders equity = 110
32. Total funds invested= Stockholders equity + Long term debt =110+ 70 = 190
33. NOPLAT = Operating profit - Tax on operating profit = 50 - 50*30% = 35
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Given the following financial statements, calculate: Income statement Year Balance sheet Year Revenues Cost of sales...
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and...
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax expense and equity in income...
Analyzing. Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance...
Analyzing. Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, Fiscal Years Ended (in s millions) May 26, 2013 May 27, 2012 May 29, 2011 Net Sales $16.657.9 $14.380 2 Cost of Sales 11.350.2 10.613.2 892 Selling general and administrative expenses 3.5523 3.380.7 2. 1920 Divestitures (gain) Restructuring impairment, and other exit costs 101.6 Operating profit 2851.8 2562.4 27745 net 351.9 Earnings before income taxes and after...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. April 26, 2019 $30,557 9,155 2,330 10,418 1,764 Consolidated Statement of Income, 12 Months Ended ($ millions) Net Sales Costs and expenses Cost of products sold Research and development expense Selling, general, and administrative expense Amortization of intangible assets Restructuring charges, net Certain litigation charges Other operating expense, net Operating profit Other nonoperating income, net Interest expense Income before income taxes Income tax...
please complete the balance sheet. Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following...
please complete the balance sheet.
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
Qestions 4 & 5 Refer to the income statement and balances sheet for Dolphin, Inc. to...
Qestions 4 & 5
Refer to the income statement and balances sheet for Dolphin, Inc. to answer the following questions. Dolphin is a $600 million event promotion company that operates with a 30 percent operating tax rate. Dolphin: Income Statement and Balance Sheet S million Income statement Last year Current year Balance sheet Last year Current year 1,100 1210 Operating cash Cost of sales (7700 (871) Excess cash and marketable securities Selling general, and administrative 220 (165) (182) Accounts receivable...
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance...
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, Fiscal Years Ended (in $ millions) May 26, 2013 May 27, 2012 May 29, 2011 Net Sales $ 17,774. 1 5 16.657.9 5 14,880.2 Cost of Sales 11.350.2 10.613.2 8,926.7 Selling, general and administrative expenses 3.552.3 3.380.7 3.192.0 Divestitures (gain) (17.4) Restructuring, impairment and other exit costs 19.8 101.6 Operating profit 2.851.8 2.562.4 2.774.5 Interest, net 316.9...
Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year...
Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash $ 162 $ 122 Accounts receivable, net 225 245 Inventory 122 132 Prepaid expenses 41 41 Total current assets 550 540 Plant and equipment, net 710 710 Total assets $ 1,260 $ 1,250 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 132 $ 152 Accrued liabilities 91...
Incorporation reported the following financial statements for the last two years. 2016 Income Statement Sales $...
Incorporation reported the following financial statements for the last two years. 2016 Income Statement Sales $ 567,200 Costs of goods sold 274,005 Selling and administrative 124,729 Depreciation 54,572 EBIT $ 113,894 Interest 19,384 EBT $ 94,510 Taxes 37,804 Net income $ 56,706 Dividends $ 10,000 Addition to retained earnings $ 46,706 INC. Balance Sheet as of December 31, 2015 Cash $ 13,360 Accounts payable $ 9,500 Accounts receivable 18,990 Notes payable 14,504 inventory 13,798 Current liabilities $ 24,004 Current assets...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax expense and equity in income...
Analyzing. Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, Fiscal Years Ended (in s millions) May 26, 2013 May 27, 2012 May 29, 2011 Net Sales $16.657.9 $14.380 2 Cost of Sales 11.350.2 10.613.2 892 Selling general and administrative expenses 3.5523 3.380.7 2. 1920 Divestitures (gain) Restructuring impairment, and other exit costs 101.6 Operating profit 2851.8 2562.4 27745 net 351.9 Earnings before income taxes and after...
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. April 26, 2019 $30,557 9,155 2,330 10,418 1,764 Consolidated Statement of Income, 12 Months Ended ($ millions) Net Sales Costs and expenses Cost of products sold Research and development expense Selling, general, and administrative expense Amortization of intangible assets Restructuring charges, net Certain litigation charges Other operating expense, net Operating profit Other nonoperating income, net Interest expense Income before income taxes Income tax...
please complete the balance sheet.
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
Qestions 4 & 5
Refer to the income statement and balances sheet for Dolphin, Inc. to answer the following questions. Dolphin is a $600 million event promotion company that operates with a 30 percent operating tax rate. Dolphin: Income Statement and Balance Sheet S million Income statement Last year Current year Balance sheet Last year Current year 1,100 1210 Operating cash Cost of sales (7700 (871) Excess cash and marketable securities Selling general, and administrative 220 (165) (182) Accounts receivable...
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of General Mills, Inc. Income Statement, Fiscal Years Ended (in $ millions) May 26, 2013 May 27, 2012 May 29, 2011 Net Sales $ 17,774. 1 5 16.657.9 5 14,880.2 Cost of Sales 11.350.2 10.613.2 8,926.7 Selling, general and administrative expenses 3.552.3 3.380.7 3.192.0 Divestitures (gain) (17.4) Restructuring, impairment and other exit costs 19.8 101.6 Operating profit 2.851.8 2.562.4 2.774.5 Interest, net 316.9...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
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