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Ratios

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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Solution Summary

The solution explains the calculation of some ratios

$2.19