8. The following are the Balance sheet and income statements of Blockbuster Inc Blockbuster Inc....

80.2K

Verified Solution

Question

Accounting

image

image

8. The following are the Balance sheet and income statements of Blockbuster Inc Blockbuster Inc. Balance Sheet for year-ended Dec 31 (5000s) ASSETS Year 1 Year 2 Cash 194,200 200,200 Accounts Receivables 185,800 150,000 Inventory 242,200 202,900 Other Current Assets 177.300 163,300 Total Current Assets 799,500 716,400 Fixed Assets Long Term Investments 214,100 159,500 PP&E 1,079,400 909,000 Goodwill 6,455.900 5.967,500 Total Fixed Assets 7.749.400 7.036.000 Total Assets 8,548,900 7,752,400 LIABILITIES AND SHAREHOLDERS EQUITY Accounts Payable 1,090,400 1,087,400 Short-term Debt 32.800 181,400 Total Current Liabilities 1,123,200 1,268,800 Long-term Debt 1.417,300 734.900 Total Liabilities 2,540,500 2,003,700 Shareholders' Equity Common Stock 6,095,200 6,075,800 Retained Earnings -86,800 -327.100 Total Stockholder Equity 6.008.400 5.748.700 Total Liabilities and Shareholders' Equity 8,548,900 7,752,400 Sales COGS SG&A Depreciation Amortization of Intangibles Operating Income (Loss) Interest Expense Income Before Tax Income Tax Expense Net Income Blockbuster Inc. Income Statement for year-ended Dec 31 (5000s) Year 1 Year 2 4,969,100 5,157,600 2,036,000 2,420,700 2,390.600 2,532,400 279,000 246,600 180.100 176,100 83,400 -218,200 116.500 78.200 -33,100 -296,400 45.400 -56.100 -78,500 -240,300 a. Create a common size balance sheet and income statement b. Find the following: i. ROE 11. ROA iii. Gross profit margin iv. Operating Profit Margin Net Profit Margin vi. Current Ratio Quick Ratio viii. Inventory turnover ix. Accounts receivable Turnover Total Asset Turnover Debt Ratio X11 Debt to Equity Ratio Xili. Times interest Earned vii. X

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students