Homework Answers
1) Macy's
% Change in sales = (Change in sales/Base year sales)*100
Change in Sales = $25,331-$25,739
= -$408
% Change in sales = (-$408/$25,739)*100
= -1.58%
2) Kohl's
Change in Sales = $19,974-$20,229
= -$255
% Change in Sales = (-$255/$20,229)*100
= -1.26%
3) Macy's Operating Margin
Operating Margin =
(EBIT or Operating Income/Sales)*100
= ($1,162/$25,331)*100
= 4.59%
4) Kohl's Operating Margin
Operating Margin = ($1,212/$19,974)*100
= 6.07%
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6 ANNUAL FINANCIAL REPORT All values USD Millions. Fiscal year is February-January. All values USD Millions....
Balance Sheet Assets Fiscal year is January-December. All values USD millions. 2017 Cash & Short Term...
Balance Sheet Assets Fiscal year is January-December. All values USD millions. 2017 Cash & Short Term Investments 18.3B Total Accounts Receivable 13.49B Inventories 8.77B Other Current Assets 2.54B Total Current Assets 43.09B 2017 Net Property, Plant & Equipment 17.01B Total Investments and Advances 751M Long-Term Note Receivable - Intangible Assets 85.13B Other Assets 4.22B Total Assets 157.3B Liabilities & Shareholders' Equity 2017 ST Debt & Current Portion LT Debt 3.91B Accounts Payable 7.31B Income Tax Payable 1.85B Other Current Liabilities...
11 pts INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A...
11 pts INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A Expense Unusual Expense Interest Expense Pretax Income Income Tax - Current Domestic Consolidated Net Income 2020 19,974 11,990 1,067 6,917 5,705 104 207 901 159 691 2019 20,229 12,199 964 7,066 5,601 167 256 1,042 272 801 5-step DuPont CALCULATE DUPONT FOR 2020 ONLY Ue AVG Assets, Equity 2020 ONLY AVG ASSET TURNOVER INTEREST BURDEN TAX BURDEN EBIT MARGIN EQUITY MULTIPLIER BALANCE SHEET Cash...
what is the dupont EBT using avg assets equity what is the tax burden? INCOME STATEMENT...
what is the dupont EBT using avg assets equity
what is the tax burden?
INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A Expense Unusual Expense Interest Expense Pretax Income Income Tax - Current Domestic Consolidated Net Income 2020 19,974 11,990 1,067 6,917 5,705 104 207 901 159 691 2019 20,229 12,199 964 7,066 5,601 167 256 1,042 272 801 BALANCE SHEET Cash & Short Term Investments Total Accounts Receivable Inventories Other Current Assets Miscellaneous...
Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 26, 2011 February 27, 2010...
Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 26, 2011 February 27, 2010 February 28, 2009 Revenue 50.272 $ 49,694 $ 45,015 Cost of goods sold 37 611 37,534 34,017 Restructuring charges - cost of goods sold Gross Profit 12,637 12,160 10,998 Selling general and administrative expenses 10.325 9,873 Restructuring charges Goodwill and tradename impairment Operating income 2,235 1,870 Other income (expense) Investment income and other 54 Investment impairment (111) Interest expense (94) Earnings before income tax...
3. Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures...
3. Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales Cost of goods sold Other expenses 3,193 4,060 4,049 2.518 Earnings before interest and taxes (EBIT) 2,566 685 1.881 658 1223 856 Interest expense Income before tax Taxes Cat 35%) Net income Figures in millions of dellars) Canh and marketable securite 2382 2490 cument assets Total curment assets 匆 3525 3 9973195 Net property plant, and equipment Other...
The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of...
The following balance sheet information (in $ millions) comes
from the Annual Report to Shareholders of Hotel California for the
2013 fiscal year. (Certain amounts have been replaced with question
marks to test your understanding of balance sheets.) In addition,
you’re provided with the following information from an analysis of
Hotel California’s financial position at the same date:
Current ratio = 4.78
Acid-test ratio = 0.968
Debt-to-equity ratio = 1.35
Compute the missing amounts (rounded to the nearest $ in...
ASSURANCE OF LEARNING EXERCISES 1. conn LO4-1 Using the financial ratios provided in the Appendix and...
ASSURANCE OF LEARNING EXERCISES 1. conn LO4-1 Using the financial ratios provided in the Appendix and the following financial statement information for Macy's, Inc., calculate the following ratios for Macy's for both 2015 and 2016. 1. Gross profit margin 2. Operating profit margin 3. Net profit margin 4. Times interest earned coverage 5. Return on shareholders' equity 6. Return on assets 7. Long-term debt-to-equity ratio 8. Days of inventory 9. Inventory turnover ratio 10. Average collection period Based on these...
Income Statement Sales/Revenue Total revenue 76,480,000,000 Cost of Revenue 25,110,000,000 Gross Profit 51,370,000,000 Operating Exp 31,810,000,000...
