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1 Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the l Miscellaneous financial information Figure reported in the actual financial statement 2 3 Long-term assets other than any listed in this table 474,158 4 Total liabilities 454,753 5 Cash 39,560 6 Operating current assets other than any listed in this table. 2,288 7 Current portion of long-term debt 23,782 8 Cost of sales 232,305 3,511 9 Nonoperating current assets other than any listed in this table 10 Total long-term assets 11 All equity items other than any listed in this table 12 Total long-term liabilities 13 Long-term debt 14 Earnings before taxes 15 Par value 16 Total equity 17 Retained earnings 18 Current liabilities other than any listed in this table 19 Revenue 20 Total current liabilities 21 Interest expense 22 Taxes 23 Total assets 24 Long-term liabilities other than any listed in this table 25 Accounts receivable 26 Current assets 27 Nonoperating income (expense) other than interest 28 SG&A and other indirect expenses 29 Net Income 30 Paid-in capital 31 Accounts payable 32 Operating income 33 Treasury stock 34 Short-term debt 35 Gross income 36 Inventory 37 PP&E 38 39 40 What was Madison Makeup's net income margin? 41 What was Madison Makeup's asset turnover ratio? 42 What was Madison Makeup's ratio of assets to equity? What is the product of the 3 figures provided as answers to the 3 43 previous questions? What was Madison Makeup's ROE, computed as net income 44 divided by total equity? Are the figures in the previous 2 questions equal to each other? 9.03% 0.00% 12.25% 624,459 68,202 276,411 141,315, 48,013 477 248,667 74,851 9,656 337,227 316,387 20,334 17,546 624,459 135,096 56,190 180,211 4,955 41,530 30,467 109,414 138,045 63,392 -3,800 144,904 104,922 115,934 150,301

1 Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the l Miscellaneous financial information Figure reported in the actual financial statement 2 3 Long-term assets other than any listed in this table 474,158 4 Total liabilities 454,753 5 Cash 39,560 6 Operating current assets other than any listed in this table. 2,288 7 Current portion of long-term debt 23,782 8 Cost of sales 232,305 3,511 9 Nonoperating current assets other than any listed in this table 10 Total long-term assets 11 All equity items other than any listed in this table 12 Total long-term liabilities 13 Long-term debt 14 Earnings before taxes 15 Par value 16 Total equity 17 Retained earnings 18 Current liabilities other than any listed in this table 19 Revenue 20 Total current liabilities 21 Interest expense 22 Taxes 23 Total assets 24 Long-term liabilities other than any listed in this table 25 Accounts receivable 26 Current assets 27 Nonoperating income (expense) other than interest 28 SG&A and other indirect expenses 29 Net Income 30 Paid-in capital 31 Accounts payable 32 Operating income 33 Treasury stock 34 Short-term debt 35 Gross income 36 Inventory 37 PP&E 38 39 40 What was Madison Makeup's net income margin? 41 What was Madison Makeup's asset turnover ratio? 42 What was Madison Makeup's ratio of assets to equity? What is the product of the 3 figures provided as answers to the 3 43 previous questions? What was Madison Makeup's ROE, computed as net income 44 divided by total equity? Are the figures in the previous 2 questions equal to each other? 9.03% 0.00% 12.25% 624,459 68,202 276,411 141,315, 48,013 477 248,667 74,851 9,656 337,227 316,387 20,334 17,546 624,459 135,096 56,190 180,211 4,955 41,530 30,467 109,414 138,045 63,392 -3,800 144,904 104,922 115,934 150,301

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A B Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells in the table. Figure reported in the Figure reported in the actual Miscellaneous financial information common size financial 2 3 Long-term assets other than any listed in this table 4 Total liabilities 5 Cash 6 Operating current assets other than any listed in this table 7 Current portion of long-term debt 8 Cost of sales 9 Nonoperating current assets other than any listed in this table 10 Total long-term assets 11 All equity items other than any listed in this table 12 Total long-term liabilities 13 Long-term debt 14 Earnings before taxes 15 Par value 16 Total equity 17 Retained earnings 18 Current liabilities other than any listed in this table 19 Revenue 20 Total current liabilities 21 Interest expense 22 Taxes 23 Total assets 24 Long-term liabilities other than any listed in this table 25 Accounts receivable 26 Current assets 27 Nonoperating income (expense) other than interest 28 SG&A and other indirect expenses 29 Net Income 30 Paid-in capital 31 Accounts payable 32 Operating income 33 Treasury stock 34 Short-term debt 35 Gross income 36 Inventory 37 PP&E 38 39 40 What was Madison Makeup's net income margin? 41 What was Madison Makeup's asset turnover ratio? 42 What was Madison Makeup's ratio of assets to equity? What is the product of the 3 figures provided as answers to 43 previous questions? What was Madison Makeup's ROE, computed as net income 44 divided by total equity? Are the figures in the previous 2 questions equal to each other? financial statement 474,158 454,753 39,560 2,288 23,782 232,305 3,511. 624,459 68,202 276,411 141,315 48,013 477 9.03% 0.00% 12.25% 248,667 74,851 9,656 337,227 316,387 20,334 17,546 624,459 135,096 56,190 180,211 4,955 41,530 30,467 109,414 138,045 63,392 -3,800 144,904 104,922 115,934 150,301 68.89% 14.24% 100.00% 6.03% 5.20% 100.00% 1.47% 12.32% 18.80% 31.11% D E F G
Transcribed Image Text:A B Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells in the table. Figure reported in the Figure reported in the actual Miscellaneous financial information common size financial 2 3 Long-term assets other than any listed in this table 4 Total liabilities 5 Cash 6 Operating current assets other than any listed in this table 7 Current portion of long-term debt 8 Cost of sales 9 Nonoperating current assets other than any listed in this table 10 Total long-term assets 11 All equity items other than any listed in this table 12 Total long-term liabilities 13 Long-term debt 14 Earnings before taxes 15 Par value 16 Total equity 17 Retained earnings 18 Current liabilities other than any listed in this table 19 Revenue 20 Total current liabilities 21 Interest expense 22 Taxes 23 Total assets 24 Long-term liabilities other than any listed in this table 25 Accounts receivable 26 Current assets 27 Nonoperating income (expense) other than interest 28 SG&A and other indirect expenses 29 Net Income 30 Paid-in capital 31 Accounts payable 32 Operating income 33 Treasury stock 34 Short-term debt 35 Gross income 36 Inventory 37 PP&E 38 39 40 What was Madison Makeup's net income margin? 41 What was Madison Makeup's asset turnover ratio? 42 What was Madison Makeup's ratio of assets to equity? What is the product of the 3 figures provided as answers to 43 previous questions? What was Madison Makeup's ROE, computed as net income 44 divided by total equity? Are the figures in the previous 2 questions equal to each other? financial statement 474,158 454,753 39,560 2,288 23,782 232,305 3,511. 624,459 68,202 276,411 141,315 48,013 477 9.03% 0.00% 12.25% 248,667 74,851 9,656 337,227 316,387 20,334 17,546 624,459 135,096 56,190 180,211 4,955 41,530 30,467 109,414 138,045 63,392 -3,800 144,904 104,922 115,934 150,301 68.89% 14.24% 100.00% 6.03% 5.20% 100.00% 1.47% 12.32% 18.80% 31.11% D E F G
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