Sales $Mil 1,750 2,093 2,128 2,487 2,688 2,633 Operating Income $Mil 309 329 359
ID: 2350667 • Letter: S
Question
Sales $Mil
1,750
2,093
2,128
2,487
2,688
2,633
Operating Income $Mil
309
329
359
405
397
329
Income Tax $Mil
124
104
116
127
129
109
Net Income $Mil
186
214
243
290
266
232
Earnings/Share $
1.99
2.25
2.61
3.11
2.86
2.57
EPS (Cont Ops) $
2.00
2.30
2.60
3.10
2.90
2.60
Dividends/Share $
0.28
0.36
0.45
0.68
0.80
0.60
Total Shares Mil
94
93
92
92
92
90
Cash Flow $Mil
Fiscal year-end: 1
TTM = Trailing 12 Months
2010
2011
2012
TTM
Operating Cash Flow
358
346
364
321
- Capital Spending
82
125
125
116
= Free Cash Flow
276
221
240
205
Balance Sheet
Assets
$Mil
Cash
272.0
Other Current Assets
811.0
Long-Term Assets
598.0
Total
1,681.1
Liabilities and Equity
$Mil
Current Liabilities
386.8
Long-Term Liabilities
243.4
Shareholders' Equity
1,050.8
Total
1,681.1
These are the questions that need to be answered base on the financial statement above.
1. Does the company use job order or process costing?
2.What are the direct materials for the company? List
3.What would the company's manufacturing overhead be comprised of? List
4. What are the company's period expenses? List
Sales $Mil
1,750
2,093
2,128
2,487
2,688
2,633
Operating Income $Mil
309
329
359
405
397
329
Income Tax $Mil
124
104
116
127
129
109
Net Income $Mil
186
214
243
290
266
232
Earnings/Share $
1.99
2.25
2.61
3.11
2.86
2.57
EPS (Cont Ops) $
2.00
2.30
2.60
3.10
2.90
2.60
Dividends/Share $
0.28
0.36
0.45
0.68
0.80
0.60
Total Shares Mil
94
93
92
92
92
90
Explanation / Answer
1.Products like clothing, repair shops and hospitals all use a form of job-order. 2.A direct materials inventory is a count of how much of a component of a product the company has on hand. For example, a clothing company may count how much of each type of fabric it uses or each type of thread it has available 3. the property tax on the factory building
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