Using the following Balance Sheet and income statement please give the following
ID: 2509783 • Letter: U
Question
Using the following Balance Sheet and income statement please give the following:
-Recievables turover ratio
-Average collection period
-Inventory turnover ratio
-Average days in invintory
-Current Ratio
-Acid-test ratio
-Debt to equity ratio
-Times interest earned ratio
-Gross profir ratio
-Return on assets
-Profit margin
-Asset turnover
-Return on equity
-Dividend yield
-Earnings per share
-Price-earnings ratio.
Thank You!
2017 Assets Current Assets Cash and cash equivalents Short-term investments Accounts receivable (net of allowance for doubtful accounts of $210 in 2017 S 6,092 6,515 7.826 2,406 6,873 7.018 and $195 in 2016) Inventories (excludes inventories of $1,187 in 2017 and $1,117 in 2016 5,096 4,299 24,766 4.866 4.389 30,614 classified in Other assets- see Note 7) Other current assets Total current assets Investments Property. Plant and Equipment (at cost) Land Buildings Machinery, equipment and office furnishings Construction in progress 365 412 11,726 11.439 14,649 14,053 2,301 29,041 16,602 12,439 18,284 14,183 6,075 27,775 15.749 12.026 Less: accumulated depreciation Goodwill Other Intangibles, Net Other Assets 17.305 S 87.872 $ 95.377 Liabilities and Equity Current Liabilities Loans payable and current portion of long-term debt Trade accounts payable Accrued and other current liabilities Income taxes payable Dividends payable s 3,057 $ 568 3,102 2,807 10,427 10.274 2,239 Total current liabilities Long-Term Debt Deferred Income Taxes Other Noncurrent Liabilities Merck & Co., Inc. Stockholders' Equity 708 1,320 18,614 21,353 2,219 24.274 5.077 Common stock, $0.50 par value Authorized 6,500,000,000 shares Issued 3,577.103,522 shares in 2017 and 2016 Other paid-in capital Retained earnings Accumulated other comprehensive loss 1,788 1.788 39,902 39,939 1,350 44.133 78,130 80,634 Less treasury stock, at cost: 880.491.914 shares in 2017 and 828,372.200 shares in 2016 43,794 40,546 Total Merck&Co.;, Inc. stockholders' equity Noncontrolling Interests 34.336 233 34.569 40.308 S 87,872 $95.377Explanation / Answer
receivable turnover ratio = net credit sales / average accounts receivable
= 40,122 / ( 6873 + 7018)
= 40,122 / 13,891
= 2.89
Average collection period = 365 / accounts receivable turnover ratio
= 365 / 2.89
= 126.3 days
Inventory turnover ratio = cost of goods sold / average inventory
= 33,601 / ( 5,096 + 4,866 )
= 3.37
Average days in inventory = ( Beginning inventory + Ending inventory ) / 2
= ( 5096+ 4866 ) / 2
= 9962
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