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Selected financial data of two competitors, Blockbuster Inc. and Movie Gallery, Inc., in a recent year are presented below and on page 91. (All dollars are in millions.)
Blockbuster Inc.
Movie Gallery, Inc.
Income Statement Data for Year
Net sales
$ 5,524
$2,542
Cost of goods sold
2,476
1,012
Selling and administrative expenses
2,755
1,431
Interest expense
102
120
Other expense
212
3
Income tax expense (refund)
(76)
2
Net income (loss)
$ 55
$ (26)
Balance Sheet Data (End of Year)
Current assets
$ 1,566
$ 239
Property, plant, and equipment (net)
580
243
Intangible assets
835
297
Other assets
156
374
Total assets
$ 3,137
$1,153
Current liabilities
$ 1,395
$ 268
Long-term debt
851
1,122
Total stockholders' equity
891
(237)
Total liabilities and stockholders' equity
Cash from operating activities
$329
$(10)
Cash used for capital expenditures
79
20
Dividends paid
11
-0-
Average shares outstanding
189.0
31.8
Instructions
For each company, compute these values and ratios.
(a) Working capital.
(b) Current ratio. (Round to two decimal places.)
(c) Debt to total assets ratio.
(d) Free cash flow.
(e) Earnings per share.
(f ) Compare the liquidity, profitability, and solvency of the two companies.
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