B. Discuss the Percent Change in Gross Profit for 2016 to 2017
compared to the Percent Change in Net sales from 2016 to
2017.
Homework Answers
Percentage change in gross profit from 2016 to 2017 was 5.29% while percentage change in net sales during the same period was 4.72%. We can see that percentage change is more for gross profit. This is due to the fact that cost of sales in 2017 has come down. Due to reduced cost of sales, gross profit rate has increased in 2017.
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B. Discuss the Percent Change in Gross Profit for 2016 to 2017
compared to the Percent...
The percent change for Cost of sales was 2016-2017: 4.40% Exercise 2-4 Dollar Change from 2016...
The percent change for Cost of sales was 2016-2017: 4.40%
Exercise 2-4 Dollar Change from 2016 to 2017 (in thousands of dollars) Percent Change from 2016 to 2017 1. Total receivables, net $19,808,000 12.13% 2. Inventories, net $ 21,950,000 7.15 % 3. Accounts payable $ 37,084,000 21.23% 4. Retained earnings $ 54, 265,000 11,30 % B. Discuss the Percent Change in Inventory from 2016 to 2017 compared to the Percent Change in Cost of sales from 2016 to 2017.
2016-2017 Coca-Cola’s annual report: Gross & Operating profit margin- improved Net profit margin/ROE/ROA -deteriorated Current ratio...
2016-2017 Coca-Cola’s annual report: Gross & Operating profit margin- improved Net profit margin/ROE/ROA -deteriorated Current ratio - improved Quick and Cash ratio - deteriorated Debt-to-equity - deteriorated Debt-to-capital - deteriorated Interest coverage - deteriorated 2016-2017 Pepsi Cola annual reports: Gross profit margin/Net profit margin/ROE/ROA- deteriorated significantly Net profit margin - deteriorated significantly Current/Quick/Cash ratios - improved Debt-to-equity/Debt-to-Capital ratios - deteriorated Interest Coverage ratio - improved exceeding 2015 Using the financial ratios of 2 companies above 1. Discuss what investors would...
Martha's Beauty Products Ltd. reported the figures below at December 31, 2017, 2016, and 2015. The...
Martha's Beauty Products Ltd. reported the figures below at December 31, 2017, 2016, and 2015. The business has declared bankruptcy. You have been asked to review the business and explain why it failed. (Click the icon to view financial information.) Requirement Evaluate the trend of Martha's Beauty Products's results of operations during 2015 through 2017. Consider the trends of sales, gross profit, and net income. Track the gross profit percentage (to three decimal places) and the rate of inventory turnover...
Need help with income statement (corrected) and compute the gross profit percentage for each year before...
Need help with income statement (corrected) and compute the gross
profit percentage for each year before and after the correcrion.
Partial income statements for Sherwood Company summarized for a four-year period show the following: Net Sales Cost of Goods Sold Gross Profit 2015 $1,700,000 1,241,000 $ 459,000 2016 $2,100,000 1,512,000 $588,000 2017 $2,200,000 1,628,000 $ 572,000 2018 $2,700,000 1,971,000 $ 729,000 An audit revealed that in determining these amounts, the ending inventory for 2016 was overstated by $17,000. The Inventory...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Joanne Products Ltd. reported the figures below at December 31, 2017, 2016, and 2015.The business has...
Joanne Products Ltd. reported the figures below at December 31,
2017, 2016, and 2015.The business has declared bankruptcy. You
have been asked to review the business and explain why it
failed.
Requirement EVALLA hatred of Kannas Realty Productos results of operations during 2015 through 2017. Consider the tranda of rare, grees prodit, and net income. Track the grass profit percentage to the cecinAI PACAR) And the rate clinerary tumar tocne deciA SACAI Asch year 2015 2016 and 2017. 4 ,...
Compute P&G's gross profit for each of the years 2015-2017. Explain why gross profit decreased in...
Compute P&G's gross profit for each of the years 2015-2017.
Explain why gross profit decreased in 2017.
What are P&G's primary revenue sources
B-2 APPENDIX B Specimen Financial Statements: The Procter & Gamble Company 2017 $ 65,058 32,535 18,568 2016 2015 $ 65,299 $ 70,749 32,909 37,056 18,949 20,616 2,028 11,049 1395 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation...
Ratios 2016 2015 a. Gross profit margin (%) 39.4 39.1 b. Operating profit margin (%) 5.1...
Ratios
2016
2015
a.
Gross profit margin (%)
39.4
39.1
b.
Operating profit margin (%)
5.1
7.5
c.
Net profit margin (%)
2.4
4.0
d.
Return on shareholders' equity (%)
14.1
25.2
e.
Return on assets (%)
3.1
5.2
f.
Times interest earned coverage
3.6
5.6
g.
Long-term debt-to-equity ratio
1.5
3.8
h.
Days of inventory
126.2
121.8
i.
Inventory turnover ratio
2.9
3.0
j.
