A+ Solution Fresh with 100% Score!

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

A+ Solution Fresh with 100% Score!

NOT RATED

Purchase the answer to view it