SCh05

# SCh05 - Student Name Instructor Class McGraw-Hill/Irwin...

This preview shows pages 1–3. Sign up to view the full content.

Student Name: Instructor Class: McGraw-Hill/Irwin Demonstration Case 5 Requirement 1: Debt-to-Assets Ratio 2008 2007 Total Liabilities \$1,900 \$2,023 Total Assets \$2,589 0.734 73.4% \$2,553 0.792 79.2% Correct! Correct! Requirement 2: Asset Turnover Ratio 2008 2007 Total Sales Revenue \$1,674 \$1,235 Average Total Assets \$2,571 0.651 \$1,790 0.690 Correct! Correct! Requirement 3: Net Profit Margin Ratio 2008 2007 Net Income \$148 \$100 Total Sales Revenue \$1,674 0.088 8.8% \$1,235 0.081 8.1% Correct! Correct!

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

View Full Document
Income Statement (Modified) (U.S. dollars in millions) For the years ended April 30 2008 2007 Total Sales Revenue \$1,674 \$1,235 Cost of Sales 537 394 Operating and Administrative Expenses 875 659 Other Expenses 39 21 Income from Operations 223 161 Interest Expense 61 21 Income before Income Tax Expense 162 140 Income Tax Expense 14 40 Net Income \$148 \$100 Balance Sheet (Modified) (U.S. dollars in millions) April 30 Assets 2008 2007 Current Assets \$448 \$421
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 03/18/2012 for the course ACC 111 taught by Professor Sobeiski during the Spring '12 term at Post.

### Page1 / 13

SCh05 - Student Name Instructor Class McGraw-Hill/Irwin...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online