Complete this exercise after reviewing Module 3. You may refer back to that module if desired.
Place your responses in the grid below.
Dayton, Inc.
Balance Sheet as of 12/31 (Values in Millions, except EPS and Share Price)
2012 2011
Assets
Current Assets
Cash and Equivalents $ 7,229 $ 6,547 Liquidity
Receivables 21,163 19,549 Current Ratio
Inventories 8,068 7,904 Quick Ratio
Other Current Assets 1,831 1,681
Total Current Assets $ 38,291 $ 35,681 Activity
Inventory Turnove
Non-Current Assets Average Collectio
Property, Plant & Equipment, Gross $ 204,960 $ 187,519
Accum. Depreciation & Depletion 110,020 97,917 Debt
Property, Plant & Equipment, Net $ 94,940 $ 89,602 Debt-to-Asset Rat
Other Non-Current Assets 19,413 17,891 Times Interest Ea
Total Non-Current Assets $ 114,353 $ 107,493
Profitability
Total Assets $ 152,644 $ 143,174 Gross Profit Marg
Net Profit Margin
Liabilities & Shareholder's Equity Return on Assets
Current Liabilities Return on Equity
Accounts Payable $ 13,792 $ 22,862
Short Term Debt 4,093 3,703 Market Ratios
Other Current Liabilities 15,290 3,549 Outstanding share
Total Current Liabilities $ 33,175 $ 30,114 Share Price as of 1
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Other Non-Current Liabilities 21,733 16,441
Total Non-Current Liabilities $ 44,872 $ 39,899
Total Liabilities $ 78,047 $ 70,013
Dayton, Inc.
Annual Income Statement (Values in Millions)
2012 2011
Sales $ 178,909 $ 187,510
Cost of Sales 99,701 111,631
Gross Operating Profit $ 79,208 $ 75,879
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dule if desired.
2012 2011
Liquidity
Current Ratio 1.15 1.18
Quick Ratio 0.91 0.92
Profitability
Gross Profit Margin 44.0% 40.0%
Net Profit Margin 6.4% 4.6%
Return on Assets 7.5% 6.1%
Return on Equity 15.0% 12.0%
Market Ratios
Outstanding shares 6.7 billion 6.8 billion
Share Price as of 12/31: $ 90.00 $ 89.00
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