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Essentials Of Investments
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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Use the following selected financial information for Wilcox Corporation to answer the next questions Wilcox Corporation Income Statement For the Year Ended December 31, 2015 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Earnings before taxes Income tax expense Net profit $2,870 1.985 $ 885 620 $ 265 40 $ 225 80 $ 145 Wilcox Corporation Balance Sheet December 31, 2015 Assets Current assets Liabilities and stockholders' equity Current liabilities Cash Short-term investments 15 $ 85 45 $25 Accounts payable Accrued liabilities Accounts receivable 70 Total current liabilities 130 Long-term debt 370 240 Inventory Total current as sets 150 260 Totalliabilities Long-term assets Net PPE Stockholders' equity Commonstock and PIC 80 390 Goodwill 210 Retained earnings 410 Total stockholders' equity 490 Totalassets $860 Totalliabilities and equity $860 Wilcox's interest coverage ratio is?
Transcribed Image Text:Use the following selected financial information for Wilcox Corporation to answer the next questions Wilcox Corporation Income Statement For the Year Ended December 31, 2015 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Earnings before taxes Income tax expense Net profit $2,870 1.985 $ 885 620 $ 265 40 $ 225 80 $ 145 Wilcox Corporation Balance Sheet December 31, 2015 Assets Current assets Liabilities and stockholders' equity Current liabilities Cash Short-term investments 15 $ 85 45 $25 Accounts payable Accrued liabilities Accounts receivable 70 Total current liabilities 130 Long-term debt 370 240 Inventory Total current as sets 150 260 Totalliabilities Long-term assets Net PPE Stockholders' equity Commonstock and PIC 80 390 Goodwill 210 Retained earnings 410 Total stockholders' equity 490 Totalassets $860 Totalliabilities and equity $860 Wilcox's interest coverage ratio is?
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