Walgreens Boots Alliance’s Sales, Cost of Goods Sold, and Gross Profit The following information was summarized...
Walgreens Boots Alliance’s Sales, Cost of Goods Sold, and Gross Profit
The following information was summarized from the consolidated balance sheets of Walgreens Boots Alliance, Inc. and Subsidiaries (the company created with the combination of Walgreens and Boots Alliance) as of August 31, 2015 and 2014 and the consolidated statements of earnings for the years ended August 31, 2015 and 2014. All amounts are from Walgreens Boots Alliance’s 2015 Form 10-K.
| (millions of dollars) | 2015 | 2014 |
|---|---|---|
| Accounts receivable, net | $6,849 | 3,218 |
| Cost of sales | 76,520 | 54,823 |
| Inventories | 8,678 | 6,076 |
| Net sales | 103,444 | 76,392 |
1. Calculate the gross profit ratios for Walgreens Boots Alliance for 2015 and 2014 If required, round the percentage to one decimal place.
| Walgreen's 2015 gross profit ratio: | % |
| Walgreen's 2014 gross profit ratio: | % |
Homework Answers
1. Calculate the gross profit ratios for Walgreens Boots Alliance for 2015 and 2014 If required, round the percentage to one decimal place.
| Walgreen's 2015 gross profit ratio: (103444-76520)/103444 | 26.0% |
| Walgreen's 2014 gross profit ratio: (76392-54823)/76392 | 28.2% |
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Walgreens Boots Alliance’s Sales, Cost of Goods Sold, and Gross
Profit
The following information was summarized...
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