Prepare a “common sized” income statement and balance sheet for the most recently reported fiscal year.(...
Prepare a “common sized” income statement and balance sheet for
the most
recently reported fiscal year.( for Nordstorm Inc.) for the last
three year.
Income Statement
All numbers in thousands
| Revenue | 2/2/2019 | 2/3/2018 | 1/28/2017 | 1/30/2016 |
| Total Revenue | 15,860,000 | 15,478,000 | 14,757,000 | 14,437,000 |
| Cost of Revenue | 10,155,000 | 9,890,000 | 9,440,000 | 9,333,000 |
| Gross Profit | 5,705,000 | 5,588,000 | 5,317,000 | 5,104,000 |
| Operating Expenses | ||||
| Research Development | - | - | - | - |
| Selling General and Administrative | 4,796,000 | 4,662,000 | 4,315,000 | 3,957,000 |
| Non Recurring | - | - | - | - |
| Others | - | - | - | - |
| Total Operating Expenses | 14,951,000 | 14,552,000 | 13,755,000 | 13,290,000 |
| Operating Income or Loss | 909,000 | 926,000 | 1,002,000 | 1,147,000 |
| Income from Continuing Operations | ||||
| Total Other Income/Expenses Net | -176,000 | -136,000 | -318,000 | -171,000 |
| Earnings Before Interest and Taxes | 909,000 | 926,000 | 1,002,000 | 1,147,000 |
| Interest Expense | -119,000 | -141,000 | -122,000 | -112,000 |
| Income Before Tax | 733,000 | 790,000 | 684,000 | 976,000 |
| Income Tax Expense | 169,000 | 353,000 | 330,000 | 376,000 |
| Minority Interest | - | - | - | - |
| Net Income From Continuing Ops | 564,000 | 437,000 | 354,000 | 600,000 |
| Non-recurring Events | ||||
| Discontinued Operations | - | - | - | - |
| Extraordinary Items | - | - | - | - |
| Effect Of Accounting Changes | - | - | - | - |
| Other Items | - | - | - | - |
| Net Income | ||||
| Net Income | 564,000 | 437,000 | 354,000 | 600,000 |
| Preferred Stock And Other Adjustments | - | - | - | - |
| Net Income Applicable To Common Shares | 564,000 | 437,000 | 354,000 | 600,000 |
Balance Sheet
All numbers in thousands
| Period Ending | 2/2/2019 | 2/3/2018 | 1/28/2017 | 1/30/2016 |
| Current Assets | ||||
| Cash And Cash Equivalents | 957,000 | 1,181,000 | 1,007,000 | 595,000 |
| Short Term Investments | - | - | - | - |
| Net Receivables | 148,000 | 145,000 | 199,000 | 196,000 |
| Inventory | 1,978,000 | 2,027,000 | 1,896,000 | 1,945,000 |
| Other Current Assets | - | - | - | - |
| Total Current Assets | 3,374,000 | 3,503,000 | 3,242,000 | 3,014,000 |
| Long Term Investments | - | - | - | - |
| Property Plant and Equipment | 3,921,000 | 3,939,000 | 3,897,000 | 3,735,000 |
| Goodwill | 249,000 | 238,000 | 238,000 | 435,000 |
| Intangible Assets | - | - | - | - |
| Accumulated Amortization | - | - | - | - |
| Other Assets | 342,000 | 435,000 | 481,000 | 514,000 |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 7,886,000 | 8,115,000 | 7,858,000 | 7,698,000 |
| Current Liabilities | ||||
| Accounts Payable | 1,469,000 | 1,409,000 | 1,340,000 | 1,324,000 |
| Short/Current Long Term Debt | 8,000 | 56,000 | 11,000 | 10,000 |
| Other Current Liabilities | 1,324,000 | 1,246,000 | 1,223,000 | 1,161,000 |
| Total Current Liabilities | 3,381,000 | 3,289,000 | 3,029,000 | 2,911,000 |
| Long Term Debt | 2,677,000 | 2,681,000 | 2,763,000 | 2,795,000 |
| Other Liabilities | 955,000 | 1,168,000 | 1,196,000 | 1,121,000 |
| Deferred Long Term Liability Charges | - | - | - | - |
| Minority Interest | - | - | - | - |
| Negative Goodwill | - | - | - | - |
| Total Liabilities | 7,013,000 | 7,138,000 | 6,988,000 | 6,827,000 |
| Stockholders' Equity | ||||
| Misc. Stocks Options Warrants | - | - | - | - |
| Redeemable Preferred Stock | - | - | - | - |
| Preferred Stock | - | - | - | - |
| Common Stock | 3,048,000 | 2,816,000 | 2,707,000 | 2,539,000 |
