Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

FINANCIAL INFORMATION LINK : https://www.sec.gov/Archives/edgar/data/1111928/000

ID: 2402295 • Letter: F

Question

FINANCIAL INFORMATION LINK : https://www.sec.gov/Archives/edgar/data/1111928/000111192818000034/ipgp-20171231x10k.htm#sBB98AE063457A096E358C71AC54098B3

Working Capital s 1555107000 Current Ratio (8.80 Quick (Acid Test) Ratio 6.8 Accounts Receivable Turno72 times per year Days' Sales in Receivables 50.days Inventory Turnover | 2.2 V times per year Days' Sales in Inventory 263days Net Assets $2022322000 Debt Ratio 0.1 Ratio of Liabilities to Stockholders' Equity 10.2 I Ratio of Fixed Assets to Long-Term Liabilities (327 Times Interest Earned | 40 | Gross Profit Percent (Gross Profit Margin) Ls6.6J Markup Percent | 130.2 % Return on Sales (Operating Profit Margin) | 24.7 | % Asset Turnover 24.7 X Return on Total Assets 53 %

Explanation / Answer

Correction of Wrong submissions :

times interest earned = interest expense / EBIT = 737 / 51112 = 1.44 Return on Sales (Operating profit) = Operating profit / sales = 551112/1408889 =39.12% Asset Turnover = Sales / Total Assets = 1408889 / 2367255 = 0.60 Return on Total Assets = NI / Total Assets = 347588 / 2367255 = 14.68% Income before income taxes + Interest expense = 551871+737= $552608 ($'000) Average long term operating Assets Def income taxes 26976+Gw 55831+ Intangi 51223 + PPE 460206 = $594236 ($'000) Net Income - Preferred Dividends = $347488 ($'000)