Homework Answers
E-19
| Transaction | Net Profit Margin | Return on Assets | Current Ratio | |
| a | NE | NE | - | Since cash is decreased |
| b | - | - | - | Rent expense paid in cash |
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E5-19 LO5-4 Determining the Effects of Transactions on Ratios What would be the direction of the...
E5-17 LO5-4 Analyzing and Interpreting Return on Assets The TJX Companies, Inc., which operates the T.J....
E5-17 LO5-4 Analyzing and Interpreting Return on Assets The TJX Companies, Inc., which operates the T.J. Maxx, Marshalls, and HomeGoods chains, is th ing off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are se recent income statement and balance sheet amounts (dollars in thousands). Current Year Prior Year Net sales $33.183,744 $30,944,938 Net income 2.298.234 2,277,658 Average shareholders' equity 4,408,837 4,285,653 Average total assets 12,187,120 11,239,591 Source: The TIX Companies, Inc. Required: 1. Compute ROA...
The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, is the leading...
The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year $33,503,760 3,498, 250 5,608,850 13,387,140 Prior Year $32,144,960 3,477,670 5,485,670 12,439,610 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal...
Computing and Interpreting Financial Statement Ratios Following are selected ratios of Colgate-Palmolive for 2015 and 2014....
Computing and Interpreting Financial Statement Ratios Following are selected ratios of Colgate-Palmolive for 2015 and 2014. Return on Assets(ROA) Component 2015 2014 Profitability (Net income/Sales) 8.50% 12.50% Productivity (Sales/Average assets) 1.42 1.29 a. Was the company profitable in 2015? What evidence do you have of this? No, Colgate-Palmolive was not profitable as evidenced by its decrease in its net profit margin. Yes, Colgate-Palmolive was profitable as evidenced by its positive net profit margin. Mark 1.00 out of 1.00 b. Is...
Compute RNOA, Net Operating Profit Margin, and NOA Turnover for Competitors Selected balance sheet and income...
Compute RNOA, Net Operating Profit Margin, and NOA Turnover for Competitors Selected balance sheet and income statement information for the fiscal year ended February 2, 2019, for Abercrombie & Fitch Co. and TJX Companies Inc., clothing retailers in the high-end and value-priced segments, respectively, follows. Current Prior Year Net Year Net Operating Operating Assets Assets Company ($ millions) Ticker Abercrombie & Fitch ANE TJX Companies TJX Sales NOPAT $3,590.10 $87.40 38,972.90 3,066.70 $792.30 $877.30 4,252.00 4,114.30 Compute the following ratios...
4. Explain what the following ratios communicate about the business. a. Gross profit margin (2 marks)...
4. Explain what the following ratios communicate about the business. a. Gross profit margin (2 marks) b. Operating profit margin (2 marks) c. Return on assets (ROA) (2 marks) d. Return on equity (ROE) (2 marks) e. Gearing ratio (2 marks) f. Inventory turnover (2 marks) g. Interest coverage ratio (2 marks) h. Earnings per share (2 marks) i. Price earnings ratio (2 marks) j. Dividend yield (2 marks) k. Dividend payout ratio (2 marks) l. Net working capital (2...
Analysis and Interpretation of Return on Investment for Competitors Balance sheets and income statements for The...
Analysis and Interpretation of Return on Investment for Competitors Balance sheets and income statements for The Home Depot, Inc., and Lowe's Companies, Inc., follow. Refer to these financial statements to answer the requirements. P5-38. Analyzing and Interpreting Financial Statemen HOME DEPOT, INC. LOWE'S 2014 2013 2014 ..$ 1,723 $1,929 466s 11,079 11,0578,911 Balance Sheets S millions) 125 1,398911 9,127 Cash and cash equivalents Short-term investments.... Receivables, net 1.016 95578 15,302 15,27910,080 22,720 23,348 20,034 1,289 BO10.296 Other current assets Total...
Calculate the following ratios based on Wendy's 2017 and 2018 financial statements and comment on the...
Calculate the following ratios based on Wendy's 2017 and 2018
financial statements and comment on the differences between FY 2017
and FY 2018.
Wendy's
FY 2017
FY 2018
Liquidity
Current Ratio:
Quick Ratio:
Comments on the companies' liquidity - what do the numbers
say?
Asset Management
Total Asset Turnover:
Avg Collection Period:
Comments on the companies' asset management - what do the numbers
say?
Debt Management
Total Debt to Total Assets:
Times Interest Earned:
Comments on the companies' debt management...
E13-19 (L04) (Ratio Computations and Effect of Transactions) Presented below is information related to Carver Inc...
E13-19 (L04) (Ratio Computations and Effect of Transactions) Presented below is information related to Carver Inc CARVER INC. BALANCE SHEET DECEMBER 31, 2017 50,000 32,000 5,000 260,000 141,000 Cash Receivables $ 45,000 Notes payable (short-term) Accounts payable Accrued liabilities Common stock (par $5) Retained earnings $110,000 15,000 Less: Allowance Inventory Prepaid insurance Land Equipment (net) 95,000 170,000 8,000 20,000 150,000 $488,000 $488,000 CARVER INC INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $1,400,000 Cost of goods sold...
