Homework Answers
1. Following points can be noted-
i. Sales and profit has increased multifold times.
ii. Company has managed to leverage its balance sheet which is
clear from the debt levels and interest level compared to
2013.
iii. Company has made capital expenditure to an extent which is why
they have good asst turnover ratio.
iv. Company could increase its accounts payable instead of debt
level to create leverage which would helped in reducing
interest.
2. Company is doing well in terms of Profitability, interest coverage ratio, debt/equity ratio, etc..
Add Answer to:
analyze the statements.
what can the company do differently
what does it appear the company does...
Analyze, Forecast, and Interpret Income Statement and Balance Sheet
Following are the income statement and balance sheet of DP Inc.DATA PROCESSING INC.Statement of Consolidated EarningsFor Year Ended June 30, 2019, $ millionsTotal revenues$14,175.2Operating expenses7,145.9Systems development and programming costs636.3Depreciation and amortization304.4Total cost of revenues8,086.6Selling, general, and administrative expenses3,064.2Interest expense129.9Total expenses11,280.7Other (income) expense, net(111.1)Earnings before income taxes3,005.6Provision for income taxes712.8Net earnings$2,292.8DATA PROCESSING INC.Balance Sheet$ millionsJune 30,2020ForecastCurrent assetsCash and cash equivalents$1,949.2Accounts receivable, net2,439.3Other current assets519.6Total current assets before funds held for clients4,908.1Funds half for clients29,434.2Total current assets34,342.3Long-term receivables, net23.8Property, plant and equipment,...
Using data available in the case, calculate the annual growth rate from 2014 to 2015, and from 2015 to 2016 (in percenta...
Using data available in the case, calculate the annual growth
rate from 2014 to 2015, and from 2015 to 2016 (in percentages). All
calculations should be rounded to one decimal (e.g., 12.7%)
I need help filling in these percentages.
2014-2015 2015-2016 Revenue Cost of Goods Sold Gross Profit % Operating Income Total Operating Expenses Net Income % Working Capital Year Ended: Dec. 27, 2014 Dec. 31, 2016 Dec. 26, 2015 Income Statement Data: $968.99 $1,024.04 $966.48 Revenue 64.11 63.47 Less...
Question for Dec. 31, 2018 a.)What asset does Tesla have the most significant investment? b.) Is...
Question for Dec. 31, 2018
a.)What asset does Tesla have the most significant
investment?
b.) Is Tesla financed primarily with debt or equity?
c.) Is Tesla's debt primarily short term or long term?
Explain
d.) What is a significant change in individual assets or
liabilities.
e.) What is a significant change in the composition of current
assets or current liabilities.
f.) Evaluate Tesla's debt paying ability.
June 30, December 31, 2018 2019 S $ 4,954,740 128,006 1,147,100 3,382,358 569,748 10,181,952...
a.) What is a significant change in the composition of current assets or current liabilities. b.)...
a.) What is a significant change in the composition of current
assets or current liabilities.
b.) Evaluate Tesla's debt paying ability
June 30, December 31, 2018 2019 S $ 4,954,740 128,006 1,147,100 3,382,358 569,748 10,181,952 2,069,540 6,200,704 10,082,458 1,248,277 327,358 153,475 400,308 365,547 842,978 31,872,597 3,685,618 192,551 949,022 3,113,446 365,671 8,306,308 2,089,758 6,271,396 11,330,077 282,492 68,159 421,548 398,219 571,657 29,739,614 $ $ $ $ Assets Current assets Cash and cash equivalents Restricted cash Accounts receivable, net Inventory Prepaid expenses and...
Please review the Wet Seal 11/2014 10-Q and complete the associated spreadsheet in the Module 1...
Please review the Wet Seal 11/2014 10-Q and complete the
associated spreadsheet in the Module 1 lesson.
What do the current ratio, quick ratio and debt ratio say about
what was happening to the company? What else can you find out from
the 10-Q that can help understand what was happening to the
company?
