BUS 420 Chapter_9_mini_case_FFS_method

BUS 420 Chapter_9_mini_case_FFS_method - Chapter09 Mini...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter09 Mini Case Situation 2009 Balance Sheet (in millions) Cash and Securities $20.0 1% Accounts Receivable $240.0 12% Inventories $240.0 12% Total Current Assets $500.0 Net Fixed Assets $500.0 25% (From Text) Total Assets $1,000.0 Accounts Payable and Accruals $100.0 5% Notes Payable $100.0 Total Current Liabilities $200.0 Long Term Debt $100.0 Common Stock $500.0 Retained Earnings $200.0 Total Liabilities and Equity $1,000.0 2009 Income Statement (in millions) Sales $2,000.0 Variable Costs $1,200.0 60% Fixed Costs $700.0 35% (From Text) EBIT $100.0 Interest $10.0 EBT $90.0 Taxes(40%) $36.0 Net Income $54.0 Dividends(40%) $21.6 Additions to Retained Earnings $32.4 2009 Key Ratios SEC Industry Profit margin 2.70% 4.00% ROE 7.71% 15.60% DSO 43.80 32.00 Inventory turnover 8.33 11.00 (From Text) Fixed asset turnover 4.00 5.00 Debt/Assets 30.00% 36.00% TIE 10.00 9.40 Current ratio 2.50 3.00 NOPAT/Sales 3.00% 5.00% Operating Capital / Sales 45.00% 35.00% Return on Invested Capital (NOPAT/Capital) 6.67% 14.00%
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

BUS 420 Chapter_9_mini_case_FFS_method - Chapter09 Mini...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online