Using the information below, calculate the value of (1) Profitability, (2) Asset Turnover, and (3) Equity Multiplier. Balance Sheet (all numbers are in $ million unless stated otherwise) Current Assets Current Liabilities Cash 98 Accounts Payable 344 A/C Receivable 188 Notes Payable 196 Inventory 422 Total 708 Total 540 Fixed Assets Long-Term Liabilities Net PPE 2880 Long-Term Debt 457 Common Stock and Paid-In Surplus 550 Retained Earnings 2041 Total Assets 3588 Total Liabilities + Net Worth 3588 Income Statement (all numbers are in $ million unless stated otherwise) Sales 2311 Cost of Goods Sold 1344 Depreciation 276 EBIT 691 Interest Paid to Bondholders 141 Taxable Income (EBT) 550 Taxes @ 34 percent 187 Net Income 363
Using the information below, calculate the value of
(1) Profitability, (2) Asset Turnover, and (3) Equity Multiplier.
Current Assets Current Liabilities
Cash 98 Accounts Payable 344
A/C Receivable 188 Notes Payable 196
Inventory 422
Total 708 Total 540
Fixed Assets Long-Term Liabilities
Net PPE 2880 Long-Term Debt 457
Common Stock and Paid-In Surplus 550
Total Assets 3588 Total Liabilities + Net Worth 3588
Income Statement (all numbers are in $ million unless stated otherwise)
Sales 2311
Cost of Goods Sold 1344
EBIT 691
Interest Paid to Bondholders 141
Taxable Income (EBT) 550
Taxes @ 34 percent 187
Net Income 363
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