60.1K
Verified Solution
Link Copied!
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 | ? | ? |
2. KI's cash flow to stockholders in 2021 is
3. KI's cash flow to creditors in 2021 is _____.
4. KI's internal growth rate in 2021 is _____.
5. KI's current ratio in 2021 is
6. KI's profit margin in 2021 is
Answer & Explanation
Solved by verified expert