Prufrock Corporation Balance Sheets: Assets, Liabilities, and

School: Colorado Christian University - Course: FIN FINANCIAL - Subject: Accounting

Prufrock CorporationPrufro Balance Sheets as of December 31, 20192019 Common ($ millions) Current assetsCurrent liabilitiesTax rate Cash$98Accounts payable$344 Accounts receivable188Notes payable204Sales Inventory422Total Liabilities$548Cost of goods sold Total$708Long-term debt$457Depreciation Owners' equityEarnings before inte Fixed assetsCommon stock andInterest paid Net plant and equip$2,922paid-in surplus$510Taxable income Retained earnings$2,115Taxes Total SH Equity$2,625Net income Total assets$3,630Total liabilities and$3,630Dividends Additions to retained 12/31/2019 Shares outstanding:33 (in millions) 12/31/2019 Market Price per share:$115.00 The formulas for the following key ratios are provided in Table 3.5 on Page 63 Short-Term Solvency, or Liquidity, Measures Current ratio:1.2919708 timesCurrent Aasets/Current Liabilities Quick ratio:0.52190 times(Current Assets-Inventory)/ Current Liabilities Cash ratio:0.1788321 timesCash/Current Liabilities Long-Term Solvency Measures Total debt ratio:0.27686 times(Total Assets - Total Equity)/Total Assets Debt-equity ratio:0.25181 times(Notes Payable+Long-Term Debt)/Total SH Equity Equity multiplier:1.25181 times1+Debt/Equity RatioorTot Assets/SH Equi Times interest earned:5.25532 timesEBIT/Interest Paid Cash coverage:7.21277 times(EBIT+Depreciation)/interest expense Asset Management, or Turnover, Measures Inventory turnover:3.1848341 timesCost of Goods Sold/Inventory Days' sales in inventory:114.60565 days365/Inventory Turnover Receivables turnover:12.558511 timesSales/Accounts Receivable Days' sales in receivables:29.063956 days365/Receivables Turnover Total asset turnover:0.6504132 timesSales/Total Assets Profitability Measures Profit margin:0.2007624Net Income/Sales Return on assets (ROA):0.1305785Net Income/Assets Return on equity (ROE):0.1805714Net Income/Total Equity ROA with average assets:0.1353706Net Income/Average Assets for the Year ROE with average equity:0.192526Net Income/Average Equity for the Year Profitability Measures Earnings per share (EPS)$14.36Net income/Share outstanding Price-earnings ratio (PE)8.006 timesPrice per shares/EPS Price -sales ratio1.607 timesPrice per shares/Sales per share Market to Book ratio1.446 timesPrice/(Equity per share)