The data in Exhibit 1 appear in the five-year summary of a major international company. EXHIBIT 1 Financial statements FY10 FY11 FY12 FY13 FY14 GBP mGBP mGBP MGBP mGBP m Income statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest and taxation (EBIT) 844 700 704 933 1,579 Net interest payable Taxation Minorities -80 -54 -98 -163-188 -186 -195-208 -349-579 -94 -99-105-125-167 484 352 293 296 645 Profit for the year Balance sheets Fixed assets Current asset investments, cash at bank and in hand Other current assets Total assets Interest bearing debt (long term) Other creditors and provisions (current) Total liabilities Net assets Shareholders' funds Equity minority interests Capital employed Cash flow 3,510 3,667 4,758 10,431 11,483 316 218 290 561 682 558 514 643 1,258 1,634 4,384 4,399 5,691 12,250 13,799 -602-1,053-1,535-3,523-3,707 -1,223-1,054-1,102-2,377-3,108 -1,825-2,107-2,637-5,900-6,815 2,559 2,292 3,054 6,350 6,984 2,161 2,006 2,309 5,572 6,165 398 286 745 778 819 2,559 2,292 3,054 6,350 6,984 Working capital movements Net cash inflow from operating activities -53 864 5 71 85 107 859 975 1,568 2,292 Please calculate the Total asset turnover ratio in FY13. Enter your answer in the box below. Rounded to four decimal places. For example, if your answer is 0.7542554, enter 0.7543.
The data in Exhibit 1 appear in the five-year summary of a major international company. EXHIBIT 1 Financial statements FY10 FY11 FY12 FY13 FY14 GBP mGBP mGBP MGBP mGBP m Income statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest and taxation (EBIT) 844 700 704 933 1,579 Net interest payable Taxation Minorities -80 -54 -98 -163-188 -186 -195-208 -349-579 -94 -99-105-125-167 484 352 293 296 645 Profit for the year Balance sheets Fixed assets Current asset investments, cash at bank and in hand Other current assets Total assets Interest bearing debt (long term) Other creditors and provisions (current) Total liabilities Net assets Shareholders' funds Equity minority interests Capital employed Cash flow 3,510 3,667 4,758 10,431 11,483 316 218 290 561 682 558 514 643 1,258 1,634 4,384 4,399 5,691 12,250 13,799 -602-1,053-1,535-3,523-3,707 -1,223-1,054-1,102-2,377-3,108 -1,825-2,107-2,637-5,900-6,815 2,559 2,292 3,054 6,350 6,984 2,161 2,006 2,309 5,572 6,165 398 286 745 778 819 2,559 2,292 3,054 6,350 6,984 Working capital movements Net cash inflow from operating activities -53 864 5 71 85 107 859 975 1,568 2,292 Please calculate the Total asset turnover ratio in FY13. Enter your answer in the box below. Rounded to four decimal places. For example, if your answer is 0.7542554, enter 0.7543.
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
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