2013 2012 Revenues 3 751 331 021 3 430 700 496 Cost of Sales 3 067 218 589 2 799 747 640 Gross Profit 684 332 432 630 952 856 Operating Expenses Operating Income Other Revenues and Expenses, Net 568 148 309 462 184 796 116 184 123 168 768 060 88 928 261 103 032 748 Income before Interest and Taxes 205 112 384 271 800 808 Interest Expense 62 579 720 61 331 464 Income before Taxes 142 532 664 210 469 344 Income Tax Expense 63 259 148 60 851 855 Net Income 79 273 516 149 617 489 Gross Trade Accounts Receivable 167 127 821 115 117 689 Trade Inventories 74 636 671 70 245 583 Plant, Property and Equipment Total Current Assets 470 409 909 423 404 905 951 121 434 955 380 544 Total Noncurrent Assets 2 018 802 760 1 934 101 493 Total Assets 2 969 924 194 2 889 482 037 Trade Accounts Payable 238 797 718 203 715 372 Total Current Liabilities 1 821 798 950 946 005 455 Total Non current Liabilities 122 695 064 918 151 972 1 944 494 014 1 025 430 180 1 864 157 427 1 025 324 610 Total Liabilities Total Equity COMPUTE THE FOLLOWING: a. Return on Equity b. Return on Assets c. Gross Profit Margin

Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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II. COMPUTE FOR THE FINANCIAL RATIOS: PANCAKE HOUSE
2013
2012
Revenues
3 751 331 021
3 430 700 496
Cost of Sales
3 067 218 589
2 799 747 640
Gross Profit
684 332 432
630 952 856
Operating Expenses
Operating Income
Other Revenues and Expenses, Net
568 148 309
462 184 796
116 184 123
168 768 060
88 928 261
205 112 384
103 032 748
271 800 808
Income before Interest and Taxes
Interest Expense
62 579 720
61 331 464
Income before Taxes
142 532 664
210 469 344
Income Tax Expense
63 259 148
60 851 855
Net Income
79 273 516
149 617 489
Gross Trade Accounts Receivable
167 127 821
115 117 689
Trade Inventories
74 636 671
70 245 583
Plant, Property and Equipment
470 409 909
423 404 905
Total Current Assets
951 121 434
955 380 544
Total Noncurrent Assets
2 018 802 760
1 934 101 493
Total Assets
2 969 924 194
2 889 482 037
Trade Accounts Payable
238 797 718
203 715 372
Total Current Liabilities
1 821 798 950
946 005 455
Total Non current Liabilities
122 695 064
918 151 972
1 944 494 014
1 025 430 180
1 864 157 427
1 025 324 610
Total Liabilities
Total Equity
COMPUTE THE FOLLOWING:
a. Return on Equity
b. Return on Assets
c. Gross Profit Margin
d. Operating Profit Margin
e. Net Profit Margin
f. Current Ratio
g. Quick Asset Ratio
h. Debt Ratio
i. Debt to Equity Ratio
j. Times Interest Earned
k. Total Asset Turnover Ratio
1. Accounts Receivable Turnover Ratio
m. Inventory Turnover Ratio
n. Accounts Payable Turnover Ratio
Transcribed Image Text:II. COMPUTE FOR THE FINANCIAL RATIOS: PANCAKE HOUSE 2013 2012 Revenues 3 751 331 021 3 430 700 496 Cost of Sales 3 067 218 589 2 799 747 640 Gross Profit 684 332 432 630 952 856 Operating Expenses Operating Income Other Revenues and Expenses, Net 568 148 309 462 184 796 116 184 123 168 768 060 88 928 261 205 112 384 103 032 748 271 800 808 Income before Interest and Taxes Interest Expense 62 579 720 61 331 464 Income before Taxes 142 532 664 210 469 344 Income Tax Expense 63 259 148 60 851 855 Net Income 79 273 516 149 617 489 Gross Trade Accounts Receivable 167 127 821 115 117 689 Trade Inventories 74 636 671 70 245 583 Plant, Property and Equipment 470 409 909 423 404 905 Total Current Assets 951 121 434 955 380 544 Total Noncurrent Assets 2 018 802 760 1 934 101 493 Total Assets 2 969 924 194 2 889 482 037 Trade Accounts Payable 238 797 718 203 715 372 Total Current Liabilities 1 821 798 950 946 005 455 Total Non current Liabilities 122 695 064 918 151 972 1 944 494 014 1 025 430 180 1 864 157 427 1 025 324 610 Total Liabilities Total Equity COMPUTE THE FOLLOWING: a. Return on Equity b. Return on Assets c. Gross Profit Margin d. Operating Profit Margin e. Net Profit Margin f. Current Ratio g. Quick Asset Ratio h. Debt Ratio i. Debt to Equity Ratio j. Times Interest Earned k. Total Asset Turnover Ratio 1. Accounts Receivable Turnover Ratio m. Inventory Turnover Ratio n. Accounts Payable Turnover Ratio
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