Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation Valu

profileUOPOnlineTutor
 (Not rated)
 (Not rated)
Chat
Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. 
After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation.    
Values presented on the financial statements are in millions.    
        
Blue Bill Corporation Blue Bill Corporation
Balance Sheet Income Statement
December 31, 2011 2011
Assets  Liabilities and Shareholders' Equity  Sales $10,495.0
Current Assets  Current liabilities  Cost of products sold     6,700.5
Cash and cash equivalents $     483.2 Short-term debt $      43.4 Gross Profit     3,794.5
Receivables (net of allowance)     1,045.1 Long-term debt due within a year       151.6 Selling and administrative expense     2,350.9
Inventories     1,249.4 Accounts payable     1,007.7 Operating income     1,443.6
Other current assets       273.5 Other accrued liabilities       972.7 Other income       (18.3)
Total current assets     3,051.2 Total current liabilities     2,175.4 Earnings before interest and taxes     1,425.3
Property, plan and equipment     Interest expense       295.2
Land         77.1 Long-term liabilities  Taxes       247.8
Buildings       842.4 Long-term debt     4,559.4 Net income $     882.3
Equipment     3,546.0 Deferred taxes       665.3   
Less accumulated depreciation     2,373.7 Other long-term liabilities       784.2   
Total property, plant and equipment     2,091.8 Total long-term liabilities     6,008.9   
Other noncurrent assets     4,932.6 Shareholders' equity     1,891.3   
Total assets $10,075.6 Total liabilities and shareholders' equity
 
    • 7 years ago
    A+ Solution Fresh with 100% Score!
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      copy_of_module_04_financial_statements_and_ratio_analysis_problems.xlsx