80.2K

Verified Solution

Link Copied!

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 401	$ 382
Receivables, net	569	519
Inventories, net	443	385
Other current assets	72	143
Total current assets	1,485	1,429
Property, plant and equipment, net	906	918
Goodwill	1,197	1,067
Trademarks, net	657	535
Other intangible assets, net	78	50
Other assets	195	165
Total assets	4,518	4,164
Current liabilities
Notes and loans payable	523	95
Current maturities of long-term debt	0	300
Accounts payable and accrued liabilities	1,035	979
Income taxes payable	0	31
Total current liabilities	1,558	1,405
Long-term debt	1,797	1,796
Other liabilities	784	750
Deferred income taxes	82	95
Total liabilities	4,221	4,046
Commitments and contingencies
Stockholders' equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued as of June 30, 2016 and 2015; and 129,355,263 and 128,614,310 shares outstanding as of June 30, 2016 and 2015, respectively	159	159
Additional paid-in capital	868	775
Retained earnings	2,163	1,923
Treasury shares, at cost: 29,386,198 and 30,127,151 shares as of June 30, 2016 and 2015, respectively	(2,323)	(2,237)
Accumulated other comprehensive net (losses) income	(570)	(502)
Total stockholders' equity	297	118
Total liabilities and stockholders' equity	$ 4,518	$ 4,164
CONSOLIDATED STATEMENT OF EARNINGS - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 5,761	$ 5,655
Cost of products sold	3,163	3,190
Gross profit	2,598	2,465
Selling and administrative expenses	806	798
Advertising costs	587	523
Research and development costs	141	136
Interest expense	88	100
Other (income) expense, net	(7)	(13)
Operationing Income	983	921
Income taxes on continuing operations	335	315
Earnings from continuing operations	648	606
Losses from discontinued operations, net of tax	0	(26)
Net Income	$ 648	$ 580
Tax rate	35%
	2015
Net Profit Margin
Average Total Assets
Total Asset Turnover
Return on Assets
Dupont Return on Assets
Operating Income Margin
Return on Investment
Return on Equity
Gross Profit Margin
Provide the following nine ratio amounts for 2015 above.

Answer & Explanation Solved by verified expert

See Answer