Selected financial data


Selected financial data of Decatur Corporation and Clarkston Corporation for 2012 are presented below (in millions). Decatur Corporation Clarkston Corporation Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79,607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $ 2,488 $ 14,335 Balance Sheet Data (End of Year) Current assets $18,424 $ 48,331 Noncurrent assets 26,109 122,375 Total assets $44,533 $170,706 Current liabilities $11,327 $ 55,561 Long-term debt 17,859 44,089 Total stockholders' equity 15,347 71,056 Total liabilities and stockholders' equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44,106 $163,429 Total stockholders' equity 13,712 65,682 Current liabilities 10,512 55,390 Total liabilities 30,394 97,747 Other Data Average net receivables $7,525 $ 4,025 Average inventory 6,942 33,836 Net cash provided by operating activities 5,881 26,249 Capital expenditures 1,729 12,184 Dividends 496 4,217 a. For each corporation, compute the following ratios. (28 Points) i. Current ii. Receivables turnover iii. Average collection period iv. Inventory turnover v. Days in inventory vi. Profit margin vii. Asset turnover viii. Return on assets ix. Return on common stockholders' equity x. Debt to total assets xi. Times interest earned xii. Current cash debt coverage xiii. Cash debt coverage xiv. Free cash flow.

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Accounting Basics: Selected financial data
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