Question :
41) Income Statement
Molson Coors Inc.
Years 1 & 2 ($000s)
Year 1
Ye : 1907275
41) 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 Equity Multiplier from the Du Pont equation (1 + D/E) in Year 2?
A) 2.41
B) 3.95
C) 4.05
D) 4.38
E) 4.58
42) 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 Net Profit Margin in Year 1?
A) 4.3%
B) 5.1%
C) 8.0%
D) 8.2%
E) 12.9%
43) 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 asset was the main reason for the decline in Total Asset Turnover between Year 1 and Year 2?
A) Property Plant and Equipment
B) Cash and Marketable Securities
C) Inventory
D) Intangibles
E) Accounts Receivable
44) 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?
A) ROA
B) Profit Margin
C) Total Asset Turnover
D) The change in leverage
45) 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 reason best explains the change in leverage between Year 1 and Year 2?
A) Purchase of another company
B) A large dividend to common shareholders
C) An increase in goodwill
D) Relaxation of the collection policy
E) Large amount of capital expenditures in Year 2
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 |
46) 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, did ROE rise or fall from Year 1 to Year 2?
A) Fall
B) Rise
47) 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, what happened to ROA from Year 1 to Year 2?
A) Increased
B) Decreased
C) Stayed the same
48) 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, what is the change Equity Multiplier from Year 1 to Year 2?
A) -1.86
B) -0.05
C) 0.95
D) 1.81
E) 1.86
49) 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, which is the bigger or more important determinant of the change in ROE?
A) ROA
B) The Equity Multiplier
50) 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, What is Net Profit Margin in Year 1?
A) 5.0%
B) 6.6%
C) 7.5%
D) 8.8%
E) 9.1%
