ACCT 2220 Lecture 2: Chapter 2.docx
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4 May 2015
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20 Points | The Clark W Grizwald Holiday Company reported thefollowing financial information for its most recent fiscalyear: | ||||||
Income Statement, for Fiscal Year 2013 | Complete the following table: | ||||||
(in millions) | |||||||
Revenues | $2,500 | Return on assets | |||||
Cost of goods sold | $1,000 | Return on equity | |||||
Selling, general, and administrative expenses | $255 | Gross profit margin | |||||
Earnings before interest and taxes | $1,245 | Net profit margin | |||||
Interest expense | $75 | Equity multiplier | |||||
Earnings before taxes | $1,170 | Dividend yield | |||||
Taxes | $75 | Debt-equity ratio | |||||
Net income | $1,095 | Days sales outstanding | |||||
Inventory turnover | |||||||
Balance Sheet, as of December 31, 2013 | Receivables turnover | ||||||
(in millions) | |||||||
Cash and cash equivalents | $65 | ||||||
Accounts receivable | $55 | ||||||
Inventory | $195 | ||||||
Net plant, property, and equipment | $1,250 | ||||||
Intangible assets | $100 | ||||||
Total assets | $1,665 | ||||||
Current liabilities | $165 | ||||||
Long-term debt | $500 | ||||||
Shareholders' equity | $1,350 | ||||||
Total liabilities and shareholders' equity | $2,015 | ||||||
Additonal information available for the company isalso available: | |||||||
(in millions) | |||||||
Market value of equity | $700 | ||||||
Market value of debt | $400 | ||||||
Dividends | $30 | ||||||
Number of shares outstanding | 10 |