PS_4_Checkpoints (Post - Check)

PS_4_Checkpoints (Post - Check) - BusM 401 Problem Set #4...

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

View Full Document Right Arrow Icon
Problem Set #4 Checkpoints Financial Instruments Note: These checkpoints are short answers intended to help you check your work as you go along. They are not full solutions, which will be posted on Blackboard after the problem set is turned in. Remember that to get full credit for problem sets you must show all your work, and the answers listed here are usually not sufficient responses to the questions. Use the following financial statements from Roxbury Corporation to answer questions 1 and 2. Financial Statements for Roxbury Corporation 2005 and 2006, in $millions INCOME STATEMENT BALANCE SHEET 2005 2006 2005 2006 Net sales $ 47,616 52,378 $ 951 1,046 Cost of goods sold 40,718 44,790 Accounts receivable 6,666 7,333 6,171 6,788 Inventories 5,236 5,760 EBIT 727 800 Net fixed assets 2,048 2,253 Interest expense 215 255 Total assets $ 14,901 16,392 Earnings before tax 512 545 Tax 154 163 Bank loan $ 392 547 Net income $ 359 382 Accounts payable 7,419 8,161 Long-term debt 2,148 2,551 Total liabilities 9,959 11,259 Common stock 1,293 1,293 Retained earnings 3,649 3,840 Total equity 4,942 5,133
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

PS_4_Checkpoints (Post - Check) - BusM 401 Problem Set #4...

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