E13.19 (LO 4) (Ratio Computations and Effect of Transactions) Presented below is information related to Carver...
E13.19 (LO 4) (Ratio Computations and Effect of Transactions) Presented below is information related to Carver Inc. Carver Inc. Balance Sheet December 31, 2020 Cash $ 45,000 Notes payable (short-term) $ 50,000 Receivables $110,000 Accounts payable 32,000 Less: Allowance 15,000 95,000 Accrued liabilities 5,000 Inventory 170,000 Common stock (par $5) 260,000 Prepaid insurance 8,000 Retained earnings 141,000 Land 20,000 Equipment (net) 150,000 $488,000 $488,000 Carver Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $1,400,000 Cost of...
12. The effect of transactions on ratios Aa Aa E You've been asked to tutor Adaira,...
12. The effect of transactions on ratios Aa Aa E You've been asked to tutor Adaira, a finance student who doesn't feel comfortable about her understanding of the relationship between a company's business activities, its financial accounts, and the company's financial ratios. To better appreciate these relationships, you've created the following exercises for Adaira to complete. The purpose of these exercises is to help Adaira (1) understand the effect of business transactions on financial statement-such as balance sheet and income...
E5-17 LO5-4 Analyzing and Interpreting Return on Assets The TJX Companies, Inc., which operates the T.J. Maxx, Marshalls, and HomeGoods chains, is th ing off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are se recent income statement and balance sheet amounts (dollars in thousands). Current Year Prior Year Net sales $33.183,744 $30,944,938 Net income 2.298.234 2,277,658 Average shareholders' equity 4,408,837 4,285,653 Average total assets 12,187,120 11,239,591 Source: The TIX Companies, Inc. Required: 1. Compute ROA...
The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year $33,503,760 3,498, 250 5,608,850 13,387,140 Prior Year $32,144,960 3,477,670 5,485,670 12,439,610 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal...
Compute RNOA, Net Operating Profit Margin, and NOA Turnover for Competitors Selected balance sheet and income statement information for the fiscal year ended February 2, 2019, for Abercrombie & Fitch Co. and TJX Companies Inc., clothing retailers in the high-end and value-priced segments, respectively, follows. Current Prior Year Net Year Net Operating Operating Assets Assets Company ($ millions) Ticker Abercrombie & Fitch ANE TJX Companies TJX Sales NOPAT $3,590.10 $87.40 38,972.90 3,066.70 $792.30 $877.30 4,252.00 4,114.30 Compute the following ratios...
Analysis and Interpretation of Return on Investment for Competitors Balance sheets and income statements for The Home Depot, Inc., and Lowe's Companies, Inc., follow. Refer to these financial statements to answer the requirements. P5-38. Analyzing and Interpreting Financial Statemen HOME DEPOT, INC. LOWE'S 2014 2013 2014 ..$ 1,723 $1,929 466s 11,079 11,0578,911 Balance Sheets S millions) 125 1,398911 9,127 Cash and cash equivalents Short-term investments.... Receivables, net 1.016 95578 15,302 15,27910,080 22,720 23,348 20,034 1,289 BO10.296 Other current assets Total...
Calculate the following ratios based on Wendy's 2017 and 2018
financial statements and comment on the differences between FY 2017
and FY 2018.
Wendy's
FY 2017
FY 2018
Liquidity
Current Ratio:
Quick Ratio:
Comments on the companies' liquidity - what do the numbers
say?
Asset Management
Total Asset Turnover:
Avg Collection Period:
Comments on the companies' asset management - what do the numbers
say?
Debt Management
Total Debt to Total Assets:
Times Interest Earned:
Comments on the companies' debt management...
E13-19 (L04) (Ratio Computations and Effect of Transactions) Presented below is information related to Carver Inc CARVER INC. BALANCE SHEET DECEMBER 31, 2017 50,000 32,000 5,000 260,000 141,000 Cash Receivables $ 45,000 Notes payable (short-term) Accounts payable Accrued liabilities Common stock (par $5) Retained earnings $110,000 15,000 Less: Allowance Inventory Prepaid insurance Land Equipment (net) 95,000 170,000 8,000 20,000 150,000 $488,000 $488,000 CARVER INC INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $1,400,000 Cost of goods sold...
12. The effect of transactions on ratios Aa Aa E You've been asked to tutor Adaira, a finance student who doesn't feel comfortable about her understanding of the relationship between a company's business activities, its financial accounts, and the company's financial ratios. To better appreciate these relationships, you've created the following exercises for Adaira to complete. The purpose of these exercises is to help Adaira (1) understand the effect of business transactions on financial statement-such as balance sheet and income...
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