Income Statement Sales/Revenue Total revenue 76,480,000,000 Cost of Revenue 25,110,000,000 Gross Profit 51,370,000,000 Operating Exp 31,810,000,000 Selling General & Admin - Other Operating Expense 3,390,000,000 Unusual Expense 16,180,000,000 EBIT after Unusual Expense 2,130,000,000 Non Operating Income/Expense 385,000,000 Equity in Affiliates (Pretax) 1,020,000,000 Interest Expense 17,670,000,000 Pretax Income 16,370,000,000 Other After Tax Income (Expense) 1,300,000,000 Consolidated Net Income - Minority Interest Expense 1,300,000,000 Net Income - Discontinued Operations 1,300,000,000 Net Income After Extraordinaries - Preferred Dividends 1,300,000,000 Net Income Available to...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales $ 881 Cost of goods sold 741 Depreciation 31 Earnings before interest and taxes (EBIT) $ 109 Interest expense 12 Income before tax $ 97 Taxes 34 Net income $ 63 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Current assets $ 369 $ 312 Long-term assets 258 222 Total assets $ 627 $ 534 Liabilities and shareholders’ equity...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other current assets Total current assets Net plant and equipment Other LT assets Total assets Accounts payable Accruals and other current liab Curr. Port. of LT Debt Total current liabilities Long-term debt Other non-current liabilities Total liabilities Common stock and other equity Retained earnings Total common equity Total liabilities and equity 2018 25.260 2.544 41.033 3.403 72.240 340.403 10.779 423.422 3.764 10.139 5.275 19.178 170.196...
11 pts INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A Expense Unusual Expense Interest Expense Pretax Income Income Tax - Current Domestic Consolidated Net Income 2020 19,974 11,990 1,067 6,917 5,705 104 207 901 159 691 2019 20,229 12,199 964 7,066 5,601 167 256 1,042 272 801 5-step DuPont CALCULATE DUPONT FOR 2020 ONLY Ue AVG Assets, Equity 2020 ONLY AVG ASSET TURNOVER INTEREST BURDEN TAX BURDEN EBIT MARGIN EQUITY MULTIPLIER BALANCE SHEET Cash...
what is the dupont EBT using avg assets equity
what is the tax burden?
INCOME STATEMENT Sales/Revenue COGS excluding D&A Depreciation & Amortization Expense Gross Income EBIT SG&A Expense Unusual Expense Interest Expense Pretax Income Income Tax - Current Domestic Consolidated Net Income 2020 19,974 11,990 1,067 6,917 5,705 104 207 901 159 691 2019 20,229 12,199 964 7,066 5,601 167 256 1,042 272 801 BALANCE SHEET Cash & Short Term Investments Total Accounts Receivable Inventories Other Current Assets Miscellaneous...
Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 26, 2011 February 27, 2010 February 28, 2009 Revenue 50.272 $ 49,694 $ 45,015 Cost of goods sold 37 611 37,534 34,017 Restructuring charges - cost of goods sold Gross Profit 12,637 12,160 10,998 Selling general and administrative expenses 10.325 9,873 Restructuring charges Goodwill and tradename impairment Operating income 2,235 1,870 Other income (expense) Investment income and other 54 Investment impairment (111) Interest expense (94) Earnings before income tax...
3. Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales Cost of goods sold Other expenses 3,193 4,060 4,049 2.518 Earnings before interest and taxes (EBIT) 2,566 685 1.881 658 1223 856 Interest expense Income before tax Taxes Cat 35%) Net income Figures in millions of dellars) Canh and marketable securite 2382 2490 cument assets Total curment assets 匆 3525 3 9973195 Net property plant, and equipment Other...
The following balance sheet information (in $ millions) comes
from the Annual Report to Shareholders of Hotel California for the
2013 fiscal year. (Certain amounts have been replaced with question
marks to test your understanding of balance sheets.) In addition,
you’re provided with the following information from an analysis of
Hotel California’s financial position at the same date:
Current ratio = 4.78
Acid-test ratio = 0.968
Debt-to-equity ratio = 1.35
Compute the missing amounts (rounded to the nearest $ in...
ASSURANCE OF LEARNING EXERCISES 1. conn LO4-1 Using the financial ratios provided in the Appendix and the following financial statement information for Macy's, Inc., calculate the following ratios for Macy's for both 2015 and 2016. 1. Gross profit margin 2. Operating profit margin 3. Net profit margin 4. Times interest earned coverage 5. Return on shareholders' equity 6. Return on assets 7. Long-term debt-to-equity ratio 8. Days of inventory 9. Inventory turnover ratio 10. Average collection period Based on these...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other current assets Total current assets Net plant and equipment Other LT assets Total assets Accounts payable Accruals and other current liab Curr. Port. of LT Debt Total current liabilities Long-term debt Other non-current liabilities Total liabilities Common stock and other equity Retained earnings Total common equity Total liabilities and equity 2018 25.260 2.544 41.033 3.403 72.240 340.403 10.779 423.422 3.764 10.139 5.275 19.178 170.196...
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