Samsung, Apple, and Google are competitors in the global marketplace. Selected data for Samsung follow. Use...
Samsung, Apple, and Google are competitors in the global
marketplace. Selected data for Samsung follow. Use Apple's
financial statements in Appendix A.
| Korean won in billions | 2017 | 2016 | ||||
| Cost of goods sold | ₩ | 129,291 | ₩ | 120,278 | ||
| Operating expenses | 56,640 | 52,348 | ||||
| Total expenses | ₩ | 185,931 | ₩ | 172,626 | ||
Required
1. Compute the cost of goods sold to total expenses ratio
for Samsung for the two years of data provided.
2. Which company has the highest ratio of cost of
goods sold to total expenses for 2017?
Homework Answers
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Samsung, Apple, and Google are competitors in the global
marketplace. Selected data for Samsung follow. Use...
Apple and Samsung compete in the global marketplace. Apple’s and Samsung’s financial statements are in Appendix...
Apple and Samsung compete in the global marketplace. Apple’s and Samsung’s financial statements are in Appendix A. Required: 1. Compute the ratio of inventory to total assets for Apple as of September 30, 2017, and for Samsung as of December 31, 2017. Express your answers as percentages, rounded to two decimal places. 2. Based on the answer to question 1, which company’s (Apple or Samsung) inventory policy more closely follows a JIT system?
AA 10-3 Global Analysis LO A3 Selected results from Samsung, Apple, and Google follow. In millions...
AA 10-3 Global Analysis LO A3 Selected results from Samsung, Apple, and Google follow. In millions Total assets Total liabilities Total equity Samsung Current Year Prior Year #301,752,090 #262,174,324 87,260,662 69,211,291 214,491,428 192,963,033 Apple Current Year $375,319 241,272 134,047 Google Current Year $ 197,295 44,793 152,502 Required: 1. Compute Samsung's debt-to-equity ratio for the current year and the prior year. 2. Is Samsung's financing structure more risky or less risky in the current year versus the prior year? 3. In...
For Apple and Google, compute the ratios of cost of goods sold to total expenses for...
For Apple and Google, compute the ratios of cost of goods sold
to total expenses for Apple and Google during the fiscal years 2017
and 2016.
LINK =
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/Wild_Finman_8e/Appendix_A.pdf
Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio...
AA 09-3 Global Analysis LO A1 Comparative figures for Samsung, Apple, and Google follow. In millions...
AA 09-3 Global Analysis LO A1 Comparative figures for Samsung, Apple, and Google follow. In millions Net income Income taxes Interest expense Samsung Apple Current Prior Current Prior Year Year Year Year W42,186,747 W22.726,092 $48,351 $45,687 14, 209, 220 7.987,560 15,738 15,685 655,402 S87,8312 .323 1.456 Google Current Prior Year Year $12.662 $19,478 14,531 4,672 109 124 Required: 1. Compute the times interest earned ratio for the most recent two years for Samsung using the data shown 2. Is the...
Selected comparative financial statements of Apple-Space follow: Apple-Space Comparative Income Statements For Years Ended December 31,...
Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
Selected data of Islander Company follow: Balance Sheet Data Accounts receivable Allowance for doubtful accounts Net...
Selected data of Islander Company follow: Balance Sheet Data Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories-lower of cost or market As of December 31, 2017 2016 $500,000 $470,000 (25,000) (20,000) 475,000 450,000 600,000 550,000 Income Statement Data Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other Total operating expenses Year Ended December 31, 2017 2016 $2,500,000 $2,200,000 500,000 400,000 3,000,000 2,600,000 2,000,000 1,800,000 300,000 270,000 50,000 30,000 2,350,000...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
554,143
$
424,519
$
294,600
Cost of goods sold
333,594
269,145
188,544
Gross profit
220,549
155,374
106,056
Selling expenses
78,688
58,584
38,887
Administrative expenses
49,873
37,358
24,452
Total expenses
128,561
95,942
63,339
Income before taxes
91,988
59,432
42,717
Income taxes
17,110
12,184
8,672
Net income
$
74,878
$
47,248
$
34,045
KORBIN COMPANY...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Saved Selected comparative financial statements of Korbin Company follow! KORBIN COMPANY Comparative Income Statements For Years...