Item I. Financial Statements (Unaudited) THE WET SEAL. INC CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) November ,2014 February 1, 2014 November 2, 2013...
Assume that Netflix made the following mistake in preparation of its 2015 statements, and no...
Assume that Netflix made the following mistake in preparation
of its 2015 statements, and no adjustments were
made:
No entry for accrued interest earned
of $4 on debt securities in “short-term investments” was made.
What would be the effect of the error
on the following amounts at year-end of 2015? Circle U/S
for understate, O/S for overstate, or NE for no
effect. Ignore income tax effects. (12 points)
Total
Liabilities US OS NE
Income Before Income
Taxes US OS NE
Total
Assets US OS NE
Stockholders’ Equity at
Year-End US OS NE
NETFLIX,...
The following financial information is available for International Technologies, Inc.: Consolidated Statements of Ops (USD $)...
The following financial information is available for International Technologies, Inc.: Consolidated Statements of Ops (USD $) In Thousands Dec. 27, 2014 Dec. 28, 2013 Dec. 29, 2012 NET SALES $1,097,788 $929,810 $719,204 Cost of sales $839,946 $698,771 $542,700 GROSS PROFIT $257,842 $231,039 $176,504 Selling and administrative expenses $251,591 $205,797 $171,420 Other operating expense, net $2,441 $1,334 $184 Facility consolidation expenses $14,888 $0 $0 Impairment of assets $3,059 $0 $0 OPERATING INCOME (LOSS) ($14,137) $23,909 $4,901 Interest expense $11,615 $10,141 $8,494...
calculate the following financial indicators Current Ratio Debt/Equity Ratio Free Cash Flow Earnings...
calculate the following financial
indicators
Current Ratio
Debt/Equity Ratio
Free Cash Flow
Earnings per Share
Price/Earnings Ratio
Return on Equity
Net Profit Margin
As Reported Annual Income Statement Report Date Currency Audit Status Consolidated Scale Net product sales Net services sales Total net sales Cost of sales Fulfillment expenses Marketing expenses Technology & content expenses General & administrative expenses Other operating expense (income), net Total operating expenses & costs Income from operations Interest income Interest expense...
Please fill in the grey spaces for the 2020 Balance Sheet. Dec. 31, 2019 Dec. 31,...
Please fill in the grey spaces
for the 2020 Balance Sheet.
Dec. 31, 2019 Dec. 31, 2018 Balance in TL enda Current assets. Cash and cash equivalents Accounts receivable, net Inventory Prepaid expenses and other current assets Income tax receivable Investments Total current assets Leasehold improvements, property and equipment, Restricted cash Operating lease assets Other assets Goodwill Total assets $ 480,626 80,545 26,096 57,076 27,705 400,156 1,072,204 1,458,690 27,855 2,505,466 18,450 21.939 5,104,604 $249,953 62,312 21,555 54,129 0 426,845 814,794...
Could anyone help me identify which items are operating assets and operating liabilities? Consolidated Statement of...
Could anyone help me identify which items are operating assets
and operating liabilities?
Consolidated Statement of Financial Position - CAD ($) $ in Millions Current assets Cash and cash equivalents Accounts receivable Contract assets Inventories Prepayments Income taxes recoverable Derivative financial assets Total current assets Property, plant and equipment Intangible assets Investment in equity accounted investees Deferred tax assets Derivative financial assets Other assets Total assets Current liabilities Accounts payable and accrued liabilities Less: current portion Income taxes payable Document...
Using data available in the case, calculate the annual growth
rate from 2014 to 2015, and from 2015 to 2016 (in percentages). All
calculations should be rounded to one decimal (e.g., 12.7%)
I need help filling in these percentages.
2014-2015 2015-2016 Revenue Cost of Goods Sold Gross Profit % Operating Income Total Operating Expenses Net Income % Working Capital Year Ended: Dec. 27, 2014 Dec. 31, 2016 Dec. 26, 2015 Income Statement Data: $968.99 $1,024.04 $966.48 Revenue 64.11 63.47 Less...
