Author Question: Balance SheetMolson Coors Inc.Years 1 & 2 ($000s)Year 1Year 2Cash & Marketable ... (Read 38 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

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