P13-5B Selected financial data for Stanley Black & Decker, Inc. and Snap-On Tools for 2009 are presented here (in millions).
rubyCpaMbaSelected financial data for Stanley Black & Decker, Inc. and Snap-On Tools for 2009 are presented here (in millions).
| Stanley Black & Decker | Snap-On Tools |
| Income Statement Data for Year | |
Net sales | $3,737.1 | $2,420.8 |
Cost of goods sold | 2,228.8 | 1,345.7 |
Selling and administrative expenses | 1,208.2 | 824.4 |
Interest expense | 63.7 | 47.7 |
Other income (loss) | 42.4 | (6.1) |
Income tax expense | 54.5 | 62.7 |
Net income | $ 224.3 | $ 134.2 |
| Balance Sheet Data (End of Year) | |
Current assets | $1,411.9 | $1,676.1 |
Property, plant, and equipment (net) | 575.9 | 347.8 |
Other assets | 2,781.3 | 1,423.5 |
Total assets | $4,769.1 | $3,447.4 |
Current liabilities | $1,192.0 | $ 739.9 |
Long-term debt | 1,591.0 | 1,417.5 |
Total stockholders’ equity | 1,986.1 | 1,290.0 |
Total liabilities and stockholders’ equity | $4,769.1 | $3,447.4 |
| Beginning-of-Year Balances | |
Total assets | $4,866.6 | $2,710.3 |
Total stockholders’ equity | 1,706.3 | 1,186.5 |
Current liabilities | 1,193.2 | 547.5 |
Total liabilities | 3,160.3 | 1,523.8 |
| Other Data | |
Average receivables (net) | $ 604.9 | $ 612.7 |
Average inventory | 440.5 | 316.9 |
Net cash provided by operating activities | 539.4 | 347.1 |
Capital expenditures | 72.9 | 64.4 |
Cash dividends | 103.6 | 69.0 |
Instructions
(a) For each company, compute the following ratios.
(1) Current ratio.
(2) Receivables turnover.
(3) Average collection period.
(4) Inventory turnover.
(5) Days in inventory.
(6) Profit margin.
(7) Asset turnover.
(8) Return on assets.
(9) Return on common stockholders’ equity.
(10) Debt to total assets.
(11) Times interest earned.
(12) Current cash debt coverage.
(13) Cash debt coverage.
(14) Free cash flow.
13 years ago
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stanley-snap_on_--__p13-5b.xlsx
