Homework Answers
Question 1. (Wal- Mart Stores, Inc.)
Question No. 20.
Current Ratio = Current Assets/ Current Liabilities
Current Ratio = $59,940,000/ $71,818,000
Current Ratio = .83
Question No. 21.
Acid Test Ratio = (Current Assets - Inventories - Other Current Assets)/ Current Liabilities
Acid Test Ratio = ($59,940,000 - $43,803,000 - $1,588,000)/ $71,818,000
Acid Test Ratio = .20
Question No. 22.
Accounts Receivable Turnover = Sales/ Average Accounts Receivable
Average Accounts Receivable = ($6,768,000 + $5,937,000)/ 2
Average Accounts Receivable = $6,352,500
Accounts Receivable Turnover = $469,162,000/ $6,352,500
Accounts Receivable Turnover = 73.85 times
Question No. 23.
Inventory Turnover = Cost of Goods sold/ Average Inventory
Average Inventory = ($43,803,000 + $40,714,000)/ 2
Average Inventory = $42,258,500
Inventory Turnover = $352,488,000/ $42,258,500
Inventory Turnover = 8.34 times
Question No. 24.
Profit Margin = Net Income/ Sales * 100
Profit Margin = $16,999,000/ $469,162,000 * 100
Profit Margin = 3.62%
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Use Wal-Mart's financial statements to compute the following ratios (20-31) for the year ended January 31,...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 20...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Period Ending Jan 31, 2013 Total Revenue 469,162.000 121.849,000 314,946,000 Cost of Revenue 446.950,000 335,127,000 111,823,000 352,488,000 Gross Profit 116,674,000 106,903,000 Operating Expenses Research Development Selling General and Administrative 88,873,000 85,265,000 000 Non Recudine Others Total Operating Expenses Operating Income or Loss 27,801.000 26,558,000 25.542.000 Income from Continuing Operations Total Other Income/Expenses Net Eamings Before Interest And Taxes Interest Expense 187,000...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue Cost of Revenue 469.162.000 352488,000 446.950.000 335,127.000 4 21.849.000 314,946,000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative No. Recucina Others 88,873,000 85,265,000 81.361.000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations 187,000 Total Other Income/Expenses Net Earings Before Interest And Taxes Interest...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue 469,162,000 421,849,000 446,950,000 335,127,000 Cost of Revenue 352.488,000 314,948.000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative Non. Recurring Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue 469,162,000 421,849,000 446,950,000 335,127,000 Cost of Revenue 352.488,000 314,948.000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative Non. Recurring Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Wal-Mart Stores Inc. (WMT) Income Statement View. Annual Data All numbers in thousands Period Ending Jan 31, 2...
Wal-Mart Stores Inc. (WMT) Income Statement View. Annual Data All numbers in thousands Period Ending Jan 31, 2013 Jan 31, 2012 Jan 31, 2011 Total Revenue 469,162,000 446,950,000 335,127.000 Cost of Revenge 352.488,000 421,849,000 314.948.000 106.903.000 116,674,000 111,823,000 Gross Profit Operating Expenses Research Develoment Seling General and Administrative No. Recurrina Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating income or Loss 27.801.000 26.558.000 25.542.000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold $4,110,000 2,680,000 $1,430,000 729,000 298,000 $ 403,000 80,700 S 322,300 210,000 $ 112,300 10,000 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 102,300 150,000 อ. 68 Statement of Retained Earnings For the...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Pa...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Panel A Balance Sheet: DEBIT CREDIT 12/31/2018 Cash Accounts Receivable 15,300 4,330 14,600 (500) 33,730 19,800 5,330 16,300 (700) Plant Assets 1,700 Accumulated Depreciation 40,730 Total Assets Accounts Payable 6,700 5,400 Common Stock, no par 5,300 28,130 22,830 4,200 33,730 5,500 Retained Earnings 7,200 40,730 Total Liabilities and Stockholders' Equity Panel B_Statement of Cash Flows: 200 Cash Flows from Operating Activities: Net Income Adjustments...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales revenues 2015 2014 S 1,310 1,240 Cost of goods sold Gross profit Depreciation expense 510 136 369 521 120 341 Income from continuing operations Financial (interest) expense Income tax expense (benefit) Net income (loss) 24 0.48 Earnings (loss) per share Statements of Shareholders' Equity (in thousands, except par value) Balance as of January 1, 2014 Common stock issued, $1 par value Net income Dividends...
Amazon.com, Inc.’s financial statements are presented in Appendix D. . Financial statements of Wal-Mart Stores, Inc....
Amazon.com, Inc.’s financial statements are
presented in Appendix D.
.
Financial statements of Wal-Mart Stores, Inc. are
presented in Appendix E.
(b) What conclusions concerning the management of
cash can be drawn from free cash flow for each company?
AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 8,658 $ 14,557 $ 2016 15,890 (241) 596 2,371 4,746 1,497 129 6.281 2,119 155 250 81 (119) 59 8,116 2.975 160 (20) (246) (829) (316)...
