Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selectedfinancial data for the company for the period 2012-2016.Profit margin (%)Retention ratio (%)Asset turnover (X)Financial leverage (X)Growth rate in sales (%)Source: Data from Nobility Homes 2012 to 2016 annual reports20120.3100.00.541.1918.4Year20122013201420152016%%%%%20134.0100.00.591.2317.92014 20156.4100.00.641.2615.4a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016.Note: Round your answers to 1 decimal place.Sustainable Growth Rate201618.410.4100.0 100.00.690.741.311.3931.923.4

One financial statistic that's used to evaluate a company's ability to grow over the long term…

Answered: Nobility Homes, Incorporated, is a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2009 5.2 100.0 1.6 1.7 18.3 2010 6.1 100.0 1.6 1.7 24.4 2011 6.3 100.0 1.6 1.9 38.6 2012 6.7 100.0 1.6 1.8 24.8 2013 6.7 100.0 1.5 1.9 27.3 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place.
The table below shows the manufacturing costs, overhead and profit of a company between 2016 and 2019. The total bars represent the revenues. What line item experienced the biggest year-on-year growth rate across any of these years? SELECT ONLY ONE Profit Overhead $8,000 Revenues $35,000 $30,000 $9,000 $25,000 $20,000 $15,000 $4,000 $10,000 $3,000 $3,500 $3,000 $16,000 $3,000 $5,000 $2,000 $6,000 $7,000 $4,000 $- 2016 2017 2018 2019 Manufacturing cost Overhead ■Profit Manufacturing cost
Question: What do these ratios say about a company it an automobile industry? MEASURES RATIOS 2017 2016 2015 ACTIVITY RATIOS INVENTORY TURNOVER 4.4037 3.2289 2.7986 TOTAL ASSET TURNOVER 0.4103 0.3089 0.5015 RECEIVABLES TURNOVER 23.191 20.9551 20.4567 COVERAGE RATIOS CASH COVERAGE RATIO 0.2016 2.17 -1.865 INTEREST COVERAGE RATIO -3.4649 -3.3567 -6.0296 LIQUIDITY RATIOS CURRENT RATIO 0.8561 1.0743 0.9897 QUICK RATIO 0.561 0.719 0.535 SOLVENCY RATIOS DEBT RATIO 0.8034 0.7391 0.8598 TOTAL DEBT TO EQUITY RATIO 5.4335 3.5242 6.4011 CASH PERFORMANCE RATIOS CASH RETURN TO REVENUE 0.2874 0.3279 0.3834 CASH RETURN TO ASSETS -0.002 -0.0055 -0.065 CASH RETURN TO EQUITY -0.0141 -0.0261 -0.484 PROFITABILITY RATIOS GROSS PROFIT MARGIN 0.1889 0.2285 0.2282 RETURN ON ASSET -0.0872 -0.0503 -0.1279…
What is the sustainable growth rate for 2015? Narrow Falls Lumber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends Cash Accounts receivable Inventory Net fixed assets Total assets Select one: a. 10.91% b. 14.46% c. 15.54% d. 12.63% e. 13.97% $28,200 $848,600 542,800 147,400 $158,400 12,600 $145,800 51,800 $94.000 Narrow Falls Lumber Balance Sheets as of December 31, 2014 and 2015 2015 2014 $ 32,300 $ 26,900 74,700 72,300 99,500 97,800 707,100 705,000 $913.600 $902,000 Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earnings Total liabilities & owners' equity 2015 2014 $ 78,900 $ 79,200 40,000 354,500 50,000 295,600 170,000 175,000 319.100 253,300 $913.600 $902,000
Smart Eletro plc, a public listed company, is a major supplier of electrical components to the automotive industry. Company’s key accounting ratios are set out in the following table, together with industry averages: Smart Electro plc. Industry Averages Return on capital employed 21.4% 16.1% Gross profit margin 11.5% 13.0% Net profit margin 9.8% 11.0% Current ratio 1.6 1.4 Inventories turnover 12 6 Trade receivables collection period 61 days 65 days Trade payables payment period 43 days 105 days Gearing 68.4% 37.2% Questions: You are working in this company and the Finance Director asked you to write a report to the Board of Directors. Write a brief report to the board of directors of Smart Eletro plc. comparing the ratios for the company with the industry averages. Identify any areas in which you think they could make improvements. Smart Eletro plc. has operations in…
Complete a margin analysis for Associated Industries and answer the questions below. Associated Industries Year Ending Year Ending Change 2016 2017 Gross Margin 43.7% 43.7% 0% Operating Margin 3.9% 3.0% (.9%) Net Margin 3.0% 2.4% (.6%) 1. What was the change to the Operating Margin and what does that indicate for the operation of the business?
discuss the results of the Company's Horizontal and Vertical Analysis from 2014-2018
ILLUSTRATION 7. From the following information, interpret the results of operations of manufacturing concern using trend ratios : (Amount in '000 $ For the year ended 31st March 2016 2015 2014 2013 10,000 9,500 5,890 Sales (net) 13,000 12,000 Cost of Goods Sold 7,280 6,960 6,000 5,040 1,100 3,610 970 4,000 1,000 Gross Profit 5,720 Selling Expenses 1,200 Net Operating Profit 4,520 3,940 2,640 3,000
Compare the two companies and declare which of the two company will be: a. Profitable b. Ideal for investment c. Good for short term investment d. Good for long term investment
An analyst is evaluating the profi tability of Daimler AG (Xetra: DAI) over a recentfi ve-year period. He gathers the following revenue data and calculates the followingprofi tability ratios from information in Daimler’s annual reports:2009 2008 2007 2006 2005Revenues (€ millions) 78,924 98,469 101,569 99,222 95,209Gross profi t margin 16.92% 21.89% 23.62% 20.60% 19.48%Operating profi t (EBIT) margin a–1.92% 2.77% 8.58% 5.03% 3.02%Pretax margin –2.91% 2.84% 9.04% 4.94% 2.55%Net profi t margin –3.35% 1.73% 4.78% 3.19% 2.37%aEBIT (Earnings before interest and taxes) is the operating profi t metric used by Daimler.Daimler’s revenue declined from 2007 to 2008 and from 2008 to 2009. Further,Daimler’s 2009 revenues were the lowest of the fi ve years. Management’s discussion ofthe decline in revenue and EBIT in the 2009 Annual Report notes the following:Th e main reason for the decline [in EBIT] was a signifi cant drop in revenuedue to markedly lower unit sales in all vehicle segments as a…
Wina Chemicals Co Ltd is a company started their business by selling chemicals obtained from existing local importers to the textile industry. Building on commitment and reliable service, Wna Chemicals Co Ltd gradually grew into a distributor for several major chemical companies. Attached the Financial Ratios of Wina Chemicals Co Ltd for the year of 2018 & 2019. Please make a financial ratio analysis for Wina Chemicals Co Ltd based on the data.
ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Calculate the following ratios for both 2018 and 2019, interpret and analyze them: Days Sales in Inventory Average Collection Period

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