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QUESTIONS [Superscript A(B,C) identifies assignment material based on Appendix...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts receivable at May 31, 2010 $ 3,138 Inventories at May 31, 2010 2,715 Total assets at May 31, 2010 14,998 Stockholders'equity at May 31, 2010 9,843 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011), rounding to one decimal...
Chapter 14 Financial Statement Analysis 4-5, LO14-7 3.6A ment Shown below is selected information from the...
Chapter 14 Financial Statement Analysis 4-5, LO14-7 3.6A ment Shown below is selected information from the financial statements of furniture store From the balance sheet: Cash... Accounts receivable ... Inventory Plant assets (net of accumulated depreciation)... Current liabilities ..... Total stockholders' equity Total assets .... From the income statement: Net sales Cost of goods sold.. . Operating expenses..... Interest expense ..... Income tax expense .... Net income .......... 300 1.000.00 $1.500.000 1.080. 315.000 84.000 15.000 $ 40.000 (46.000 From the...
Use the NIKE's financial statements, Appendix D in the text book to answer the following questions....
Use the NIKE's financial statements, Appendix D in the text book
to answer the following questions. The ending balance of inventory
2014 was $4,025:
a. Calculate the inventory turnover for 2016 and 2015. Round to
2 decimal places.
b. Calculate the days' sales in inventory for 2016 and 2015
using 365 days.
c. Is the change in the inventory turnover and the days' sales
in inventory form 2015 to 2016 favorable or unfavorable?
D-4 Appendix D Selected Excerpts from Nike...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix D. Use the...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix D. Use the following additional information (in thousands): Accounts receivable at May 31, 2014: $3,117 Inventories at May 31, 2014: 3,947 Total assets at May 31, 2014: 18,594 Stockholders' equity at May 31, 2014: 12,000 1. Determine the following measures for the fiscal years ended May 31, 2016, and May 31, 2015. Do not round interim calculations. Round the working capital amount in part (a) to the...
ASSIGNMENT MATERIAL QUESTIONS 1. Identify the steps in the accounting cycle, distinguish- 13. Why are assets...
ASSIGNMENT MATERIAL QUESTIONS 1. Identify the steps in the accounting cycle, distinguish- 13. Why are assets classified as current or long terrm ing those that occur during the period from those that are performed at the end of the period what basis are they classified? Where do the classified amounts appear? current 2. Why is the worksheet a valuable accounting tool? 3. Name two advantages the worksheet has over the 14. Indicate which of the following accounts are assets and...
In a 2-3 page analysis, answer the following questions Warf Computers, Inc., was founded 15 years...
In a 2-3 page analysis, answer the following questions Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group has supplied the limited additional investment needed by the company in the form of both equity and short- and long-term debt. Recently the company has developed a virtual keyboard (VK). The VK uses sophisticated artificial intelligence...
12.24 (LO 1, 2, 3) Comprehensive financial statement analysis Koester, Inc., states in its 2020 10-K...
12.24 (LO 1, 2, 3) Comprehensive financial statement analysis Koester, Inc., states in its 2020 10-K filing with the SEC, “In October 2020, two major credit rating agencies changed Koester's long-term credit rating outlook to negative and one of the credit rating agencies reduced Koester's short-term credit rating." Koester's financial statements in $000) follow. Koester, Inc. Comparative Income Statement For the Year Ended December 31 2020 2019 2018 Sales revenue $5,179,016 $5,102,786 $4,960,100 Cost of goods sold 2,806,148 2,692,061 2,530,617...
Use the Consoldated Statement or Cash Flows to answer the tollowing questions: 1a) Which year showed the highest net cash provided from operations? 1b) Was it also the year of the highest net income?...
Use the Consoldated Statement or Cash Flows to answer the tollowing questions: 1a) Which year showed the highest net cash provided from operations? 1b) Was it also the year of the highest net income? 1c) What were the three largest positive adjustments to net income and why were they made? 2a) What year were the most investments made? 2b) What year were assets disposed ot? 3a) What year had the largest use of cash for financing? 3b) What were the...
Using the financial ratios provided in Table 4.1 and the financial statement infor- mation presented below...
