The following list of accounts were provided for Cineplex. in their Annual Report ...
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Accounting
The following list of accounts were provided for Cineplex. in their Annual Report
2020
2019
Net Sales
$1,955,067
$1,578,326
Interest expense
22,734
18,936
Income tax expense
27,490
31,327
Net Income
77,346
87,991
Total current assets
245,172
182,187
Total assets
1,955,168
1,828,186
Total current liabilities
515,324
402,039
Total liabilities
1,143,392
976,291
Total shareholders' equity
711,776
751,895
Market price per share
66.94
78.87
Number of Common Shares
563,474
563,451
Cash Dividend per share
5.50
5.60
Calculate the following Ratios for 2020
Asset Turnover
Times Interest Earned
Return on Assets
Current Ratio
Profit Margin
Return on Equity
Debt to Total Assets
Dividend Yield
b. Indicate whether each of the above ratios is a measure of liquidity (L), solvency (S), profitability (P) or market (M).
c. Interest Expense has increased by over 20%. What could be a reason why this has increased?
d. Which ratios would be most important to a bank in determining if a loan should be granted. If you were the VP of loans for the Toronto Dominion Bank would you approve a $75 million loan to this company?
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