Question

a 1 c66 10 1 Ba964c469d18dab?deeplink true8 platforms idad&idpName: SMS &conte tld-urn%3Audson%3ApeE End Of Chapter: Financial Statement Analysis sheet, as well as the industry average data for retailers. Block Department Stores, Inc. 2 ncome Statement ared with For the Year December 31 lock Industry Average 6 Sales revenues 7 Less: Cost of goods sold 526,286 255,714 164,220 657% 195% 0.5% 0.396 9 Less: Operat 10 Operating income 11 Less: Interest expense es 173 12 Income before income taxes 13 Less: Income tax expense 90,321 5,083 14 Net income Block Department Stores, Inc. Balance Sheet Compared with Industry Average As of December 31 (amounts in thousands) Block Industry Average Assets 7 Current assets 8 Fixed assets,net 9 Intangible assets, net 10 Other assets 11 Total assets 12 13 14 Current liabilities 15 Long-term liabilities 16 Total liabilities 312,340 117,760 5,980 23,920 70.9% -... 23.7% 0.7% 4.7% Liabilities 213,440 104,880 318.320 48.3% 16.7% 18 19 Total common stockholders' equity 20 21 Total liabilities and equity Stockholders' equity 35.0% 460,000 100.0% Requirements 1. Prepare a common-size income statement and balance sheet for Block

Answer 1

All the parts of the question are answered properly .

In conclusion, the performance of block is worse as compared to industry .
ascti euox 35心1。 13440 460000 o.oo Total Liabilities fixed asut』 Intangibte asuet 43,47. 5980 Crvent asset Other ast 312.3 40 3920 40.97 나, , 46 0000 oo LL0 Thi, ptuぢmna ureueg bleen ρ毕tt, user.se, .th0w μ geatuua Pesut Ratio ,.oteratig eeuse. 치eo Sales