Using the financial ratios provided in Table 4.1 and the financial statement infor- mation presented below for Costco Wholesale Corporation, calculate the follow ing ratios for Costco for both 2013 and 2014: a. Gross profit margin b. Operating profit margin c. Net profit margin d. Times-interest-earned (or coverage) ratio e. Return on stockholders' equity 1. 1 f. Return on assets g. Debt-to-equity ratio h. Days of inventory . Inventory turnover ratio j. Average collection period Based on these ratios, did...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts receivable at May 31, 2010 $ 3,138 Inventories at May 31, 2010 2,715 Total assets at May 31, 2010 14,998 Stockholders'equity at May 31, 2010 9,843 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011), rounding to one decimal...
Chapter 14 Financial Statement Analysis 4-5, LO14-7 3.6A ment Shown below is selected information from the financial statements of furniture store From the balance sheet: Cash... Accounts receivable ... Inventory Plant assets (net of accumulated depreciation)... Current liabilities ..... Total stockholders' equity Total assets .... From the income statement: Net sales Cost of goods sold.. . Operating expenses..... Interest expense ..... Income tax expense .... Net income .......... 300 1.000.00 $1.500.000 1.080. 315.000 84.000 15.000 $ 40.000 (46.000 From the...
Use the NIKE's financial statements, Appendix D in the text book
to answer the following questions. The ending balance of inventory
2014 was $4,025:
a. Calculate the inventory turnover for 2016 and 2015. Round to
2 decimal places.
b. Calculate the days' sales in inventory for 2016 and 2015
using 365 days.
c. Is the change in the inventory turnover and the days' sales
in inventory form 2015 to 2016 favorable or unfavorable?
D-4 Appendix D Selected Excerpts from Nike...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix D. Use the following additional information (in thousands): Accounts receivable at May 31, 2014: $3,117 Inventories at May 31, 2014: 3,947 Total assets at May 31, 2014: 18,594 Stockholders' equity at May 31, 2014: 12,000 1. Determine the following measures for the fiscal years ended May 31, 2016, and May 31, 2015. Do not round interim calculations. Round the working capital amount in part (a) to the...
ASSIGNMENT MATERIAL QUESTIONS 1. Identify the steps in the accounting cycle, distinguish- 13. Why are assets classified as current or long terrm ing those that occur during the period from those that are performed at the end of the period what basis are they classified? Where do the classified amounts appear? current 2. Why is the worksheet a valuable accounting tool? 3. Name two advantages the worksheet has over the 14. Indicate which of the following accounts are assets and...
In a 2-3 page analysis, answer the following questions Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group has supplied the limited additional investment needed by the company in the form of both equity and short- and long-term debt. Recently the company has developed a virtual keyboard (VK). The VK uses sophisticated artificial intelligence...
12.24 (LO 1, 2, 3) Comprehensive financial statement analysis Koester, Inc., states in its 2020 10-K filing with the SEC, “In October 2020, two major credit rating agencies changed Koester's long-term credit rating outlook to negative and one of the credit rating agencies reduced Koester's short-term credit rating." Koester's financial statements in $000) follow. Koester, Inc. Comparative Income Statement For the Year Ended December 31 2020 2019 2018 Sales revenue $5,179,016 $5,102,786 $4,960,100 Cost of goods sold 2,806,148 2,692,061 2,530,617...
Use the Consoldated Statement or Cash Flows to answer the tollowing questions: 1a) Which year showed the highest net cash provided from operations? 1b) Was it also the year of the highest net income? 1c) What were the three largest positive adjustments to net income and why were they made? 2a) What year were the most investments made? 2b) What year were assets disposed ot? 3a) What year had the largest use of cash for financing? 3b) What were the...
Using the financial ratios provided in Table 4.1 and the financial statement infor- mation presented below for Costco Wholesale Corporation, calculate the follow ing ratios for Costco for both 2013 and 2014: a. Gross profit margin b. Operating profit margin c. Net profit margin d. Times-interest-earned (or coverage) ratio e. Return on stockholders' equity 1. 1 f. Return on assets g. Debt-to-equity ratio h. Days of inventory . Inventory turnover ratio j. Average collection period Based on these ratios, did...
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