Saved Selected comparative financial statements of Korbin Company follow! KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 480,784 $ 368, 320 $ 255,600 Cost of goods sold 289,432 230,937 163,584 Gross profit 191,352 137, 383 92,016 Selling expenses 68,271 52,828 33,739 Administrative expenses 43,271 32,412 21, 215 Total expenses 111,542 83,240 54,954 Income before taxes 79,810 54, 143 37,062 Income taxes 14,845 11,099 7,524 Net income $ 64,965 $...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 496,208 $ 380,136 $ 263,800 Cost of goods sold 298,717 237,965 168,832 Gross profit 197,491 142,171 94,968 Selling expenses 70,462 52,459 34,822 Administrative expenses 44,659 33,452 21,895 Total expenses 115,121 85,911 56,717 Income before taxes 82,370 56,260 38,251 Income taxes 15,321 11,533 7,765 Net income $ 67,049 $ 44,727 $ 30,486 KORBIN COMPANY...
AA 10-3 Global Analysis LO A3 Selected results from Samsung, Apple, and Google follow. In millions Total assets Total liabilities Total equity Samsung Current Year Prior Year #301,752,090 #262,174,324 87,260,662 69,211,291 214,491,428 192,963,033 Apple Current Year $375,319 241,272 134,047 Google Current Year $ 197,295 44,793 152,502 Required: 1. Compute Samsung's debt-to-equity ratio for the current year and the prior year. 2. Is Samsung's financing structure more risky or less risky in the current year versus the prior year? 3. In...
For Apple and Google, compute the ratios of cost of goods sold
to total expenses for Apple and Google during the fiscal years 2017
and 2016.
LINK =
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/Wild_Finman_8e/Appendix_A.pdf
Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio...
AA 09-3 Global Analysis LO A1 Comparative figures for Samsung, Apple, and Google follow. In millions Net income Income taxes Interest expense Samsung Apple Current Prior Current Prior Year Year Year Year W42,186,747 W22.726,092 $48,351 $45,687 14, 209, 220 7.987,560 15,738 15,685 655,402 S87,8312 .323 1.456 Google Current Prior Year Year $12.662 $19,478 14,531 4,672 109 124 Required: 1. Compute the times interest earned ratio for the most recent two years for Samsung using the data shown 2. Is the...
Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
Selected data of Islander Company follow: Balance Sheet Data Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories-lower of cost or market As of December 31, 2017 2016 $500,000 $470,000 (25,000) (20,000) 475,000 450,000 600,000 550,000 Income Statement Data Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other Total operating expenses Year Ended December 31, 2017 2016 $2,500,000 $2,200,000 500,000 400,000 3,000,000 2,600,000 2,000,000 1,800,000 300,000 270,000 50,000 30,000 2,350,000...
Selected comparative financial statements of Korbin Company
follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
554,143
$
424,519
$
294,600
Cost of goods sold
333,594
269,145
188,544
Gross profit
220,549
155,374
106,056
Selling expenses
78,688
58,584
38,887
Administrative expenses
49,873
37,358
24,452
Total expenses
128,561
95,942
63,339
Income before taxes
91,988
59,432
42,717
Income taxes
17,110
12,184
8,672
Net income
$
74,878
$
47,248
$
34,045
KORBIN COMPANY...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Saved Selected comparative financial statements of Korbin Company follow! KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 480,784 $ 368, 320 $ 255,600 Cost of goods sold 289,432 230,937 163,584 Gross profit 191,352 137, 383 92,016 Selling expenses 68,271 52,828 33,739 Administrative expenses 43,271 32,412 21, 215 Total expenses 111,542 83,240 54,954 Income before taxes 79,810 54, 143 37,062 Income taxes 14,845 11,099 7,524 Net income $ 64,965 $...
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