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Question - Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO USE NET SALES IN THE COMPUTATION, USE TOTAL REVENUES. Round all amounts to the nearest two decimal places.

1. What is IBM's current ratio on December 31, 2015?

2. What is IBM's acid-test or quick ratio on December 31, 2015?

3. What is IBM's Receivable Turnover for 2015? (NOTE: use TRADE receivables only)

4. What is the number of days to collect accounts receivable for IBM for 2015?

5. What is IBM's inventory turnover for 2015? (NOTE-use TOTAL COST for Cost of Goods Sold)

6. What is IBM's days to sell inventory for 2015?

7. What is IBM's conversion period for 2015?

8. What is IBM's asset turnover for 2015?

9. What is IBM's profit margin on sales or return on sales for 2015?

10. What is IBM's return on assets for 2015?

11. What is IBM's cash return on sales for 2015?

12. What is IBM's return on TOTAL common stockholders' equity for 2015?

13. What is IBM's TOTAL basic (no dilution) earnings per share for 2015?

14. What is IBM's TOTAL earnings per share assuming dilution for 2015?

15. What is IBM's price to earnings ratio for 2015? (NOTE-use the TOTAL earnings per share assuming dilution and use the HIGH stock price from the FOURTH quarter from the quarterly data given on page 148 of the complete financial report).

16. What is IBM's payout ratio for 2015? (Note-cash dividends paid on common stock can be found on the Five-¬-Year Comparison of Selected Data on Page 147 of the complete financial report.)

17. What is IBM's debt to total assets on December 31, 2015?

18. What is times interest earned for IBM for 2015?

19. What is IBM's cash debt coverage for 2015?

20. How many shares of IBM common stock have been authorized as of December 31, 2015?

Attachment:- 2015 IBM Annual Report.rar

Accounting Basics, Accounting

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