Homework Answers
Answer:
| a |
Krogercompany |
wholesale food mart |
|||
|
1 |
current ratio |
current assets/current liabilities |
0.781461 |
1.396977 |
|
|
current assets |
8911 |
1756 |
|||
|
current liabilities |
11403 |
1257 |
|||
|
2- |
average days to sales inventory |
365/inventory turnover ratio |
34.42257 |
17.05328 |
|
|
Inventory turnover ratio |
cost of goods sold/total average inventory |
10.60351 |
21.40351 |
||
|
cost of goods sold |
85512 |
9150 |
|||
|
average inventory |
(8178+7951)/2 |
8064.5 |
(441+414)/2 |
427.5 |
|
|
3- |
debt to asset ratio |
total of liabilities/total of assets |
0.821901 |
0.336177 |
|
|
total of liabilities |
25114 |
1931 |
|||
|
total of assets |
30556 |
5744 |
|||
|
4- |
return on assets |
earning from continuing operation/average assets |
8.85% |
16.77% |
|
|
earning from continuing operations |
2649 |
946 |
|||
|
average assets |
(30556+29281)/2 |
29918.5 |
(5744+5538)/2 |
5641 |
|
|
5 |
gross margin percentage |
gross profit/sales |
21.16% |
35.54% |
|
|
gross profit |
22953 |
5044 |
|||
|
total revenue |
108465 |
14194 |
|||
|
6- |
asset turnover ratio |
total revenue/average assets |
3.625349 |
2.516221 |
|
|
average assets |
(30556+29281)/2 |
29918.5 |
(5744+5538)/2 |
5641 |
|
|
total revenue |
108465 |
14194 |
|||
|
7- |
net margin |
earning from contiuing operations/total revenue |
2.44% |
6.66% |
|
|
earning from continuing operations |
2649 |
946 |
|||
|
total revenue |
108465 |
14194 |
|||
|
8 |
plant assets to long term debt ratio |
plant assets/long term debt |
1.306396 |
5.11014 |
|
|
plant assets |
17912 |
2923 |
|||
|
long term debt |
13711 |
572 |
|||
|
b- |
whole sale foods are better in terms of profitability |
krogercompany |
wholesale foods |
||
|
return on assets |
earning from continuing operation/average assets |
8.85% |
16.77% |
||
|
net margin |
earning from contiuing operations/total revenue |
2.44% |
6.66% |
||
|
gross margin percentage |
gross profit/sales |
21.16% |
35.54% |
||
|
c- |
Kroger company is highly levered as its total assets are financed by 82% of debt and 18% by equity |
||||
|
c- |
debt to asset ratio |
total of liabilities/total of assets |
0.821901 |
||
|
d- |
Whole sale food is charging high price from its customers as it gross profit margin is greater than kroger company |
||||
|
gross margin percentage |
gross profit/sales |
21.16% |
35.54% |
||
|
e- |
Kroger company is using assets more effectively as its total asset turnover ratio is better |
||||
|
asset turnover ratio |
total revenue/average assets |
3.625349 |
2.516221 |
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f-Adobe Acrobat Reader DC Help Survey of Account x D 7101228 Analyze, Think, Communicate ATC 9-1...
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5401 Analyzing Inventory Disclosure Comparing LIFO and FIFO The current asset section of the 2014 and...
5401 Analyzing Inventory Disclosure Comparing LIFO and FIFO The current asset section of the 2014 and 2013 fiscal year end balance sheets of The Kroger Co. are presented in the accompanying table: January 31, February 1. S millions 2015 2014 Current assets Cash and temporary cash investments Deposits in transit 988 958 Receivables 1.200 1,116 FIFO inventory 6,933 6.801 LIFO Credit (1.150) Prepaid and other current assets 704 Total current assets $8,911 58,830 In addition, Kroger provides the following footnote...
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Instead of “cash,” the company’s balance sheet uses the account
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The annual report has two reports in which management is
clearly identified as having for the company’s financial reporting
and internal controls. What are the names of these reports and on
what pages are they located?
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Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$1,262,900
$1,069,600
Net income
300,000
219,100
Total
$1,562,900
$1,288,700
Dividends:
On preferred...
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1) Current ratio. 2) Average days to sell inventory. (Use average inventory.) 4] Return on 5) Gross identify which of answer and to c, which company appears to be charging higher prices for its goods? txplain your answer and identify which of the ratio(s) from Part1 rs to have the higher level of financial y appears to be the more efficient at using its assets? which of the ratios) from Part 1you used to reachyour conclusion.
erating income versus net income Refer to the selected financial data (five-year Exercise 9.12 nancial summary) in the Campbell Soup Company annual report in the appendix. LO 5 Required: Compare the trend of the operating income (earnings before interest and taxes) data with the trend of net income (net earnings attributable to Campbell Soup Company) data from Campbella 2010 through 2014. Which series of data is more meaningful? Explain your answer. 648 Appendix Item 6. Selected Financial Data FIVE-YEAR REVIEW...
Compute ROA, Profit Margin, and Asset Turnover Refer to the financial information for Target Corporation, presented below: Target Corporation Balance Sheets January 31, February 1, ($ millions) 2015 2014 Assets Cash and cash equivalents $2,210 $670 Inventory 8,790 8,278 Other current assets 3,087 2,625 Total current assets 14,087 11,573 Property and equipment, net 25,958 26,412 Other noncurrent assets 1,359 6,568 Total assets $41,404 $44,553 Liabilities and shareholders' investment 59 Accounts payable Accrued and other current liabilities Current portion of long-term...
5401 Analyzing Inventory Disclosure Comparing LIFO and FIFO The current asset section of the 2014 and 2013 fiscal year end balance sheets of The Kroger Co. are presented in the accompanying table: January 31, February 1. S millions 2015 2014 Current assets Cash and temporary cash investments Deposits in transit 988 958 Receivables 1.200 1,116 FIFO inventory 6,933 6.801 LIFO Credit (1.150) Prepaid and other current assets 704 Total current assets $8,911 58,830 In addition, Kroger provides the following footnote...
Instead of “cash,” the company’s balance sheet uses the account
name “Cash and cash equivalents.” How does the company define cash
equivalents?
The annual report has two reports in which management is
clearly identified as having for the company’s financial reporting
and internal controls. What are the names of these reports and on
what pages are they located?
For the Fiscal Year 2017 2016 As Adjusted As Adjusted 71,786 $ 69,414 $ 72,714 70,271 2014 2018 74,433 $ 75,356 $...
Survey of Accounti....x 711 1228 104% ATC 9-2 Group Assignment Ratios and basic logic Presented here are selected data from the 10-K reports of four companies for their 2015 fiscal years. The four companies, in alphabetical order, are: Caterpillar, Inc. , a company that manufactures heavy machinery Oracle Corporation , a company that develops software. Starbucks a company that sells coffee products. Tiffany & Company , a company that operates high-end jewelry and department stores. The data for the companies,...
Please, someone, help me! If you do please show working
out for me to understand. Thank you.
Measures of liquidity, Solvency, and Profitability The
comparative financial statements of Marshall Inc. are as follows.
The market price of Marshall common stock was $ 65 on December 31,
20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$1,262,900
$1,069,600
Net income
300,000
219,100
Total
$1,562,900
$1,288,700
Dividends:
On preferred...
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