Explore overall financial health of blue bill corporation

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Reference no: EM131176995

Ratio Analysis

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

Assets

 

Liabilities and Shareholders' Equity

 

Current Assets

 

Current liabilities

 

Cash and cash equivalents

$ 483.2

Short-term debt

$ 43.4

Receivables (net of allowance)

1,045.1

Long-term debt due within a year

151.6

Inventories

1,249.4

Accounts payable

1,007.7

Other current assets

273.5

Other accrued liabilities

972.7

Total current assets

3,051.2

Total current liabilities

2,175.4

Property, plan and equipment

 

 

 

Land

77.1

Long-term liabilities

 

Buildings

842.4

Long-term debt

4,559.4

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


Blue Bill Corporation
Income Statement 2011

Sales

$10,495.0

Cost of products sold

6,700.5

Gross Profit

3,794.5

Selling and administrative expense

2,350.9

Operating income

1,443.6

Other income

(18.3)

Earnings before interest and taxes

1,425.3

Interest expense

295.2

Taxes

247.8

Net income

$ 882.3

Reference no: EM131176995

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