2012 Assets Cash & Short-term Investments 6,619.0 Total Receivables, Net 7,041.0
ID: 2731553 • Letter: 2
Question
2012
Assets
Cash & Short-term Investments
6,619.0
Total Receivables, Net
7,041.0
Total Inventory
3,581.0
Prepaid Expenses
1,479.0
Other Current Assets, Total
0.0
Total Current Assets
18,720.0
Property/Plant/Equipment, Total, Net
19,136.0
Goodwill, Net
16,971.0
Intangibles, New
16,525.0
Long-term Investments
2,351.0
Note Receivable, Long-term
136.0
Other Long-term Assets, Total
799.0
Total Assets
74,638.0
Liabilities & SEquity
Accounts Payable
4,451.0
Payable/Accrued
0.0
Accrued Expenses
3,892.0
Notes Payable/Short-term Debt
4,815.0
Current Port. Of LT Debt/Capital Leases
0.0
Other Current Liabilities, Total
3,931.0
Total Current Liabilities
17,089.0
Total Long-term Debt
23,544.0
Deferred Income Tax
5,063.0
Minority Interest
105.0
Other Liabilites, Total
6,543.0
Total Liabilities
52,344.0
Redeemable Preferred Stock
0.0
Preferred Stock, Non-Redeemable, Net
-(123.0)
Common Stock
26.0
Additional Paid-In Capital
4,178.0
Retained Earnings
43,158.0
Treasury Stock, Common
-(19,458.0)
ESOP Debt Guarantee
0.0
Unrealized Gain (Loss)
0.0
Other SEquity, Total
-(5,487.0)
Total SEquity
22,294.0
Total Liabilities & SEquity
74,638.0
Total Common Shares Outstanding
1,544.0
Total Preferred Shares Outstanding
0.8
Find the following:
Leverage Ratios
3. Debt-to-total-assets ratio
4. Debt-to-equity ratio
5. Long-term debt-to-equity ratio
6. Times-earned-interest ratio
2012
Assets
Cash & Short-term Investments
6,619.0
Total Receivables, Net
7,041.0
Total Inventory
3,581.0
Prepaid Expenses
1,479.0
Other Current Assets, Total
0.0
Total Current Assets
18,720.0
Property/Plant/Equipment, Total, Net
19,136.0
Goodwill, Net
16,971.0
Intangibles, New
16,525.0
Long-term Investments
2,351.0
Note Receivable, Long-term
136.0
Other Long-term Assets, Total
799.0
Total Assets
74,638.0
Liabilities & SEquity
Accounts Payable
4,451.0
Payable/Accrued
0.0
Accrued Expenses
3,892.0
Notes Payable/Short-term Debt
4,815.0
Current Port. Of LT Debt/Capital Leases
0.0
Other Current Liabilities, Total
3,931.0
Total Current Liabilities
17,089.0
Total Long-term Debt
23,544.0
Deferred Income Tax
5,063.0
Minority Interest
105.0
Other Liabilites, Total
6,543.0
Total Liabilities
52,344.0
Redeemable Preferred Stock
0.0
Preferred Stock, Non-Redeemable, Net
-(123.0)
Common Stock
26.0
Additional Paid-In Capital
4,178.0
Retained Earnings
43,158.0
Treasury Stock, Common
-(19,458.0)
ESOP Debt Guarantee
0.0
Unrealized Gain (Loss)
0.0
Other SEquity, Total
-(5,487.0)
Total SEquity
22,294.0
Total Liabilities & SEquity
74,638.0
Total Common Shares Outstanding
1,544.0
Total Preferred Shares Outstanding
0.8
Explanation / Answer
3. Debt-to-total-assets ratio =52344.0/74638.0=0.70
4. Debt-to-equity ratio=52344.0/22294.0=2.34
5. Long-term debt-to-equity ratio=23544.0/22294.0=1.05
6. Times-earned-interest ratio=EBITA/Interest Payable. ( Since the Profit & Loss Statement is not given in the question , this ratio can't be calculated)
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