Nintendo Company, Ltd., recently reported the following financial information (amounts in millions). Current assets $...
Nintendo Company, Ltd., recently reported the
following financial information (amounts in millions).
| Current assets | $ | 9,036 |
| Total assets | 11,477 | |
| Current liabilities | 871 | |
| Net sales | 4,464 | |
| Net Income | 146 | |
Compute Nintendo’s current ratio and profit margin. (Round
your answers to 2 decimal places.)
Nintendo Company, Ltd., recently reported the
following financial information (amounts in millions).
| Current assets | $ | 9,036 |
| Total assets | 11,477 | |
| Current liabilities | 871 | |
| Net sales | 4,464 | |
| Net Income | 146 | |
Compute Nintendo’s current ratio and profit margin. (Round
your answers to 2 decimal places.)
Homework Answers
Solution :
Current ratio = Current assets / Current liabilities = $9,036 / $871 = 10.37:1
Profit margin = Net income / Sales = $146 / $4,464 = 3.27%
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Nintendo Company, Ltd., recently reported the
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