Balance Sheet (Millions of $) Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of $) 2018 Net sales $84,000 Operating costs except depreciation 78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT) $4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $47.52 whats is the operating margin =
|
|
|
|
Assets |
|
2018 |
|
Cash and securities |
|
$3,000 |
|
|
|
15,000 |
|
Inventories |
|
18,000 |
|
Total current assets |
|
$36,000 |
|
Net plant and equipment |
|
$24,000 |
|
Total assets |
|
$60,000 |
|
Liabilities and Equity |
|
|
|
Accounts payable |
|
$18,630 |
|
Accruals |
|
8,370 |
|
Notes payable |
|
6,000 |
|
Total current liabilities |
|
$33,000 |
|
|
|
|
|
Long-term bonds |
|
$9,000 |
|
Total liabilities |
|
$42,000 |
|
Common stock |
|
$5,040 |
|
|
|
12,960 |
|
Total common equity |
|
$18,000 |
|
Total liabilities and equity |
|
$60,000 |
|
|
|
|
|
Income Statement (Millions of $) |
|
2018 |
|
Net sales |
|
$84,000 |
|
Operating costs except |
78,120 |
||
Depreciation |
|
1,680 |
|
Earnings before interest and taxes (EBIT) |
$4,200 |
||
Less interest |
|
900 |
|
Earnings before taxes (EBT) |
|
$3,300 |
|
Taxes |
|
1,320 |
|
Net income |
|
$1,980 |
|
|
|
|
|
Other data: |
|
|
|
Shares outstanding (millions) |
|
500.00 |
|
Common dividends (millions of $) |
|
$693.00 |
|
Int rate on notes payable & L-T bonds |
6% |
||
Federal plus state income tax rate |
40% |
||
Year-end stock price |
|
$47.52 |
|
whats is the operating margin =
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