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Business, 13.06.2020 21:57 jellyangie1

Barry Computer Company: Balance Sheet as of December 31, 2016 (In Thousands) Cash $88,500 Accounts payable $95,875 Receivables 228,625 Other current liabilities 103,250 Inventories 199,125 Notes payable to bank 66,375 Total current assets $516,250 Total current liabilities $265,500 Long-term debt $147,500 Net fixed assets 221,250 Common equity 324,500 Total assets $737,500 Total liabilities and equity $737,500 Barry Computer Company: Income Statement for Year Ended December 31, 2016 (In Thousands) Sales $1,250,000 Cost of goods sold Materials $612,500 Labor 262,500 Heat, light, and power 75,000 Indirect labor 62,500 Depreciation 25,000 1,037,500 Gross profit $ 212,500 Selling expenses 137,500 General and administrative expenses 12,500 Earnings before interest and taxes (EBIT) $ 62,500 Interest expense 17,700 Earnings before taxes (EBT) $ 44,800 Federal and state income taxes (40%) 17,920 Net income $ 26,880 Calculate the indicated ratios for Barry. Round your answers to two decimal places. Ratio Barry Industry Average Current x 1.87x Quick x 1.16x Days sales outstandinga days 31.20 days Inventory turnover x 6.59x Total assets turnover x 2.02x Profit margin % 2.01% ROA % 4.05% ROE % 8.81% ROIC % 7.10% TIE x 3.50x Debt/Total capital % 40.63% aCalculation is based on a 365-day year. Construct the DuPont equation for both Barry and the industry. Round your answers to two decimal places. FIRM INDUSTRY Profit margin % 2.01% Total assets turnover x 2.02x Equity multiplier x x

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Barry Computer Company: Balance Sheet as of December 31, 2016 (In Thousands) Cash $88,500 Accounts p...
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