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Assignment
Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation.
Values presented on the financial statements are in millions.
Blue Bill Corporation Balance Sheet December 31, 2011
Blue Bill Corporation Income Statement 2011
Assets
Liabilities and Shareholders' Equity
Sales
$10,495.0
Current Assets
Current liabilities
Cost of products sold
6,700.5
Cash and cash equivalents
$ 483.2
Short-term debt
$ 43.4
Gross Profit
3,794.5
Receivables (net of allowance)
1,045.1
Long-term debt due within a year
151.6
Selling and administrative expense
2,350.9
Inventories
1,249.4
Accounts payable
1,007.7
Operating income
1,443.6
Other current assets
273.5
Other accrued liabilities
972.7
Other income
(18.3)
Total current assets
3,051.2
Total current liabilities
2,175.4
Earnings before interest and taxes
1,425.3
Property, plan and equipment
Interest expense
295.2
Land
77.1
Long-term liabilities
Taxes
247.8
Buildings
842.4
Long-term debt
4,559.4
Net income
$ 882.3
Equipment
3,546.0
Deferred taxes
665.3
Less accumulated depreciation
2,373.7
Other long-term liabilities
784.2
Total property, plant and equipment
2,091.8
Total long-term liabilities
6,008.9
Other noncurrent assets
4,932.6
Shareholders' equity
1,891.3
Total assets
$10,075.6
Total liabilities and shareholders' equity
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