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Referring to the CFM Majestic financial statements, is the change between Year 1 and Year 2 in Total ...

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Referring to the CFM Majestic financial statements, is the change between Year 1 and Year 2 in Total ...

Balance Sheet

CFM Majestic Inc.

Years 1 & 2 ($000,000s)

	Year 1	Year 2
Cash	29.2	21.2
A/R	108.2	122.6
Inventory	74.0	79.7
Total Current Assets	211.4	223.5
Fixed Assets, Net	81.6	94.1
Goodwill	159.6	184.5
Total Assets	452.6	502.1
Accounts Payable	46.4	50.5
Short-term Debt	23.0	27.0
Total Current Liabilities	69.4	77.5
Long Term Debt	125.8	128.5
Deferred income taxes	14.0	18.6
Equity
Share Capital	148.9	151.8
Retained Earnings	94.5	125.7
Owners' Equity	243.4	277.5
Total Liabilities & Equity	452.6	502.1

Income Statement

CFM Majestic Inc.

Years 1 & 2 ($000,000s)

	Year 1	Year 2
Sales	381.9	416.3
COGS	244.9	278.9
SG&A	59.7	63.8
Depreciation	13.8	15.4
R & D	5.3	4.3
EBIT	58.2	53.9
Interest Expense	7.3	7.9
Earnings before Income Tax	50.9	46.0
Income Taxes	17.3	14.8
Net Income	33.6	31.2

Referring to the CFM Majestic financial statements, is the change between Year 1 and Year 2 in Total Asset Turnover important in explaining the change in ROA?

▸ No

▸ Yes

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

Read 52 times

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ARIA Beru Author

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Thank you, thank you, thank you!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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