ash project for acc

ash project for acc - Income Statement(in millions 1 Net...

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Income Statement (in millions): 1. Net Revenues are: 2009 2008 79,029 81,748 2. Net Income is: 2009 2008 13,436 12,075 3. Expense account that deducts the largest dollar amount: -2009-cost of products sold -2008-cost of products sold 4.Calculate Gross Profit: (Net Sales- Cost of Goods Sold) 2009 2008 79,029-38,898= 40,131 81,748-39,536= 42,212 5.Calculate Net Profit Percentage: (Net Income/ Net Sales) 2009 2008 13,436/79,029=17% 12,075/81,748=14.77% 6.Dollar amount for Basic Earnings per share: (not in millions) 2009 2008 4.49$ 3.86$ Balance Sheet (in millions): 7.The total for Current Assets: 2009 2008 21,905 24,515 8.Total for Total Assets: 2009 2008 134,833 143,992 9. The total for Current Liabilities: 2009 2008 30,901 30,958 10. Total for Total Liabilities: 2009 2008 71,734 74,498 11. The total for Stockholder’s Equity: 2009 2008 63,099 69,494 12. Calculate the Current Ratio: (current assets/current liabilities) 2009 2008 21,905/30,901= .7088= 7.09:1 24,515/30,958= .7918= 7.92:1 13.Calculate Debt to Total Assets Ratio: (Total Debt/Total Assets) 2009 2008 71,734/134,833= .5320= 53.2% 74,498/143,992=.5173=51.7% 14.Calculate Inventory Turnover Ratio: (Cost of goods sold/ average inventory) 2009 2008 38,898/ (6,880+8416/ 2) 39,536/ (6,880+8416/ 2)
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38,898/ 7,648= 5.09 times 39,536/ 7,648= 5.17times 15. Calculate Asset Turnover Ratio: (Net Sales/ Average Assets) 2009 2008 79,029/ (134,833+143,992/ 2)
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This note was uploaded on 09/24/2011 for the course CIS 1323 taught by Professor Collins during the Spring '08 term at Texas State.

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ash project for acc - Income Statement(in millions 1 Net...

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