Average collection
period
7.4
7.5
1-From 2015 to 2016, Macy’s, Inc., return on equity and...
Sarved Help Sav 2 Sales Cost of goods sold Accounts receivable 2019 2013 2017 2016 2015...
Sarved Help Sav 2 Sales Cost of goods sold Accounts receivable 2019 2013 2017 2016 2015 $ 282,880 $ 270,800 $ 252,6ee $ 234,560 $ 150.800 128,269 122,080 115,280 106,440 67.000 18,100 17,300 16,400 15,200 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales Choose Denominator: 1 1 Trend percent % 2019: 2018: 2017: 2016: % % % Trend Percent for Cost of Goods Sold: 1 Choose Denominator:...
Cost of Goods Sold Cross Profit Selling General, and sinistra Income before Income Tax Expe Income...
Cost of Goods Sold Cross Profit Selling General, and sinistra Income before Income Tax Expe Income Tax Expense Net Tato Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2015 to 2016 is the beginning of a sustained trend, is Computer Tycoon likely to earn more or less gross profit from each dollar of sales in 2017? 2. Compute the net profit margin for each year. Given your calculations here and in requirement explain...
The percent change for Cost of sales was 2016-2017: 4.40%
Exercise 2-4 Dollar Change from 2016 to 2017 (in thousands of dollars) Percent Change from 2016 to 2017 1. Total receivables, net $19,808,000 12.13% 2. Inventories, net $ 21,950,000 7.15 % 3. Accounts payable $ 37,084,000 21.23% 4. Retained earnings $ 54, 265,000 11,30 % B. Discuss the Percent Change in Inventory from 2016 to 2017 compared to the Percent Change in Cost of sales from 2016 to 2017.
Martha's Beauty Products Ltd. reported the figures below at December 31, 2017, 2016, and 2015. The business has declared bankruptcy. You have been asked to review the business and explain why it failed. (Click the icon to view financial information.) Requirement Evaluate the trend of Martha's Beauty Products's results of operations during 2015 through 2017. Consider the trends of sales, gross profit, and net income. Track the gross profit percentage (to three decimal places) and the rate of inventory turnover...
Need help with income statement (corrected) and compute the gross
profit percentage for each year before and after the correcrion.
Partial income statements for Sherwood Company summarized for a four-year period show the following: Net Sales Cost of Goods Sold Gross Profit 2015 $1,700,000 1,241,000 $ 459,000 2016 $2,100,000 1,512,000 $588,000 2017 $2,200,000 1,628,000 $ 572,000 2018 $2,700,000 1,971,000 $ 729,000 An audit revealed that in determining these amounts, the ending inventory for 2016 was overstated by $17,000. The Inventory...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Joanne Products Ltd. reported the figures below at December 31,
2017, 2016, and 2015.The business has declared bankruptcy. You
have been asked to review the business and explain why it
failed.
Requirement EVALLA hatred of Kannas Realty Productos results of operations during 2015 through 2017. Consider the tranda of rare, grees prodit, and net income. Track the grass profit percentage to the cecinAI PACAR) And the rate clinerary tumar tocne deciA SACAI Asch year 2015 2016 and 2017. 4 ,...
Compute P&G's gross profit for each of the years 2015-2017.
Explain why gross profit decreased in 2017.
What are P&G's primary revenue sources
B-2 APPENDIX B Specimen Financial Statements: The Procter & Gamble Company 2017 $ 65,058 32,535 18,568 2016 2015 $ 65,299 $ 70,749 32,909 37,056 18,949 20,616 2,028 11,049 1395 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation...
Ratios
2016
2015
a.
Gross profit margin (%)
39.4
39.1
b.
Operating profit margin (%)
5.1
7.5
c.
Net profit margin (%)
2.4
4.0
d.
Return on shareholders' equity (%)
14.1
25.2
e.
Return on assets (%)
3.1
5.2
f.
Times interest earned coverage
3.6
5.6
g.
Long-term debt-to-equity ratio
1.5
3.8
h.
Days of inventory
126.2
121.8
i.
Inventory turnover ratio
2.9
3.0
j.
Average collection
period
7.4
7.5
1-From 2015 to 2016, Macy’s, Inc., return on equity and...
Sarved Help Sav 2 Sales Cost of goods sold Accounts receivable 2019 2013 2017 2016 2015 $ 282,880 $ 270,800 $ 252,6ee $ 234,560 $ 150.800 128,269 122,080 115,280 106,440 67.000 18,100 17,300 16,400 15,200 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales Choose Denominator: 1 1 Trend percent % 2019: 2018: 2017: 2016: % % % Trend Percent for Cost of Goods Sold: 1 Choose Denominator:...
Cost of Goods Sold Cross Profit Selling General, and sinistra Income before Income Tax Expe Income Tax Expense Net Tato Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2015 to 2016 is the beginning of a sustained trend, is Computer Tycoon likely to earn more or less gross profit from each dollar of sales in 2017? 2. Compute the net profit margin for each year. Given your calculations here and in requirement explain...
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