... corporation operated 162 facilities throughout the United States and Canada. In fiscal 2003, the group acquired Reed Distributors Inc, J&B Foodservice, Abbott Foods Inc. and Asian Foods Inc. (Thompson Research webpage). Sysco Corp. Financial Ratio Analysis The financial strength of Sysco Corp. was assessed in terms of profitability, financial leverage, liquidity and efficiency. These ratios were calculated based on the company financial statements for the years 1999-2003 from the company's annual report (see appendix A and B). Table 1 below shows the financial ratios calculated for the years 2000-2003. Later in this report is described the company's financial performance against industry standards. Table 1. Sysco Corp. Ratio Analysis Ratio Analysis 2003 2002 2001 2000 Profitability Ratios 1 Net profit margin = net income+interest/sales 3.25% 3.18% 3.07% 2.67% 2 Return of Assets (ROA) = net income+ interest/ Av.Total assets 12.04% 11.99% 11.74% 9.99% 3 Return of Equity (ROE) = Net income/Av. Equity 35.95% 32.12% 30.91% 27.92% 4 Payout Ratio = Dividends/Earnings 0.35 0.33 0.86 0.33 5 Plowback Ratio = 1-payout ratio ...

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