Reference no: EM132068176

Question 1

In its most recent annual report Leggett & Platt reported sales of $19,172 million and cost of goods sold of $10,728 million. It also reported inventory of $783 million at the beginning of the year and inventory of $601 million at the end of the year. Calculate the inventory turnover ratio. Present your answer to one decimal place. e.g. 20.0.

Question 2

KRJ Enterprises reported the following information for fiscal 2017 and 2016. What are the company's average net operating assets for 2017?

December 31	2017	2016
Operating assets	$81,891	$83,167
Operating liabilities	$56,055	$45,223

Question 3

KRJ Enterprises reported the following information for fiscal 2017 and 2016. What was the average amount of invested capital for 2017?

December 31	2017	2016
Short-term debt	$1,113	$971
Long-term debt	$2,437	$1,939
Stockholders' equity	$3,740	$3,900

Question 4

KRJ Enterprises reported the following information for fiscal 2017. What was the company's return on invested capital for 2017? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Average short-term debt	$20,656
Average long-term debt	$39,113
Average equity	$67,332
Earnings before interest and taxes	$31,718
Tax rate	$35%

Question 5

In its most recent annual report Leggett & Platt reported sales of $6,100 million. It reported total current assets of $657 million at the beginning of the year and total current assets of $463 million at the end of the year, and total current liabilities of $220 million at the beginning of the year and total current liabilities of $210 million at the end of the year. Calculate the working capital turnover ratio. Present your answer to one decimal place. e.g. 20.0.

Question 6

In its most recent annual report Leggett & Platt reported sales of $12,174 million. It also reported accounts receivable of $986 million at the beginning of the year and accounts receivable of $908 million at the end of the year. Calculate the accounts receivable turnover ratio. Present your answer to one decimal place. e.g. 20.0.

Question 7

Using the following financial statement data, calculate total operating assets.

Cash	$164
Short-term investments	$283
Accounts receivable	$317
Inventory	$482
Other current assets	$172
Fixed assets (net)	$1,045
Intangible assets	$220
Long-term investments	$329
Other noncurrent assets	$63
Short-term debt	$143
Accounts payable	$343
Accrued liabilities	$293
Other current liabilities	$104
Long-term debt	$939
Other long-term liabilities	$179
Stockholders' equity	$253

Question 8

Using the following financial statement data, calculate total operating liabilities.

Cash	$148
Short-term investments	$241
Accounts receivable	$384
Inventory	$419
Other current assets	$237
Fixed assets (net)	$1,014
Intangible assets	$153
Long-term investments	$322
Other noncurrent assets	$85
Short-term debt	$130
Accounts payable	$321
Accrued liabilities	$241
Other current liabilities	$88
Long-term debt	$951
Other long-term liabilities	$178
Stockholders' equity	$337

Question 9

KRJ Enterprises reported the following information for fiscal 2017. What was the company's return on net opearating assets for 2017? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Average operating assets	$109,019
Average operating liabilities	$68,272
Earnings before interest and taxes	$8,017
Tax rate	$37%

Question 10

KRJ Enterprises reported the following information for fiscal 2017. What was the company's return on invested capital for 2017? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Average short-term debt	$16,173
Average current portion of long-term debt	$9,711
Average long-term debt	$39,684
Average equity	$56,620
Earnings before interest and taxes	$18,233
Tax rate	$37%