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Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010.  
After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation.        
Values presented on the financial statements are in millions.        
               
Blue Bill Corporation   Blue Bill Corporation
Balance Sheet   Income Statement
December 31, 2011   2011
Assets     Liabilities and Shareholders' Equity     Sales  $10,495.0
Current Assets     Current liabilities     Cost of products sold      6,700.5
Cash and cash equivalents  $     483.2   Short-term debt  $      43.4   Gross Profit      3,794.5
Receivables (net of allowance)      1,045.1   Long-term debt due within a year        151.6   Selling and administrative expense      2,350.9
Inventories      1,249.4   Accounts payable      1,007.7   Operating income      1,443.6
Other current assets        273.5   Other accrued liabilities        972.7   Other income        (18.3)
Total current assets      3,051.2   Total current liabilities      2,175.4   Earnings before interest and taxes      1,425.3
Property, plan and equipment           Interest expense        295.2
Land          77.1   Long-term liabilities     Taxes        247.8
Buildings        842.4   Long-term debt      4,559.4   Net income  $     882.3
Equipment      3,546.0   Deferred taxes        665.3      
Less accumulated depreciation      2,373.7   Other long-term liabilities        784.2      
Total property, plant and equipment      2,091.8   Total long-term liabilities      6,008.9      
Other noncurrent assets      4,932.6   Shareholders' equity      1,891.3      
Total assets  $10,075.6   Total liabilities and shareholders' equity
 

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