Brief Exercise 13-13 Staples, Inc. is one of the largest


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24.99

Brief Exercise 13-13 Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $738.7 million and sales of $24,275.5 million in 2009. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Staples, Inc.’s asset turnover ratio and profit margin ratio? (Round answers to 2 decimal places, e.g. 1.25 or 2.05%.) Brief Exercise 13-15Brief Exercise 13-15 Selected data taken from a recent year’s financial statements of trading card company Topps Company, Inc. are as follows (in millions). Net sales$326.7 Current liabilities, beginning of year41.1 Current liabilities, end of year62.4 Net cash provided by operating activities10.4 Total liabilities, beginning of year65.2 Total liabilities, end of year73.2 Capital expenditures3.7 Cash dividends6.2 Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results. (Round answers to 2 decimal places, e.g. 0.12.) Current cash debt coverage ratio times Cash debt coverage ratio times Free Cash Flow$ millions Selected data taken from a recent year’s financial statements of trading card company Topps Company, Inc. are as follows (in millions). Net sales$326.7 Current liabilities, beginning of year41.1 Current liabilities, end of year62.4 Net cash provided by operating activities10.4 Total liabilities, beginning of year65.2 Total liabilities, end of year73.2 Capital expenditures3.7 Cash dividends6.2 Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results. (Round answers to 2 decimal places, e.g. 0.12.) Current cash debt coverage ratio times Cash debt coverage ratio times Free Cash Flow$ millions Asset turnover ratio times Profit margin ratio % Brief Exercise 13-10 These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2009 2008 Cash$ 13,606 $ 7,669 Accounts receivable23,045 19,951 Inventories31,087 31,345 Other current assets12,522 11,909 Total current assets$ 80,260 $ 70,874 Total current liabilities$245,805 $326,203 (a) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. .12 : 1.) 2009 2008 Current ratio::1 :1

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