Compute the current ratio and net profit margin


Response to the following problem:

Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31, 2008. Nintendo reports its financial statements in both Japanese yen and U.S. dollars as shown (amounts in millions).

Current assets . . . . . . . . . . ¥1,646,834                     $16,468.348

Total assets . . . . . . . . . . . . . 1,802,490                       18,024.903

Current liabilities . . . . . . . .  . . 567,222                         5,672.229

Net sales . . . . . . . . . . . . . . . 1,672,423                       16,724.230

Net income . . . . . . . . . . . . .   257,342                          2,573.426

1. Compute Nintendo's current ratio, net profit margin, and sales-to-total-assets using the financial information reported in (a) yen and (b) dollars.

2. What can we conclude from a review of the results for part 1?

 

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Compute the current ratio and net profit margin
Reference No:- TGS02946067

Expected delivery within 24 Hours