The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 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 Determine the Financial Ratios Below from the Income Statement and Balance Sheet Above: Current Ratio Quick Ratio Days Sales Outstanding Total Assets Turnover Inventory Turnover Ratio I.E. Total Debt to Total Capital Ratio O.A. O.E. BEP Profit Margin Return on Invested Capital Operating Margin Dividends per Share Earnings per Share P/E Ratio Book Value per Share? Market-to-Book Ratio Equity Multiplier Dupont Identify
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
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Balance Sheet (Millions of $) |
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Assets |
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2018 |
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Cash and securities |
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$3,000 |
|
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Accounts receivable |
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15,000 |
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Inventories |
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18,000 |
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Total current assets |
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$36,000 |
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Net plant and equipment |
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$24,000 |
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Total assets |
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$60,000 |
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Liabilities and Equity |
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|
|
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Accounts payable |
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$18,630 |
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Accruals |
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8,370 |
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Notes payable |
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6,000 |
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Total current liabilities |
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$33,000 |
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|
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Long-term bonds |
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$9,000 |
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Total liabilities |
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$42,000 |
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Common stock |
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$5,040 |
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|
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12,960 |
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Total common equity |
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$18,000 |
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Total liabilities and equity |
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$60,000 |
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Income Statement (Millions of $) |
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2018 |
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Net sales |
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$84,000 |
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Operating costs except |
78,120 |
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Depreciation |
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1,680 |
|
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Earnings before interest and taxes (EBIT) |
$4,200 |
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Less interest |
|
900 |
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Earnings before taxes (EBT) |
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$3,300 |
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Taxes |
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1,320 |
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Net income |
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$1,980 |
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Other data: |
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Shares outstanding (millions) |
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500.00 |
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Common dividends (millions of $) |
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$693.00 |
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Int rate on notes payable & L-T bonds |
6% |
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Federal plus state income tax rate |
40% |
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Year-end stock price |
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$47.52 |
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Determine the Financial Ratios Below from the Income Statement and Balance Sheet Above:
- Current Ratio
- Quick Ratio
- Days Sales Outstanding
- Total Assets Turnover
- Inventory Turnover Ratio
- I.E.
- Total Debt to Total Capital Ratio
- O.A.
- O.E.
- BEP
- Profit Margin
Return on Invested Capital
- Operating Margin
- Dividends per Share
- Earnings per Share
- P/E Ratio
- Book Value per Share?
- Market-to-Book Ratio
- Equity Multiplier
- Dupont Identify
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