Net sales for 2014 is $ 83,062 million
Change in sales is shown as below
2014 | 2013 | 2013 to 2014 | 2012 | 2012 to 2013 | 2012 to 2014 | |
Net Sales | $ 83,062 | $ 82,581 | 0.58% | $ 82,006 | 0.70% | 1.29% |
Increase | Increase | Increase | ||||
Financial Reporting Problem The financial statements of P&G are presented in Appendix B. The company's complete...
The financial statements of P&G are presented in Appendix B. The Company’s complete annual report, including the notes to the financial statements, is available at P&G Annual Reports. Refer to P&G’s financial statements and the accompanying notes to address the following: How does P&G value its inventories? Which inventory costing method does P&G use as a basis for reporting its inventories? How does P&G report its inventories in the balance sheet? In the notes to its financial statements, what three descriptions...
Refer to P&G's financial statements and the accompanying notes to answer the following questions. What type of income statement format does P&G use? Indicate why this format might be used to present income statement information. What are P&G's primary revenue sources? Compute P&G's gross profit for each of the years 2012–2014. Explain why gross profit decreased in 2014. Why does P&G make a distinction between operating and nonoperating revenue? What financial ratios did P&G choose to report in its “Financial...
Financial Reporting Problem: Apple Inc. CT2.1 The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Apple's financial statements contain the following selected accounts, stated in millions of dollars. Accounts Payable Cash and Cash Equivalents Accounts Receivable Research and Development Expense Property, Plant, and Equipment tryventories Instructions a. Answer the following questions. 1. What is the increase and decrease side for each...
Financial Reporting Problem: Apple Inc.CT10.1The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website.InstructionsRefer to Apple's financial statements and answer the following questions about current and contingent liabilities and payroll costs.a. What were Apple's total current liabilities at September 26, 2015? What was the increase/decrease in Apple's total current liabilities from the prior year?b. What were the components of total current liabilities on September 26,...
CT2.1. Financial Reporting FINANCIAL REPORTING PROBLEM: Apple Inc. The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook Instructions Answer the following questions using the financial statements and the notes to the financial statements. (a) What were Apple's total current assets at September 27, 2014, and September 28, 2013? (b) Are the assets included in current assets listed in the proper order? Explain. (c) How are Apple's assets classified? (d) What were Apple's...
Expand Your Critical Thinking 12-2 Columbia Sportswear Company's financial statements are presented in Appendix B. Click here to view Appendix B. Financial statements of VF Corporation are presented in Appendix C. Click here to view Appendix C. Based on the information contained in these financial statements, compute free cash flow for each company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) Columbia Sportswear Company VF Corporation...
AN CT4-2 The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions (a) Identify two accounts on Columbia's balance sheet that provide evidence that Colum- bia uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process. (b) Identify two accounts on VF's balance sheet that provide evidence that VF uses accrual accounting (different from the two you listed...
Expand Your Critical Thinking 13-03 The financial statements of Amazon.com, Inc. are presented in Appendix D. Click here to view Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Click here to view Appendix E. ment 2 3-04A 3-03A 3-02A u Critical 3-04 ur Critica 3-03 ise 13-01 Sise 13-02 ise 13-04 sise 13-05 ise 13-06 cise 13-02 ise 13-08 Based on the information in the financial statements, determine each of the following for each company:...
Columbia Sportswear Company's financial statements are presented in Appendix B. Click here to view Appendix B. Financial statements of VF Corporation are presented in Appendix C. Click here to view Appendix C. (a) Based on the information contained in these financial statements, compute free cash flow for each company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) Columbia Sportswear Company VF Corporation Free cash flow (in...
Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 $ 3,117 Inventories at May 31, 2013 3,484 Total assets at May 31, 2013 17,545 Stockholders' equity at May 31, 2013 11,081 Instructions Determine the following measures for the fiscal years ended May 31, 2015, and May 31. (Round ratios and percentages to one decimal...