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Kramerica Industries (KI) 2015 Income Statement Sales $422,045    Cost of goods sold 291,090    Depreciation 37,053 Earnings...

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)

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

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