Question

Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) Fiscal Year Ended October 1, 2017 October 2, 2016 322,000 272,000 $ 36,787 $ 35,716 6,592 square feet 6,547 square feet $ 14,672 $ 14,619 35,775 12,936 $ 5,585 $ 5,518 Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Gibson's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Gibson appeared to be using its facilities more efficiently. Complete this question by entering your answers in the tabs below. Reg A Reg C and D ReqE Calculate the revenue and earnings per employee to determine which year (2017 or 2016) Gibson appeared to be using its facilities more efficiently. (Enter your answers in whole dollars and not in millions.) 2016 2017 Revenue per employee Earnings per employee Revenue per thousand feet Earnings per thousand feet The company used its facilities more efficiently in

Answer 1

a) The informations provided in the table are best described as the managerial accounting
in nature because abstracts from the financial accounting data are presented
for the use of particular purpose like indicate growth, economical activities, etc.
c&d) As per the data presented in point (a), the fiscal year 2017 has not been
growing in financial terms but a constant or stable one as the revenues and Net earnings
has not grown. The company do have expanded and spread its business in 2017 as
number of employees and company-owned stores have grown many a folds.
e)
	2017	2016
Revenue per employee	0.114245342	0.131308824
Earnings per employee	0.01734472	0.020286765
Revenue per thousand sq.feet	5.580552184	5.455323049
Earnings per thousand sq. feet	0.847239078	0.842828777
The company used its facilities more efficiently in Properties usage side.