Compute the debt ratio from the data shown below: Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) 2007 $1,290 9,890 13,760 $24,940 $18,060 $43,000 $8,170 6,020 4.730 $18,920 $8,815 $27.735 $5,805 2.460 $15.265 $43,000 2007 $51.600 48,246 903 $2.451

Personal Finance
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ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter3: Financial Statements, Tools, And Budgets
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Income Statement (Millions of $)
Net sales
Operating costs except depreciation
Depreciation
Earnings bef interest and taxes (EBIT)
Less interest
Earnings before taxes (EBT)
Taxes
Net income
Other data:
Shares outstanding (millions)
Common dividends (millions of $)
Int rate on notes payable & L-T bonds
Federal plus state income tax rate
Year-end stock price
49.67%
64.50%
65.15%
76.11%
78.05%
2007
$51,600
48,246
903
$2,451
927
$1,524
533
$990
500.00
$346.67
6.25%
35%
$23.77
Transcribed Image Text:Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 49.67% 64.50% 65.15% 76.11% 78.05% 2007 $51,600 48,246 903 $2,451 927 $1,524 533 $990 500.00 $346.67 6.25% 35% $23.77
Compute the debt ratio from the data shown below:
Balance Sheet (Millions of $)
Assets
Cash and securities
Accounts receivable
Inventories
Total current assets
Net plant and equipment
Total assets
Liabilities and Equity
Accounts payable
Notes payable
Accruals
Total current liabilities
Long-term bonds
Total debt
Common stock
Retained earnings
Total common equity
Total liabilities and equity
Income Statement (Millions of $)
Net sales
Operating costs except depreciation
Depreciation
Earnings bef interest and taxes (EBIT)
2007
$1,290
9,890
13,760
$24,940
$18,060
$43.000
$8,170
6,020
4.730
$18,920
$8,815
$27.735
$5,805
2.460
$15.265
$43,000
2007
$51.600
48,246
903
$2,451
K
Transcribed Image Text:Compute the debt ratio from the data shown below: Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) 2007 $1,290 9,890 13,760 $24,940 $18,060 $43.000 $8,170 6,020 4.730 $18,920 $8,815 $27.735 $5,805 2.460 $15.265 $43,000 2007 $51.600 48,246 903 $2,451 K
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