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Jan 29, 2017 13. 11 Consider the following financial statements: Balance Sheet Statement (All numbers in thousands) Period Ending Jan 28, 2018 Assets Current Assets Cash and Cash Equivalents $13,913,000 Short-Term Investments $452,000 Net Receivables $10,136,000 Inventory $1,301,000 Other Current Assets $3,219,000 Total Current Assets $29,021,000 Long-Term Investments $1,503,000 Property Plant and Equipment $1,953,000 Goodwill $4,365,000 Intangible Assets $1,495,000 Other Assets $262,000 Total Assets $38,599,000 $10,635,000 $373,000 $8,543,000 $1,051,000 $3,643,000 $24,245,000 $1,113,000 $2,181,000 $4,074,000 $1,694,000 $345,000 $33,652,000
Liabilities Current Liabilities Accounts Payable Short/Current Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Deferred Long-Term Liability Charges Total Liabilities Stockholders' Equity Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity $15,474,000 $851,000 $3,158,000 $19,483,000 $5,146,000 $2,686,000 $3,518,000 $30,833,000 $15,257,000 $663,000 $3,040,000 $18,960,000 $3,417000 $2,605,000 $3,029,000 $28,011,000 $11,797,000 $24,744,000 $(28,704,000) $(71,000) $7,766,000 $11,472,000 $22,110,000 $(27,904,000) $(37,000) $5,641,000
An income statement has two columns of data for period ending January 28, 2018 and January 29, 2017. All numbers are in thousands. Line entries are as follows • Line 1. total revenue. 2018, $61,494,000. 2017, $52,902,000. • Line 2. cost of revenue. 2018, $50,098,000. 2017, $52,902,000. • Line 3. gross profit. 2018, $11,396,000. 2017, $43,641,000. • Line 4, indented once. operating expenses, no entries. • Line 5, indented once research and development 2018, $661,000. 2017, $44,745. • Line 6, indented once. selling general and administrative. 2018, $7,302,000. 2017, $743, 142. • Line 7. operating income or loss. 2018, $3,433,000. 2017, $2,172,000. • Line 8, indented once. earnings before interest and taxes. 2018, $3,350,000. 2017, $2,024,000. • Line 9, indented once. interest expense. 2018, $0. 2017, $0. • Line 10, indented once. income before tax. 2018, $3,350,000. 2017, $2,024,000. • Line 11, indented once. income tax expense. 2018, $715,000. 2017, $2,024,000. • Line 12. net income. 2018, $2,635,000. 2017, $1,433,000. • Line 13. net income applicable to common shares. 2018, $2,635,000. 2017, $1,433,000 • Line 14. outstanding shares, no entries.
A balance sheet includes two columns of data for period ending January 28, 2018 and January 29, 2017. All numbers are in thousands. By category, line entries are as follows. Assets. • Line 1. current assets, no entries. • Line 2, indented once. cash and cash equivalents. 2018, $13,913,000. 2017, $10,635,000 • Line 3, indented once, short term investments. 2018, $452,000. 2017, $3733,000 • Line 4, indented once. net receivables. 2018, $10,136,000. 2017, $8,543,000. • Line 5, indented once. inventory. 218, $1,301,000. 2017, $1,051,000. • Line 6, indented once. other current assets. 2018, $3,219,000. 20171, $3,643,000 • Line 7, indented once. total current assets. 2018, $29,021,000. 2017, $24,245,000. • Line 8. long term investments. 2018, $1,503,000. 2017, $1,113,000. • Line 9. property, plant, and equipment 2018, $1,953,000. 2017, $2,181,000. • Line 10. goodwill. 2018, $4,365,000. 2017, $4,074,000. • Line 11. intangible assets. 2018, $1,495,000. 2017, $1,694,000. Line 12. other assets. 2018, $262,000. 2017, $345,000. • Line 13, indented once. total assets. 2018, $38,599,000. 2017, $33,652,000.
Liabilities • Line 1. current liabilities, no entries. • Line 2, indented once. accounts payable 2018, $15,474,000. 2017, $15,257,000. • Line 3, indented once, short, current long term debt. 2018, $851,000. 2017, $663,000. • Line 4, indented once. other current liabilities. 2018, $3,158,000. 2017, $3,040,000. • Line 5, indented once. total current liabilities. 2018, $19,483,000. 2017, $18,960,000. • Line 6. long term debt. 2018, $5, 146,000. 2017, $3,417,000. • Line 7. other liabilities. 2018, $2,686,000. 2017, $2,605,000 • Line 8. deferred long term liability charges. 2018, $3,518,000. 2017, $3,029,000. • Line 9, indented once. total liabilities. 2018, $30,833,000. 2017, $28,011,000. Stockholder's equity. • Line 1. preferred stock. 2018, no entry. 2019, no entry. • Line 2. common stock. 2018, $11,797,000. 2017, $11,472,000. • Line 3. retained earnings. 2018, $24,744,000. 2017, $22,110,000. • Line 4. treasury stock capital surplus. 2018, negative $28,704,000. 2017, negative $27,904,000. • Line 5. other stockholder equity. 2018, negative $71,000. 2017, negative $37,000. Line 6, indented once. total stockholder equity. 2018, $7,766,000. 2017, $6,641,000. .
The firm's closing stock price was $13.47 on January 28, 2018. The numbers of outstanding shares were 1,944 million in 2018 and 1,944 million in 2017, respectively. The income tax rates were 21.3% in 2018 and 29.2% in 2017. From the financial data presented, compute the following financial ratios for 2018, and make an informed analysis of the firm's financial health: a. Debt ratio b. Times-interest-earned ratio C. Current ratio d. Quick (acid test) ratio e. Inventory-turnover ratio f. Days-sales-outstanding g. Total-assets-turnover ratio h. Profit margin on sales i. Return on total assets j. Return on common equity k. Pricelearnings ratio 1. Book value per share