12 DOC INT PRJ 1

12 DOC INT PRJ 1 - International Reporting Case Sepracor...

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International Reporting Case Sepracor, Inc Financial Statements under U.S. GAAP Account 2007(000) Current Liabilities $ 554,114 Convertible Debt $ 648,020 Total Liabilities $1,228,313 Stockholders Equity $ 176,413 Net Income $ 58,333 A. Compute the following ratios for Sepracor, Inc 1. Return on Assets Return on Assets = Net Income / Total Assets $58,333 / $1,404,726 0.04152 Return on Assets = 4.15% Total assets = Total Liabilities + stockholder equity $1,228,313 + $176,413 $1,404,726 2. Return on Stockholders Equity Return on Stockholders Equity = Net Income / Stockholders equity $58,333 / $176,413 0.33066 Return on Stockholders Equity = 33.07% 3. Debt to Asset Ratio Debt Asset Ratio = Total Debt / Total Assets $1,228,313 / $1,404,726 0.8744 Debt Asset Ratio = 87.44% B. Sepracor Analysis: Sepracor is showing with the Return on Assets and Return on Stockholders equity that is doing a good job, because its ratios are better 1
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compare to the industry averages. The Debt to Assets Ratio is high
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This note was uploaded on 10/14/2010 for the course ACCT 1234 taught by Professor Gor during the Spring '10 term at DeVry Bellevue.

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12 DOC INT PRJ 1 - International Reporting Case Sepracor...

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