Income Statement (All numbers in thousands) Period Ending Jan 28, 2011 Jan 29, 2010 Period Ending Net Receivables Jan 29, 2010 52,902,000 Jon 28, 2011 10,136,000 8,543,000 Total Revenue 61,494,000 Inventory 1,301,000 1,051,000 Cost of Revenue 50,098,000 52,902,000 Other Current Assets 3,219,000 3,643,000 Gross Profit 11,396,000 43,641,000 Total Current Assets 29,021,000 24,245,000 Long-Term Investments Property Plant and Equipment 1,503,000 1,113,000 Operating Expenses Research and Development 661,000 44,745 1,953,000 2,181,000 Goodwill 4,365,000 4,074,000 Selling General and Administrative Operating Income or Loss Earnings before Interest and Taxes Interest Expense 7,302,000 743,142 3,433,000 2,172,000 Intangible Assets 1,495,000 1,694,000 3,350,000 2,024,000 Other Assets 262,000 345,000 Total Assets 38,599,000 33,652,000 Income before Tax 3,350,000 2,024,000 Liabilities Income Tax Expense 715,000 2,024,000 Current Liabilities Net Income 2,635,000 1,433,000 Accounts Payable 15,474,000 15,257,000 Net Income Applicable to Common Shares 2,635,000 1,433,000 Short/Current Long-Term Debt 851,000 663,000 Outstanding Shares Other Current Liabilities 3,158,000 3,040,000 Total Current Liabilities 19,483,000 18,960,000 Balance Sheet Statement (All numbers in thousands) Long-Term Debt 5,146,000 3,417,000 Period Ending Jan 28, 2011 Jun 29, 2010 Other Liabilities 2,686,000 2,605,000 Assets 3,518,000 Deferred Long-Term Liability Charges Total Liabilities 3,029,000 Current Assets 30,833,000 28,011,000 Cash and Cash Equivalents 13,913,000 10,635,000 Stockholders' Equity Short-Term Investments 452,000 373,000 Preferred Stock Common Stock 11,797,000 11,472,000 Retained Earnings Treasury Stock Capițal Surplus Other Stockholder Equity Total Stockholder Equity 24,744,000 22,110,000 (28,704,000) (27,904,000) (71,000) (37,000) 5,641,000 7,766,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...

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Question

Consider the following financial statements for Dell Corporation:

The closing stock price for Dell was $13.47 on January 28, 2011. The numbers of outstanding shares were 1,944 million in 2011and1,944 million in 2010, respectively. The income tax rates were 21.3% in 2011 and 29.2% in 2010. From the financial data presented, compute the following financial ratios for 2011, and make an informed analysis of Dell's financial health:
(a) Debt ratio
(b) Times-interest-earned ratio
(c) Current ratio
(d) Quick (acid test) ratio
(e) Inventory-turnover ratio
(f) Days-sales-outstanding ratio
(g) Total-assets-turnover ratio
(h) Profit margin on sales (i) Return on total assets
(j) Return on common equity
(k) Price/earnings ratio
(l) Book value per share

Income Statement (All numbers in thousands)
Period Ending
Jan 28, 2011 Jan 29, 2010
Period Ending
Net Receivables
Jan 29, 2010
52,902,000
Jon 28, 2011
10,136,000
8,543,000
Total Revenue
61,494,000
Inventory
1,301,000
1,051,000
Cost of Revenue
50,098,000
52,902,000
Other Current Assets
3,219,000
3,643,000
Gross Profit
11,396,000
43,641,000
Total Current Assets
29,021,000
24,245,000
Long-Term Investments
Property Plant and Equipment
1,503,000
1,113,000
Operating Expenses
Research and Development
661,000
44,745
1,953,000
2,181,000
Goodwill
4,365,000
4,074,000
Selling General and Administrative
Operating Income or Loss
Earnings before Interest and Taxes
Interest Expense
7,302,000
743,142
3,433,000
2,172,000
Intangible Assets
1,495,000
1,694,000
3,350,000
2,024,000
Other Assets
262,000
345,000
Total Assets
38,599,000
33,652,000
Income before Tax
3,350,000
2,024,000
Liabilities
Income Tax Expense
715,000
2,024,000
Current Liabilities
Net Income
2,635,000
1,433,000
Accounts Payable
15,474,000
15,257,000
Net Income Applicable to Common Shares
2,635,000
1,433,000
Short/Current Long-Term Debt
851,000
663,000
Outstanding Shares
Other Current Liabilities
3,158,000
3,040,000
Total Current Liabilities
19,483,000
18,960,000
Balance Sheet Statement (All numbers in thousands)
Long-Term Debt
5,146,000
3,417,000
Period Ending
Jan 28, 2011
Jun 29, 2010
Other Liabilities
2,686,000
2,605,000
Assets
3,518,000
Deferred Long-Term Liability Charges
Total Liabilities
3,029,000
Current Assets
30,833,000
28,011,000
Cash and Cash Equivalents
13,913,000
10,635,000
Stockholders' Equity
Short-Term Investments
452,000
373,000
Preferred Stock
Common Stock
11,797,000
11,472,000
Retained Earnings
Treasury Stock Capițal Surplus
Other Stockholder Equity
Total Stockholder Equity
24,744,000
22,110,000
(28,704,000)
(27,904,000)
(71,000)
(37,000)
5,641,000
7,766,000

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