In: Finance
Kramerica Industries (KI) 2015 Income Statement |
|
Sales |
$422,045 |
Cost of goods sold |
291,090 |
Depreciation |
37,053 |
Earnings before interest and taxes |
$93,902 |
Interest expense |
16,400 |
Earnings before taxes |
$77,502 |
Taxes |
27,126 |
Net income |
$50,376 |
Dividends |
|
Additions to retained earnings |
Kramerica Industries (KI) |
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2014 and 2015 Balance Sheets |
|||||
2014 |
2015 |
2014 |
2015 |
||
Cash |
$26,450 |
$29,106 |
Accounts payable |
$61,722 |
$69,426 |
Accounts receivable |
13,693 |
18,282 |
Long-term debt |
95,000 |
110,000 |
Inventory |
27,931 |
32,586 |
Common stock |
45,000 |
45,000 |
Net fixed assets |
357,165 |
398,345 |
Retained earnings |
223,517 |
253,893 |
Total assets |
$425,239 |
$478,319 |
Total liabilities and equity |
$425,239 |
$478,319 |
KI's sustainable growth rate is _____.
a. |
11.31% |
|
b. |
4.26% |
|
c. |
15.28% |
|
d. |
3.87% |
KI's total debt ratio in 2015 is _____.
a. |
50.45% |
|
b. |
37.51% |
|
c. |
55.07% |
|
d. |
32.98% |
KI's times interest earned ratio is _____.
a. |
9.43% |
|
b. |
5.73 |
|
c. |
5.73% |
|
d. |
9.43 |
KI's operating cycle is _____.
a. |
224.99 days |
|
b. |
56.67 days |
|
c. |
73.82 days |
|
d. |
163.66 days |
KI's cash cycle is _____.
a. |
-30.38 days |
|
b. |
3.44 days |
|
c. |
69.37 days |
|
d. |
92.03 days |