Matthews Company Presented Below Is Selected Financial Information for Matthews

question 50

Multiple Choice

Matthews Company Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions)
$$\begin{array} { | l | r | l | r | } \hline \text { Current assets: } & & \text { Current liabilities: } & \\\hline \text { Cash and cash equivalents } & \$ 2,432 & \text { Accounts payable } & \$ 5,030 \\\hline \text { Short-term investment } & 1,456 & \text { Other current liabilities } & 2,767 \\\hline \text { Receivables, net } & 1,310 & \text { Total current liabilities } & 7,797 \\\hline \text { Merchandise inventories } & 5,174 & \text { Noncurrent liabilities } & 2,489 \\\hline \text { Other current assets } & 1,407 & \text { Shareholders' Equity } & 5,020 \\\hline \text { Total current assets } & 11,779 & \text { Total liabilities and shareholders' equity } & \$ 15,306 \\\hline \text { Noncurrent assets } & 3,527 & & \\\hline \text { Total assets } & \$ 15,306 & & \\\hline\end{array}$$ $$\begin{array} { | l | r | } \hline \text { Revenues } & \$ 40,339 \\\hline \text { Costs and Expenses } &\underline{ 38,889} \\\hline \text { Operating Income } & 1,450 \\\hline \begin{array} { l } \text { Other income/expense (including interest expense of } \\\$ 90 ) \end{array} &\underline{ ( 63 ) } \\\hline \text { Income before income tax } & 1,387 \\\hline \text { Income tax expense } &\underline{ ( 141 ) } \\\hline \text { Net income } &\underline{ \$ 1,246} \\\hline\end{array}$$ $$\begin{array} { l } \text { Previous Year's Financial Data } \\\text { Total Assets } &\$14,013\\\text { Shareholders' Equity }&3,989\end{array}$$
The debt to equity ratio for Matthews Corporation is ________. (Round your answer to two decimal places, X.XX.)

• A) 0.50
• B) 1.00
• C) 1.55
• D) 2.05

---

Definitions:

Product Knowledge System

A system designed to organize, store, and manage information about products, serving as a resource for improving customer service and sales strategies.

Upselling

The practice of encouraging customers to purchase a comparable higher-end product than the one in question, enhancing customer satisfaction and increasing sales.

Greater Value

The increased worth or utility a product, service, or action brings to its stakeholders, usually surpassing its cost or their initial expectations.

Call Center

A centralized office used for receiving or transmitting a large volume of inquiries by telephone, often for customer service.