Author Question: Balance SheetMolson Coors Inc.Years 1 & 2 ($000s)Year 1Year 2Cash & Marketable ... (Read 30 times)

lbcchick · **on:** Apr 25, 2021

Question 1

In common-size financial statements
◦ all balance sheet items are divided by total liabilities.
◦ total sales are divided by total assets.
◦ depreciation expense is divided by total sales.
◦ accrued taxes are divided by total sales.
◦ net income is divided by total assets.

Question 2

Balance Sheet

Molson Coors Inc.

Years 1 & 2 ($000s)

	Year 1	Year 2
Cash & Marketable Securities	309,705	59,167
Accounts Receivable	108,732	705,426
Inventories	138,577	215,159
Other Current Assets	49,515	74,144
Total Current Assets	606,529	1,053,896
PP&E, Net	869,710	1,380,239
Intangibles	86,289	1,256,145
Other Assets	177,164	607,131
Total Assets	1,739,692	4,297,411
Accounts Payable	222,493	334,647
Other current liabilities	210,052	669,195
Short-term Debt	85,000	144,049
Total Current Liabilities	517,545	1,147,891
Long-term debt	20,000	1,383,392
Other long-term liabilities	250,835	784,277
Total liabilities	788,380	3,315,560
Capital Stock	8,922	28,334
Retained earnings	954,981	1,086,965
Adjustments	-12,591	-133,448
Total shareholders' equity	951,312	981,851
Total Liabilities & Equity	1,739,692	4,297,411

Income Statement

Molson Coors Inc.

Years 1 & 2 ($000s)

	Year 1	Year 2
Revenues	2,429,462	3,776,322
COGS	1,537,623	2,414,530
Depreciation	121,091	230,299
SG&A	619,143	833,208
EBIT	151,605	298,285
Interest Expense	-14,403	49,732
Other income	32,005	8,047
Pre-Tax Income	198,013	256,600
Income Tax	75,049	94,947
Net Income	122,964	161,653
Shares outstanding	36,902	36,140
Earnings per share	$3.33	$4.47
Dividends per common share	$0.80	$0.82

Referring to the Molson Coors financial statements, what is the most important determinant of the change in ROE?
◦ ROA
◦ Profit Margin
◦ Total Asset Turnover
◦ The change in leverage

frejo · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 32% of students answer this correctly