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?
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December 31
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2017
|
2016
|
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Operating assets
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$81,891
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$83,167
|
|
Operating liabilities
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$56,055
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$45,223
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Question 3
KRJ Enterprises reported the following information for fiscal 2017 and 2016. What was the average amount of invested capital for 2017?
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December 31
|
2017
|
2016
|
|
Short-term debt
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$1,113
|
$971
|
|
Long-term debt
|
$2,437
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$1,939
|
|
Stockholders' equity
|
$3,740
|
$3,900
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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%.
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Average short-term debt
|
$20,656
|
|
Average long-term debt
|
$39,113
|
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Average equity
|
$67,332
|
|
Earnings before interest and taxes
|
$31,718
|
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Tax rate
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$35%
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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.
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Cash
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$164
|
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Short-term investments
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$283
|
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Accounts receivable
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$317
|
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Inventory
|
$482
|
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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%.
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Average operating assets
|
$109,019
|
|
Average operating liabilities
|
$68,272
|
|
Earnings before interest and taxes
|
$8,017
|
|
Tax rate
|
$37%
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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%
|