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Kramerica Industries (KI) |
2021 Income Statement (all numbers in millions) |
Sales | 1563.7 |
Cost of goods sold | 1081.1 |
Selling & administrative expenses | 231.1 |
Depreciation | 83.1 |
Earnings before interest and taxes | ? |
Interest expense | 5.6 |
Earnings before taxes | ? |
Taxes | 44.3 |
Net income | ? |
| |
Dividends | ? |
Additions to retained earnings | ? |
Kramerica Industries (KI) |
2020 and 2021 Balance Sheets (all numbers in millions) |
| 2020 | 2021 | | 2020 | 2021 |
Cash | 46.5 | 309.8 | Accounts payable | 346 | 377.8 |
Accounts receivable | 268.8 | 306.2 | Long-term debt | 305.6 | 574 |
Inventory | 372.7 | 423.8 | Common stock | 892.9 | 869.6 |
Net fixed assets | 805.8 | 849.4 | Retained earnings | -50.7 | 67.8 |
| | | | | |
Total assets | ? | ? | Total liabilities and equity | ? | ? |
7. KI's equity multiplier in 2021 is
8. If KI has 54.57 million shares outstanding and the stock is sold for $48.61 per share at the end of 2021, its PE ratio is _____.
9. KI's quick ratio in 2021 is
10. KI's total asset turnover in 2021 is _____.
11. If KI has 54.57 million shares outstanding and the stock is sold for $48.61 per share at the end of 2021, its market-to-book ratio is _____.
12. KI's sustainable growth rate in 2021 is _____.
Answer & Explanation
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