These are the current ratios for Cisco Inc. for the 2018 and 2017 years.Based on these numbers, how well or poorly is the company doing? Rounded to: MillionsCurrent Year:2018Prior Year:2017Profit margin:Net Income (Loss)$110.0$9,609.00.22%20.02%%3DNet Sales$49,330.0$48,005.0Gross Profit Percentage:Gross Profit$30,606.0$30,224.062.04%62.96%%3DNet Sales$49,330.0$48,005.0Asset turnover:Net Sales$49,330.0$48,005.0Average Total Assets$61,837.0$83.703.0$83,703.0$78,719.02++$49,330.0$48,005.00.68 times0.59 times$72,770.0$81,211.0Return on assets (ROA):Net Income (Loss)$110.0$9,609.0= 0.15%= 11.83%%3DAverage Total Assets$72,770.0$81,211.0Return on equity (ROE):Net Income (Loss)$110.0$9,609.0Average Stockholders' Equity$43,204.0$66,137.0$66,137.0$63,586.0+$110.0$9,609.0= 0.20%14.81%$54,670.5$64,861.5

All these ratio Profit Margin, Gross Profit Margin, Asser Turnover, Return on Assets, Return on…

Answered: These are the current ratios for Cisco…

These are the current ratios for Cisco Inc. for the 2018 and 2017 years. Based on these numbers, how well or poorly is the company doing?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

These are the current ratios for Cisco Inc. for the 2018 and 2017 years.

Based on these numbers, how well or poorly is the company doing?

Rounded to: Millions
Current Year:
2018
Prior Year:
2017
Profit margin:
Net Income (Loss)
$110.0
$9,609.0
0.22%
20.02%
%3D
Net Sales
$49,330.0
$48,005.0
Gross Profit Percentage:
Gross Profit
$30,606.0
$30,224.0
62.04%
62.96%
%3D
Net Sales
$49,330.0
$48,005.0
Asset turnover:
Net Sales
$49,330.0
$48,005.0
Average Total Assets
$61,837.0
$83.703.0
$83,703.0
$78,719.0
2
+
+
$49,330.0
$48,005.0
0.68 times
0.59 times
$72,770.0
$81,211.0
Return on assets (ROA):
Net Income (Loss)
$110.0
$9,609.0
= 0.15%
= 11.83%
%3D
Average Total Assets
$72,770.0
$81,211.0
Return on equity (ROE):
Net Income (Loss)
$110.0
$9,609.0
Average Stockholders' Equity
$43,204.0
$66,137.0
$66,137.0
$63,586.0
+
$110.0
$9,609.0
= 0.20%
14.81%
$54,670.5
$64,861.5

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