The following selected information was taken from Barrick

Gold Corporation s #8648

The following selected information was taken from Barrick Gold Corporation s

The following selected information was taken from Barrick Gold Corporation's financial
statements (in U.S. millions):

Instructions

(a) Calculate each of the following ratios for 2010 and 2009. Industry ratios are shown in
parentheses.

1. Current ratio (2010 2.4:1:1; 2009, 1.9:1) 2. Receivables turnover (2010, 17.6 times; 2009,
19.5 times)

3. Inventory turnover (2010, 3.6 times; 2009, 4.0 times)

4. Debt to total assets (2010, 16.0%; 2009, 17.4%)

5. Times interest earned (2010, 4.6 times; 2009, 16.3 times) (b) Based on your results in (a),
comment on Barrick Gold's liquidity and solvency.

(c) Barrick Gold has three pages of disclosure in the notes to its statements about pending
litigation. Discuss the implications of this information for your analysis.

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 The following selected information was taken from Barrick Gold Corporation s

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