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28 Sep 2019
Using the 10K https://www.chevron.com/-/media/chevron/annual-report/2016/2016-Annual-Report.pdf
Find the following ratios for Chevron for 2015
Current Ratio
Current Ratio = Current Assets / Current Liabilities
Quick Ratio
Quick ratio = (current assets â inventories) / current liabilities
Return on Equity
Return on Equity = Net Income/Shareholder's Equity
Debt-to-Equity Ratio
Debt - Equity Ratio = Total Liabilities / Shareholders' Equity
Inventory Turnover
Inventory Turnover= Sales/ Average Inventory
Earning per share
Earning per share= (Net Income -Dividends on Preferred Stocks)/ Average Outstanding Shares
Gross Margin
Gross Margin= (Revenue-Cost of Goods Sold)/Revenue
Price earning Ratio
Price earning Ratio= Market Value per Share / Earnings per Share
Return on Assets
Return on Assets= Net Income/Total Assets
Times Interest Earned
Times Interest Earned= EBIT/Total interest payable on bonds and other contractual debt.
Using the 10K https://www.chevron.com/-/media/chevron/annual-report/2016/2016-Annual-Report.pdf
Find the following ratios for Chevron for 2015
Current Ratio
Current Ratio = Current Assets / Current Liabilities
Quick Ratio
Quick ratio = (current assets â inventories) / current liabilities
Return on Equity
Return on Equity = Net Income/Shareholder's Equity
Debt-to-Equity Ratio
Debt - Equity Ratio = Total Liabilities / Shareholders' Equity
Inventory Turnover
Inventory Turnover= Sales/ Average Inventory
Earning per share
Earning per share= (Net Income -Dividends on Preferred Stocks)/ Average Outstanding Shares
Gross Margin
Gross Margin= (Revenue-Cost of Goods Sold)/Revenue
Price earning Ratio
Price earning Ratio= Market Value per Share / Earnings per Share
Return on Assets
Return on Assets= Net Income/Total Assets
Times Interest Earned
Times Interest Earned= EBIT/Total interest payable on bonds and other contractual debt.
Beverley SmithLv2
28 Sep 2019
Related questions
| E13-5 Matching Each Ratio with Its Computational Formula LO 13-4, 13-5, 13-6, 13-7 | |||||||
| Match each definition with its related ratios or percentages by selecting the appropriate letter in the drop down provided. | |||||||
| Definitions: | Ratios or Percentages | Definitions | |||||
| A. | Net Income (before extraordinary items) ÷ Net Sales | 1 | Profit margin | ||||
| B. | Days in Year ÷ Receivable Turnover ratio | 2 | Inventory turnover ratio | ||||
| C. | Net Income ÷ Average Stockholdersâ Equity | 3 | Average collection period | ||||
| D. | Net Income ÷ Average Number of Shares of Common Stock Outstanding | 4 | Dividend yield ratio | ||||
| E. | Return on Equity â Return on Assets | 5 | Return on equity | ||||
| F. | Quick Assets ÷ Current Liabilities | 6 | Current ratio | ||||
| G. | Current Assets ÷ Current Liabilities | 7 | Debt-to-equity ratio | ||||
| H. | Cost of Goods Sold ÷ Average Inventory | 8 | Price/earnings ratio | ||||
| I. | Net Credit Sales ÷ Average Net Receivables | 9 | Financial leverage percentage | E | |||
| J. | Days in Year ÷ Inventory Turnover Ratio | 10 | Receivable turnover ratio | ||||
| K. | Total Liabilities ÷ Stockholdersâ Equity | 11 | Average daysâ supply of inventory | ||||
| L. | Dividends per Share ÷ Market Price per Share | 12 | Earnings per share | ||||
| M. | Market Price per Share ÷ Earnings per Share | 13 | Return on assets | ||||
| N. | [Net Income + Interest Expense (net of tax)] ÷ Average Total Assets | 14 | Quick ratio | ||||
| O. | Cash from Operating Activities (before interest and taxes) ÷ Interest Paid | 15 | Times interest earned | ||||
| P. | Net Sales Revenue ÷ Net Fixed Assets | 16 | Cash coverage ratio | ||||
| Q. | (Net Income + Interest Expense + Income Tax Expense) ÷ Interest Expense | 17 | Fixed asset turnover ratio | ||||
| Millions of USD (except for per share items) | 2015 | 2014 | |
| Sales | $ 114,826 | $ 114,960 | |
| Cost of Goods Sold | 86,483 | 86,714 | |
| Gross Profit | 28,343 | 28,246 | |
| Selling/General/Admin. Expenses, Total | 22,663 | 22,053 | |
| Operating Income | 5,680 | 6,193 | |
| Interrest and Taxes | 2,336 | 2,600 | |
| Net Income | $ 3,344 | $ 3,593 | |
| Market Price/Share | $ 65.68 | $ 84.26 | |
| Shares Outstanding | 3,210 | 3,210 |
| Millions of USD (except for per share items) | As of 2015 | As of 2014 |
| Cash & Equivalents | $ 7,759 | $ 6,012 |
| Total Receivables, Net | 5,813 | 6,096 |
| Total Inventory | 46,310 | 45,315 |
| Prepaid Expenses | 2,251 | 1,811 |
| Total Current Assets | 62,133 | 59,687 |
| Property/Plant/Equipment, Total - Gross | 138,614 | 142,830 |
| Total Assets | $ 200,747 | $ 202,517 |
| Accounts Payable | 37,224 | 36,347 |
| Accrued Expenses | 18,685 | 17,807 |
| Notes Payable/Short Term Debt | 799 | 3,517 |
| Current Port. of LT Debt/Capital Leases | 6,468 | 3,566 |
| Other Current liabilities, Total | 6,448 | 6,684 |
| Total Current Liabilities | 69,624 | 67,921 |
| Total Long Term Debt | 42,964 | 48,233 |
| Deferred Income Tax | 8,169 | 8,164 |
| Minority Interest | 3,416 | 5,111 |
| Total Liabilities | 124,173 | 129,429 |
| Total Equity | 76,574 | 73,088 |
| Total Liabilities & Shareholders' Equity | 200,747 | 202,517 |
| - | - | |
| Total # Common Shares Outstanding | $ 3,227 | $ 3,230 |
| Category | Two Ratios from Each Category | Ratio | Formula | 2015 | 2014 | |
| Liquidity | Current and Quick Ratio | Current | Current Assests/Current Liabilites | |||
| Quick | (CA - Inventories)/Current Liabilites | |||||
| Asset Management | Total Assets Turnover, Total Fixed Asset Turnover | Total Assets Turnover, | Sales/Total Assets | |||
| Total Fixed Asset Turnover | Sales/Total Fixed Assets | |||||
| Debt Management | Debt to Assets and Debt to Equity | Debt to Assets | Total Liabilities / Total Assests | |||
| Debt to Equity | Total Liabilities / Common Stockholders Equity | |||||
| Profitability Ratio | Return on Assets and Return on Equity | Return on Assets | Net Income/Total Assets | |||
| Return on Equity | Net Income/Common Equity | |||||
| Market Ratio | Earnings Per Share and Price to Earnings Ratio | Earnings Per Share | Net Income / Common Shares Outstanding | |||
| Price to Earnings Ratio | Market Price of Shares/Earning Per Share |
