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Question - The balance sheet and income statement shown below are for Primax Limited.
Balance Sheet (Millions of $)
Assets
2021
Cash and cash equivalents
$3,554.0
Prepayments
1,500.0
Accounts receivable
12,660.0
Inventories
16,440.0
Total current assets
$34,154.0
Long-term investments
8,500.0
Net plant and equipment
38,346.0
Total assets
$81,000.0
Liabilities and Equity
Accounts payable
$9,980.0
Notes payable
11,880.0
Accruals
4,620.0
Current maturities of long-term debt
3,500.0
Total current liabilities
$29,980.0
Long-term bonds
16,920.0
Total liabilities
$46,900.0
Common stock
9,360.0
Retained earnings
24,740.0
Total common equity
$34,100.0
Total liabilities and equity
Income Statement (Millions of $) 2021
Net sales
$98,800.0
Operating costs except depreciation
$65,274.0
Depreciation
$ 7,029.0
Earnings before interest and taxes (EBIT)
$26,497.0
Less interest
5,050.0
Earnings before taxes (EBT)
$21,447.0
Taxes
$4,314.0
Net income
$17,133.0
Other data:
Shares outstanding (millions)
175.00
Common dividends
$1,509.83
Interest rate on notes payable & Long-Term bonds
6.25%
Income tax rate
21.7%
Year-end stock price
$117.69
Required -
1. What is the firm's current ratio?
2. What is the firm's net operating profit after taxes (NOPAT)?
3. What is the firm's total assets turnover (ATO)?
4. What is the firm's Times Interest Earned (TIE) multiple?
5. What is the firm's debt ratio (i.e., debt-to-assets ratio)?
6. What is the firm's basic earning power (BEP) ratio?
7. What is the firm's equity multiplier?
8. What is the firm's P/E ratio?
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