| Retained Earnings | -2,138,000 | -1,810,000 | -1,794,000 | -1,610,000 |
| Treasury Stock | -37,000 | -29,000 | -43,000 | -58,000 |
| Capital Surplus | - | - | - | - |
| Other Stockholder Equity | -37,000 | -29,000 | -43,000 | -58,000 |
| Total Stockholder Equity | 873,000 | 977,000 | 870,000 | 871,000 |
| Net Tangible Assets | 624,000 | 739,000 | 632,000 | 436,000 |
Homework Answers
Common Size Income Statement
| Revenue | 02-02-2019 | 02-03-2018 | 1/28/2017 |
| Total Revenue | 100.00% | 100.00% | 100.00% |
| Cost of Revenue | 64.03% | 63.90% | 63.97% |
| Gross Profit | 35.97% | 36.10% | 36.03% |
| Operating Expenses | |||
| Research Development | 0.00% | 0.00% | 0.00% |
| Selling General and Administrative | 30.24% | 30.12% | 29.24% |
| Non Recurring | 0.00% | 0.00% | 0.00% |
| Others | 0.00% | 0.00% | 0.00% |
| Total Operating Expenses | 94.27% | 94.02% | 93.21% |
| Operating Income or Loss | 5.73% | 5.98% | 6.79% |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | 1.11% | 0.88% | 2.15% |
| Earnings Before Interest and Taxes | 5.73% | 5.98% | 6.79% |
| Interest Expense | 0.75% | 0.91% | 0.83% |
| Income Before Tax | 4.62% | 5.10% | 4.64% |
| Income Tax Expense | 1.07% | 2.28% | 2.24% |
| Minority Interest | 0.00% | 0.00% | |
| Net Income From Continuing Ops | 3.56% | 2.82% | 2.40% |
| Non-recurring Events | |||
| Discontinued Operations | 0.00% | 0.00% | 0.00% |
| Extraordinary Items | 0.00% | 0.00% | 0.00% |
| Effect Of Accounting Changes | 0.00% | 0.00% | 0.00% |
| Other Items | 0.00% | 0.00% | 0.00% |
| Net Income | |||
| Net Income | 3.56% | 2.82% | 2.40% |
| Preferred Stock And Other Adjustments | 0.00% | 0.00% | 0.00% |
| Net Income Applicable To Common Shares | 3.56% | 2.82% | 2.40% |
Common Size Balance Sheet
| Period Ending | 02-02-2019 | 02-03-2018 | 1/28/2017 |
| Current Assets | |||
| Cash And Cash Equivalents | 12.14% | 14.55% | 12.81% |
| Short Term Investments | 0.00% | 0.00% | 0.00% |
| Net Receivables | 1.88% | 1.79% | 2.53% |
| Inventory | 25.08% | 24.98% | 24.13% |
| Other Current Assets | 0.00% | 0.00% | 0.00% |
| Total Current Assets | 42.78% | 43.17% | 41.26% |
| Long Term Investments | 0.00% | 0.00% | 0.00% |
| Property Plant and Equipment | 49.72% | 48.54% | 49.59% |
| Goodwill | 3.16% | 2.93% | 3.03% |
| Intangible Assets | 0.00% | 0.00% | 0.00% |
| Accumulated Amortization | 0.00% | 0.00% | 0.00% |
| Other Assets | 4.34% | 5.36% | 6.12% |
| Deferred Long Term Asset Charges | 0.00% | 0.00% | 0.00% |
| Total Assets | 100.00% | 100.00% | 100.00% |
| Current Liabilities | |||
| Accounts Payable | 18.63% | 17.36% | 17.05% |
| Short/Current Long Term Debt | 0.10% | 0.69% | 0.14% |
| Other Current Liabilities | 16.79% | 15.35% | 15.56% |
| Total Current Liabilities | 42.87% | 40.53% | 38.55% |
| Long Term Debt | 33.95% | 33.04% | 35.16% |
| Other Liabilities | 12.11% | 14.39% | 15.22% |
| Deferred Long Term Liability Charges | 0.00% | 0.00% | 0.00% |
| Minority Interest | 0.00% | 0.00% | 0.00% |
| Negative Goodwill | 0.00% | 0.00% | 0.00% |
| Total Liabilities | 88.93% | 87.96% | 88.93% |
| Stockholders' Equity | |||
| Misc. Stocks Options Warrants | 0.00% | 0.00% | 0.00% |
| Redeemable Preferred Stock | 0.00% | 0.00% | 0.00% |
| Preferred Stock | 0.00% | 0.00% | 0.00% |
| Common Stock | 38.65% | 34.70% | 34.45% |
| Retained Earnings | 27.11% | 22.30% | 22.83% |
| Treasury Stock | 0.47% | 0.36% | 0.55% |
| Capital Surplus | 0.00% | 0.00% | 0.00% |
| Other Stockholder Equity | 0.47% | 0.36% | 0.55% |
| Total Stockholder Equity | 11.07% | 12.04% | 11.07% |
| Net Tangible Assets | 7.91% | 9.11% | 8.04% |
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