Business Applications Case Performing ratio analysis using real-world data
The following data were taken from Jack in the Box (.HB) 2008 annual report. All dollar amounts E are in millions.
| Fiscal Years Ending | |
| September 28, 2008 | September 30, 2007 |
Revenue | $2,539.6 | $2,876.0 |
Cost of goods sold | 974.4 | 1,263.0 |
Net income | 119.3 | 126.3 |
Required
a. Compute JIB’s gross margin percentage for 2008 and 2007.
b. Compute JIB’s return on sales percentage for 2008 and 2007.
c. Based on the percentages computed in Requirements a and b, did JIB’s performance get better or worse from 2007 to 2008?
d. Compare JIB’s gross margin percentages and return on sales percentages to those of the other real-world companies discussed in this chapter and discuss whether or not it appears to have better than average financial performance or not.
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