ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4,...
ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12
The following data are
based on information in the 2016 annual report of Cracker Barrel
Old Country Store. As of July 29, 2016, Cracker Barrel operated 595
restaurants and gift shops in 43 states. Dollar amounts are in
thousands.
| 2016 | 2015 | ||||||
| Assets | $ | 1,432,067 | $ | 1,315,181 | |||
| Liabilities | 1,170,450 | 1,123,559 | |||||
| Stockholders’ equity | 261,617 | 191,622 | |||||
| Revenues | 2,544,515 | 2,437,285 | |||||
| Expenses | 2,389,257 | 2,315,359 | |||||
| Dividends | 19,865 | 19,531 | |||||
| Retained earnings at end of 2014 | $ | 120,850 | |||||
Required
a. Calculate the company’s net income and retained
earnings for 2015 and 2016.
b. Calculate the percentage increased/decreased in
the company's revenue and net income.
c. For each year, calculate the company’s net
income as a percentage of its revenues.
d. Did the company perform better in 2015 or
2016?
Homework Answers
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ATC 2-3 Business Application Case Analyzing earnings information using real-world data LO 2-1, 2-2, 2-3, 2-4,...
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Required information
The following are the consolidated statement of earnings and the
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THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data
January
31,2016
February
1, 2015
February
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NET SALES
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$
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$
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47,283
51,349
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24,011
26,010
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Korbin Company
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Required information
The following are the consolidated statement of earnings and the
balance sheet of Home Depot, Inc and Subsidiaries.
THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal Year Ended(1)
amounts in millions, except per share data
January
31,2016
February
1, 2015
February
2, 2014
NET SALES
$
66,181
$
71,294
$
77,359
Cost of Sales
43,756
47,283
51,349
GROSS PROFIT
22,425
24,011
26,010
Operating Expenses:
Selling, General and Administrative
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17,832
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Depreciation and Amortization
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