Ratio Analysis Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. After calculating

Ratio Analysis Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010. After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation. Values presented on the financial statements are in millions. Blue Bill Corporation                        Blue Bill Corporation Balance Sheet                        Income Statement December 31, 2011                        2011 Assets            Liabilities and Shareholders’ Equity            Sales     $10,495.0 Current Assets            Current liabilities            Cost of products sold     6,700.5 Cash and cash equivalents     $483.2         Short-term debt     $43.4         Gross Profit     3,794.5 Receivables (net of allowance)     1,045.1         Long-term debt due within a year     151.6         Selling and administrative expense     2,350.9 Inventories     1,249.4         Accounts payable     1,007.7         Operating income     1,443.6 Other current assets     273.5         Other accrued liabilities     972.7         Other income     (18.3) Total current assets     3,051.2         Total current liabilities     2,175.4         Earnings before interest and taxes     1,425.3 Property, plan and equipment                        Interest expense     295.2 Land     77.1         Long-term liabilities            Taxes     247.8 Buildings     842.4         Long-term debt     4,559.4         Net income     $882.3 Equipment     3,546.0         Deferred taxes     665.3 Less accumulated depreciation     2,373.7         Other long-term liabilities     784.2 Total property, plant and equipment     2,091.8         Total long-term liabilities     6,008.9 Other noncurrent assets     4,932.6         Shareholders’ equity     1,891.3 Total assets     $10,075.6         Total liabilities and shareholders’ equity     $10,075.6 Ratio analysis Liquidity ratios: Current ratio Quick ratio Activity ratios: Inventory turnover Receivables turnover Days sales outstanding Fixed asset turnover Total asset turnover Profitability ratios: Gross profit margin Operating profit margin Net profit margin Return on assets Return on equity Leverage ratios: Debt / Net worth Debt ratio Coverage ratios: Times-interest-earned Analysis of Blue Bill Corporation’s financial health Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it

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