Amazon.com, Inc.’s financial statements are presented Financial statements of Wal-Mart Stores, Inc. are presented (a) Based...
Amazon.com, Inc.’s financial statements are
presented
Financial statements of Wal-Mart Stores, Inc. are
presented
(a)
Based on the information contained in these financial statements,
compute free cash flow for Amazon at December 31, 2016 and Wal-Mart
for January 31, 2017. (Show a negative free cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
Enter amounts in millions.)
Amazon.com, Inc.
Wal-Mart Stores, Inc.
Free cash flow
$Enter the amount in millions
of dollars
$Enter the amount...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Period Ending Jan 31, 2013 Total Revenue 469,162.000 121.849,000 314,946,000 Cost of Revenue 446.950,000 335,127,000 111,823,000 352,488,000 Gross Profit 116,674,000 106,903,000 Operating Expenses Research Development Selling General and Administrative 88,873,000 85,265,000 000 Non Recudine Others Total Operating Expenses Operating Income or Loss 27,801.000 26,558,000 25.542.000 Income from Continuing Operations Total Other Income/Expenses Net Eamings Before Interest And Taxes Interest Expense 187,000...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue Cost of Revenue 469.162.000 352488,000 446.950.000 335,127.000 4 21.849.000 314,946,000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative No. Recucina Others 88,873,000 85,265,000 81.361.000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations 187,000 Total Other Income/Expenses Net Earings Before Interest And Taxes Interest...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue 469,162,000 421,849,000 446,950,000 335,127,000 Cost of Revenue 352.488,000 314,948.000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative Non. Recurring Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Wal-Mart Stores Inc. (WMT) Income Statement View: Annual Data All numbers in thousands Jan 31, 2012 Jan 31, 2011 Jan 31, 2013 Period Ending Total Revenue 469,162,000 421,849,000 446,950,000 335,127,000 Cost of Revenue 352.488,000 314,948.000 116,674,000 111,823,000 106,903,000 Gross Profit Operating Expenses Research Development Selling General and Administrative Non. Recurring Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating Income or Loss 27,801,000 26,558,000 25,542,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Wal-Mart Stores Inc. (WMT) Income Statement View. Annual Data All numbers in thousands Period Ending Jan 31, 2013 Jan 31, 2012 Jan 31, 2011 Total Revenue 469,162,000 446,950,000 335,127.000 Cost of Revenge 352.488,000 421,849,000 314.948.000 106.903.000 116,674,000 111,823,000 Gross Profit Operating Expenses Research Develoment Seling General and Administrative No. Recurrina Others 88,873,000 85,265,000 81,361,000 Total Operating Expenses Operating income or Loss 27.801.000 26.558.000 25.542.000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold $4,110,000 2,680,000 $1,430,000 729,000 298,000 $ 403,000 80,700 S 322,300 210,000 $ 112,300 10,000 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 102,300 150,000 อ. 68 Statement of Retained Earnings For the...
Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Transaction Analysis Balance Balance 12/31/2017 Panel A Balance Sheet: DEBIT CREDIT 12/31/2018 Cash Accounts Receivable 15,300 4,330 14,600 (500) 33,730 19,800 5,330 16,300 (700) Plant Assets 1,700 Accumulated Depreciation 40,730 Total Assets Accounts Payable 6,700 5,400 Common Stock, no par 5,300 28,130 22,830 4,200 33,730 5,500 Retained Earnings 7,200 40,730 Total Liabilities and Stockholders' Equity Panel B_Statement of Cash Flows: 200 Cash Flows from Operating Activities: Net Income Adjustments...
Comprehensive Problem (Chapter 2) Extreme Edge Ine. Income Statements For the Year Ended December 31 Sales revenues 2015 2014 S 1,310 1,240 Cost of goods sold Gross profit Depreciation expense 510 136 369 521 120 341 Income from continuing operations Financial (interest) expense Income tax expense (benefit) Net income (loss) 24 0.48 Earnings (loss) per share Statements of Shareholders' Equity (in thousands, except par value) Balance as of January 1, 2014 Common stock issued, $1 par value Net income Dividends...
Amazon.com, Inc.’s financial statements are
presented in Appendix D.
.
Financial statements of Wal-Mart Stores, Inc. are
presented in Appendix E.
(b) What conclusions concerning the management of
cash can be drawn from free cash flow for each company?
AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 8,658 $ 14,557 $ 2016 15,890 (241) 596 2,371 4,746 1,497 129 6.281 2,119 155 250 81 (119) 59 8,116 2.975 160 (20) (246) (829) (316)...
Amazon.com, Inc.’s financial statements are
presented
Financial statements of Wal-Mart Stores, Inc. are
presented
(a)
Based on the information contained in these financial statements,
compute free cash flow for Amazon at December 31, 2016 and Wal-Mart
for January 31, 2017. (Show a negative free cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
Enter amounts in millions.)
Amazon.com, Inc.
Wal-Mart Stores, Inc.
Free cash flow
$Enter the amount in millions
of dollars
$Enter the amount...
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