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    Ratios

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    Selected financial data of ABCand XYZfor 2005 are presented here (in millions).
    ABC XYZ
    Corporation Stores, Inc.
    Income Statement Data for Year
    Net sales $45,845 $287,042
    Cost of goods sold 31,561 221,290
    Selling and administrative expenses 10,480 51,354
    Interest expense 570 986
    Other income (expense) 1,157 2,767
    Income tax expense 1,146 5,589
    Net income $ 3,245 $ 10,590

    Balance Sheet Data (End of Year)
    Current assets $16,322 $40,891
    Noncurrent assets 18,371 81,732
    Total assets $34,693 $122,623

    Current liabilities $ 8,220 $ 42,888
    Long-term debt 13,444 30,339
    Total stockholders' equity 13,029 49,396
    Total liabilities and stockholders' equity $34,693 $122,623

    Beginning-of-Year Balances
    Total assets $31,416 $105,405
    Total stockholders' equity 11,132 43,623
    Current liabilities 8,314 40,364
    Total liabilities 20,284 61,782

    Other Data
    Average net receivables $4,845 $ 1,485
    Average inventory 4,958 28,030
    Net cash provided by operating activities 3,821 15,044
    For each company, compute the following ratios. (Round answers to 2 decimal places, e.g. 10.50.)

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    https://brainmass.com/business/accounting/ratios-289533

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    Solution Summary

    The solution explains the calculation of some ratios

    $2.19

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