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Problem 4-23
Ratio Analysis
Data for Barry Computer Co. and its industry averages follow.
Barry Computer Company:
Balance Sheet as of December 31, 2015 (In Thousands)
Cash
$77,500
Accounts payable
$129,000
Receivables
336,000
Other current liabilities
117,000
Inventories
241,500
Notes payable
84,000
Total current assets
$655,000
Total current liabilities
$330,000
Long-term debt
$256,500
Net fixed assets
292,500
Common equity
361,000
Total assets
$947,500
Total liabilities and equity
$648,000
Barry Computer Company:
Income Statement for Year Ended December 31, 2015(In Thousands)
Sales
$1,607,500
Cost of goods sold
Materials
$717000
Labor
453,000
Heat, light, and power
68,000
Indirect labor
113,000
Depreciation
41,500
$1,39,500
Gross profit
$215,000
Selling expenses
115,000
General and administrative expenses
30,000
Earnings before interest and taxes (EBIT)
$70,000
Interest expense
24,500
Earnings before taxes (EBT)
45,500
Federal and state income taxes (40%)
18,200
Net income
$27,300
Calculate the indicated ratios for Barry. Round your answers to two decimal places.
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