Question for Dec. 31, 2018
a.)What asset does Tesla have the most significant
investment?
b.) Is Tesla financed primarily with debt or equity?
c.) Is Tesla's debt primarily short term or long term?
Explain
d.) What is a significant change in individual assets or
liabilities.
e.) What is a significant change in the composition of current
assets or current liabilities.
f.) Evaluate Tesla's debt paying ability.
June 30, December 31, 2018 2019 S $ 4,954,740 128,006 1,147,100 3,382,358 569,748 10,181,952...
a.) What is a significant change in the composition of current
assets or current liabilities.
b.) Evaluate Tesla's debt paying ability
June 30, December 31, 2018 2019 S $ 4,954,740 128,006 1,147,100 3,382,358 569,748 10,181,952 2,069,540 6,200,704 10,082,458 1,248,277 327,358 153,475 400,308 365,547 842,978 31,872,597 3,685,618 192,551 949,022 3,113,446 365,671 8,306,308 2,089,758 6,271,396 11,330,077 282,492 68,159 421,548 398,219 571,657 29,739,614 $ $ $ $ Assets Current assets Cash and cash equivalents Restricted cash Accounts receivable, net Inventory Prepaid expenses and...
Please review the Wet Seal 11/2014 10-Q and complete the
associated spreadsheet in the Module 1 lesson.
What do the current ratio, quick ratio and debt ratio say about
what was happening to the company? What else can you find out from
the 10-Q that can help understand what was happening to the
company?
Item I. Financial Statements (Unaudited) THE WET SEAL. INC CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) November ,2014 February 1, 2014 November 2, 2013...
Assume that Netflix made the following mistake in preparation
of its 2015 statements, and no adjustments were
made:
No entry for accrued interest earned
of $4 on debt securities in “short-term investments” was made.
What would be the effect of the error
on the following amounts at year-end of 2015? Circle U/S
for understate, O/S for overstate, or NE for no
effect. Ignore income tax effects. (12 points)
Total
Liabilities US OS NE
Income Before Income
Taxes US OS NE
Total
Assets US OS NE
Stockholders’ Equity at
Year-End US OS NE
NETFLIX,...
calculate the following financial
indicators
Current Ratio
Debt/Equity Ratio
Free Cash Flow
Earnings per Share
Price/Earnings Ratio
Return on Equity
Net Profit Margin
As Reported Annual Income Statement Report Date Currency Audit Status Consolidated Scale Net product sales Net services sales Total net sales Cost of sales Fulfillment expenses Marketing expenses Technology & content expenses General & administrative expenses Other operating expense (income), net Total operating expenses & costs Income from operations Interest income Interest expense...
Please fill in the grey spaces
for the 2020 Balance Sheet.
Dec. 31, 2019 Dec. 31, 2018 Balance in TL enda Current assets. Cash and cash equivalents Accounts receivable, net Inventory Prepaid expenses and other current assets Income tax receivable Investments Total current assets Leasehold improvements, property and equipment, Restricted cash Operating lease assets Other assets Goodwill Total assets $ 480,626 80,545 26,096 57,076 27,705 400,156 1,072,204 1,458,690 27,855 2,505,466 18,450 21.939 5,104,604 $249,953 62,312 21,555 54,129 0 426,845 814,794...
Could anyone help me identify which items are operating assets
and operating liabilities?
Consolidated Statement of Financial Position - CAD ($) $ in Millions Current assets Cash and cash equivalents Accounts receivable Contract assets Inventories Prepayments Income taxes recoverable Derivative financial assets Total current assets Property, plant and equipment Intangible assets Investment in equity accounted investees Deferred tax assets Derivative financial assets Other assets Total assets Current liabilities Accounts payable and accrued liabilities Less: current portion Income taxes payable Document...
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