Homework Answers
Ans. 1 This is an Income Statement.
Explanation: Income Statement shows the revenues and expenses for an accounting period.
Ans. 2
Gross profit = Net sales - Cost of goods sold
= $67,684 - $34,768
= $32,916
Add Answer to:
2019 $ 67,684 34,768 19,084 8,345 5,487 509 220 871 Below is a financial statement of...
Problem 2 On the following page, I have attached PG Company’s Consolidated Statements of Earnings for...
Problem 2
On the following page, I have attached PG Company’s Consolidated
Statements of Earnings for the 3 fiscal year’s ending June 30,
2019.
Required:Using the attached earnings statement, for each period
presented,
Compute the gross margin %
Note: Gross margin % = [(Net sales –
Cost of products sold)/Net sales] x 100
Compute the net profit margin on sales %
Note: Net profit margin % = (Net
earnings attributable to PG/Net sales) x 100
Considering the 3-year trend for...
Compute P&G's gross profit for each of the years 2015-2017. Explain why gross profit decreased in...
Compute P&G's gross profit for each of the years 2015-2017.
Explain why gross profit decreased in 2017.
What are P&G's primary revenue sources
B-2 APPENDIX B Specimen Financial Statements: The Procter & Gamble Company 2017 $ 65,058 32,535 18,568 2016 2015 $ 65,299 $ 70,749 32,909 37,056 18,949 20,616 2,028 11,049 1395 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation...
erating income versus net income Refer to the selected financial data (five-year Exercise 9.12 nancial summary)...
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...
Requirements: Calculate Common Size Income Statement, column down in grey. Please include excel reference formulas. -11...
Requirements: Calculate Common Size Income Statement, column down
in grey. Please include excel reference formulas.
-11 -AA == U.E.A.A. ESSE Percentage Wrap Text Merge Center - $ -% Number Conditional Formatas Cell Formatting Table - Styles Insert Delete com Alignment G Most recent financial Most recent financial Info Common Size Income Statement Info Income Statement [Abstract] Dec 31, 2017 Revenues Cost of Goods and Services Sold GROSS PROFIT Selling General and Administrative Expense Other Cost and Expense, Operating OPERATING INCOME...
Financial Statement Analysis Cases Financial Statement Analysis Case 1: Vertical Analyses of Johnson&Johnson and Pfizer Inc....
Financial Statement Analysis Cases Financial Statement Analysis Case 1: Vertical Analyses of Johnson&Johnson and Pfizer Inc. Pfizer Inc. is a US company that manufactures and distributes pharmaceutical and consumer healthcare products that are similar to those sold by Johnson & Johnson. Use the excerpts of Johnson &Johnson's and Pfizer's income statements to answer the following questions: a. Compute each line item as a percentage of sales for both companies. b. If sales are used as a measure of size, which...
Income statements and balance sheets follow for The New York Times Company. Refer to these financial...
Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements. The New York Times Company Consolidated Statements of Income Fiscal year ended (in thousands) Dec. 29, 2016 Dec. 30, 2015 Revenues Circulation $ 880,543 $ 851,790 Advertising 580,732 638,709 Other 94,067 88,716 Total revenues 1,555,342 1,579,215 Production costs Wages and benefits 363,051 354,516 Raw materials 72,325 77,176 Other 192,728 186,120 Total production costs 628,104 617,812 Selling, general and administrative...
Calculate the company's debt to total assets ratio (also called total debt ratio) for both the...
Calculate the company's debt to total assets ratio (also called total debt ratio) for both the recent year and the prior year. Show your computations. Write the textbook formula here: Recent year: Prior year: Explain what information this ratio provides (define), and what the results mean to this company. Use complete sentences and your own words. Compare the two, has the ratio improved? The Procter& Gamble Company 37 Consolidated Statements of Earnings 2018 2017 2016 NET SALES S 66,832 S...
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer the requirements ($ millions). Sales $14,095 Depreciation expense 560 Tax expense 376 Interest expense, gross 153 Earnings from continuing operations (Net income) 600 EBITA 1,117 Cash 595 Average total assets 8,472 Total debt 2,805 Noncurrent deferred tax liabilities 324 Noncontrolling interest 0 Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following seven Moody’s metrics for Nordstrom. See Appendix 4A...
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer the requirements ($ millions). Sales $14,095 Depreciation expense 560 Tax expense 376 Interest expense, gross 153 Earnings from continuing operations (Net income) 600 EBITA 1,117 Cash 595 Average total assets 8,472 Total debt 2,805 Noncurrent deferred tax liabilities 324 Noncontrolling interest 0 Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following seven Moody’s metrics for Nordstrom. See Appendix 4A...
Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.’s...
Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer the requirements ($ millions). Sales $14,095 Depreciation expense 560 Tax expense 376 Interest expense, gross 153 Earnings from continuing operations (Net income) 600 EBITA 1,117 Cash 595 Average total assets 8,472 Total debt 2,805 Noncurrent deferred tax liabilities 324 Noncontrolling interest 0 Equity 871 Dividends paid 1,185 Cash from operating activities 2,451 a. Compute the following...
Problem 2
On the following page, I have attached PG Company’s Consolidated
Statements of Earnings for the 3 fiscal year’s ending June 30,
2019.
Required:Using the attached earnings statement, for each period
presented,
Compute the gross margin %
Note: Gross margin % = [(Net sales –
Cost of products sold)/Net sales] x 100
Compute the net profit margin on sales %
Note: Net profit margin % = (Net
earnings attributable to PG/Net sales) x 100
Considering the 3-year trend for...
Compute P&G's gross profit for each of the years 2015-2017.
Explain why gross profit decreased in 2017.
What are P&G's primary revenue sources
B-2 APPENDIX B Specimen Financial Statements: The Procter & Gamble Company 2017 $ 65,058 32,535 18,568 2016 2015 $ 65,299 $ 70,749 32,909 37,056 18,949 20,616 2,028 11,049 1395 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation...
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...
Requirements: Calculate Common Size Income Statement, column down
in grey. Please include excel reference formulas.
-11 -AA == U.E.A.A. ESSE Percentage Wrap Text Merge Center - $ -% Number Conditional Formatas Cell Formatting Table - Styles Insert Delete com Alignment G Most recent financial Most recent financial Info Common Size Income Statement Info Income Statement [Abstract] Dec 31, 2017 Revenues Cost of Goods and Services Sold GROSS PROFIT Selling General and Administrative Expense Other Cost and Expense, Operating OPERATING INCOME...
Financial Statement Analysis Cases Financial Statement Analysis Case 1: Vertical Analyses of Johnson&Johnson and Pfizer Inc. Pfizer Inc. is a US company that manufactures and distributes pharmaceutical and consumer healthcare products that are similar to those sold by Johnson & Johnson. Use the excerpts of Johnson &Johnson's and Pfizer's income statements to answer the following questions: a. Compute each line item as a percentage of sales for both companies. b. If sales are used as a measure of size, which...
Calculate the company's debt to total assets ratio (also called total debt ratio) for both the recent year and the prior year. Show your computations. Write the textbook formula here: Recent year: Prior year: Explain what information this ratio provides (define), and what the results mean to this company. Use complete sentences and your own words. Compare the two, has the ratio improved? The Procter& Gamble Company 37 Consolidated Statements of Earnings 2018 2017 2016 NET SALES S 66,832 S...
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