Problem 4-23
Ratio Analysis
Data for Barry Computer Co and its industry averages follow
Barry Computer Company: | |||
Balance Sheet as of December 31, 2014 (In Thousands) | |||
Cash | $142,290 | Accounts payable | $158,100 |
Receivables | 632,400 | Other current liabilities | 142,290 |
Inventories | 379,440 | Notes payable | 79,050 |
Total current assets | $1,154,130 | Total current liabilities | $379,440 |
Long-term debt | $316,200 | ||
Net fixed assets | 426,870 | Common equity | 885,360 |
Total assets | $1,581,000 | Total liabilities and equity | $1,581,000 |
Barry Computer Company: Income Statement for Year Ended December 31, 2014 (In Thousands) |
||
Sales | $2,550,000 | |
Cost of goods sold | ||
Materials | $1,045,500 | |
Labor | 739,500 | |
Heat, light, and power | 127,500 | |
Indirect labor | 229,500 | |
Depreciation | 127,500 | $2,269,500 |
Gross profit | $280,500 |
Selling expenses | 127,500 |
General and administrative expenses | 76,500 |
Earnings before interest and taxes (EBIT) | $76,500 |
Interest expense | 37,944 |
Earnings before taxes (EBT) | 38,556 |
Federal and state income taxes (40%) | 15,422 |
Net income | $23,134 |
Ratio | Barry | Industry Average |
Current | ______x | 301x |
Quick | _______x | 202x |
Days sales outstandinga | _______days | 4230days |
Inventory turnover | _______x | 705x |
Total assets turnover | _______x | 182x |
Profit margin | ______% | 085% |
ROA | ______% | 154% |
ROE | ______ % | 290% |
ROIC | _____ % | 740% |
TIE | _____x | 310x |
Debt/Total capital | ______ % | 4850% |
aCalculation is based on a 365-day year
FIRM | INDUSTRY | |
Profit margin | ____% | 085% |
Total assets turnover | _____ x | 182x |
Equity multiplier |
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