Homework Answers
| Growth in Revenue | 47.8% |
| [($2,274,176-$1,538,900) / $1,538,900] or ($735,276 / $1,538,900)*100 | |
| Growth in Cost of Sales | 39.8% |
| [($1,874,847-$1,341,452) / $1,341,452] or ($533,395 / $1,341,452)*100 | |
| Growth in Net Earnings | |
| [($124,894-$53,894) / $53,894] or ($71,000 / $53,894)*100 | 131.7% |
| Growth in Total Assets | |
| [($1,822,403-$1,785,641) / $1,785,641] or ($36,762 / $1,785,641)*100 | 2.1% |
| Growth in Total Equity | 30.2% |
| [($630,167-$483,860) / $483,860] or ($146,307 / $483,860)*100 |
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Part 1 Calculate the growth in the following accounts from December 31, 2015, to January 1,...
A. Compute net nonoperating expenses (NNE) for 2016 and 2015. Assume that combined federal and st...
a. Compute net nonoperating expenses (NNE) for 2016 and 2015.
Assume that combined federal and state statutory tax rate is 37%
for both fiscal years
b. Compute net nonoperating obligations (NNO) for 2016 and
2015
Income statements and balance sheets follow for Snap-On Incorporated. Refer to these financial statements to answer the requirements SNAP-ON INCORPORATED Consolidated Statements of Earnings (Amounts in millions) For the fiscal vear ended Net sales Cost of goods sold Gross profit Operating expenses 2016 $3,430.4 (1,720.8...
Could anyone help me identify which items are operating assets and operating liabilities? Consolidated Statement of...
Could anyone help me identify which items are operating assets
and operating liabilities?
Consolidated Statement of Financial Position - CAD ($) $ in Millions Current assets Cash and cash equivalents Accounts receivable Contract assets Inventories Prepayments Income taxes recoverable Derivative financial assets Total current assets Property, plant and equipment Intangible assets Investment in equity accounted investees Deferred tax assets Derivative financial assets Other assets Total assets Current liabilities Accounts payable and accrued liabilities Less: current portion Income taxes payable Document...
For 2015 and 2014 calculate: Working Capital Current Ratio Quick ratio Do I need to subtract...
For 2015 and 2014 calculate:
Working Capital
Current Ratio
Quick ratio
Do I need to subtract the "Deferred income Taxes" to calculate
these ratios?
Please explain the procedure, thank you!
NIKE, INC. Consolidated Balance Sheets May 31, 2015 2014 $ 3,852 $ 2,072 3,358 4,337 389 1,968 15,976 3,011 281 131 2,201 21,600 $ 2,220 2,922 3,434 3,947 355 818 13,696 2,834 282 131 1,651 18,594 $ $ in millions) ASSETS Current assets: Cash and equivalents (Note 6) Short-term investment...
Use the NIKE's financial statements, Appendix D in the text book to answer the following questions....
Use the NIKE's financial statements, Appendix D in the text book
to answer the following questions. The ending balance of inventory
2014 was $4,025:
a. Calculate the inventory turnover for 2016 and 2015. Round to
2 decimal places.
b. Calculate the days' sales in inventory for 2016 and 2015
using 365 days.
c. Is the change in the inventory turnover and the days' sales
in inventory form 2015 to 2016 favorable or unfavorable?
D-4 Appendix D Selected Excerpts from Nike...
Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for...
Refer to the financial statements of The Home Depot in Appendix
A. (Note: Fiscal 2016 for The Home Depot runs from February 1,
2016, to January 29, 2017. As with many retail companies, The Home
Depot labels the period “Fiscal 2016” even though it ends in the
2017 calendar year. The label “Fiscal 2016” is appropriate because
Fiscal 2016 includes 11 months from the 2016 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to...
i need help with 1c and 2b. CARP: CH14 Long-Term Debt (Part III of the Corporate...
i
need help with 1c and 2b.
CARP: CH14 Long-Term Debt (Part III of the Corporate Annual Report Project) NOTE: ALL DOCUMENTATION TO SUPPORT YOUR ANSWERS MUST COME FROM THE FINANCIAL STATEMENTS AND/OR THE NOTES TO THE FINANCIAL STATEMENTS. 1. Locate the financial statement that reveals to the reader the debt balances at fiscal year end February 2, 2019. a. On what page of the annual report does that statement appear? F-7 b. What dollar amount does Macy's specifically report...
Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net...
Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7.737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense, net (125) (138) (161) Earnings before income taxes 976 1,185 1,189 Income tax expense (376) (465) (455) Net...
QUESTION 8 Incorrect Mark 0.00 out of 10.00 P Rlag question Edit question Analysis and Interpretation...
QUESTION 8 Incorrect Mark 0.00 out of 10.00 P Rlag question Edit question Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings 2016 2015 2014 For Fiscal Years Ended ($ millions) Net Sales Credit card revenues Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses Earnings before interest and income taxes Interest expense,...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data A...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requ...
Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense,...
a. Compute net nonoperating expenses (NNE) for 2016 and 2015.
Assume that combined federal and state statutory tax rate is 37%
for both fiscal years
b. Compute net nonoperating obligations (NNO) for 2016 and
2015
Income statements and balance sheets follow for Snap-On Incorporated. Refer to these financial statements to answer the requirements SNAP-ON INCORPORATED Consolidated Statements of Earnings (Amounts in millions) For the fiscal vear ended Net sales Cost of goods sold Gross profit Operating expenses 2016 $3,430.4 (1,720.8...
Could anyone help me identify which items are operating assets
and operating liabilities?
Consolidated Statement of Financial Position - CAD ($) $ in Millions Current assets Cash and cash equivalents Accounts receivable Contract assets Inventories Prepayments Income taxes recoverable Derivative financial assets Total current assets Property, plant and equipment Intangible assets Investment in equity accounted investees Deferred tax assets Derivative financial assets Other assets Total assets Current liabilities Accounts payable and accrued liabilities Less: current portion Income taxes payable Document...
For 2015 and 2014 calculate:
Working Capital
Current Ratio
Quick ratio
Do I need to subtract the "Deferred income Taxes" to calculate
these ratios?
Please explain the procedure, thank you!
NIKE, INC. Consolidated Balance Sheets May 31, 2015 2014 $ 3,852 $ 2,072 3,358 4,337 389 1,968 15,976 3,011 281 131 2,201 21,600 $ 2,220 2,922 3,434 3,947 355 818 13,696 2,834 282 131 1,651 18,594 $ $ in millions) ASSETS Current assets: Cash and equivalents (Note 6) Short-term investment...
Use the NIKE's financial statements, Appendix D in the text book
to answer the following questions. The ending balance of inventory
2014 was $4,025:
a. Calculate the inventory turnover for 2016 and 2015. Round to
2 decimal places.
b. Calculate the days' sales in inventory for 2016 and 2015
using 365 days.
c. Is the change in the inventory turnover and the days' sales
in inventory form 2015 to 2016 favorable or unfavorable?
D-4 Appendix D Selected Excerpts from Nike...
Refer to the financial statements of The Home Depot in Appendix
A. (Note: Fiscal 2016 for The Home Depot runs from February 1,
2016, to January 29, 2017. As with many retail companies, The Home
Depot labels the period “Fiscal 2016” even though it ends in the
2017 calendar year. The label “Fiscal 2016” is appropriate because
Fiscal 2016 includes 11 months from the 2016 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to...
i
need help with 1c and 2b.
CARP: CH14 Long-Term Debt (Part III of the Corporate Annual Report Project) NOTE: ALL DOCUMENTATION TO SUPPORT YOUR ANSWERS MUST COME FROM THE FINANCIAL STATEMENTS AND/OR THE NOTES TO THE FINANCIAL STATEMENTS. 1. Locate the financial statement that reveals to the reader the debt balances at fiscal year end February 2, 2019. a. On what page of the annual report does that statement appear? F-7 b. What dollar amount does Macy's specifically report...
Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7.737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense, net (125) (138) (161) Earnings before income taxes 976 1,185 1,189 Income tax expense (376) (465) (455) Net...
QUESTION 8 Incorrect Mark 0.00 out of 10.00 P Rlag question Edit question Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings 2016 2015 2014 For Fiscal Years Ended ($ millions) Net Sales Credit card revenues Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses Earnings before interest and income taxes Interest expense,...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
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