The comparative financial statements of Highland Cosmetic Supply
for 2016,2015, and 2014 include the data shown...
The comparative financial statements of Highland Cosmetic Supply
for 2016,2015, and 2014 include the data shown here?
2016
2015
2014
Balance sheet—partial
Current Assets:
Cash
$90,000
$60,000
$40,000
Short-term Investments
150,000
175,000
135,000
Accounts Receivable, Net
290,000
260,000
240,000
Merchandise Inventory
360,000
345,000
330,000
Prepaid Expenses
78,000
25,000
60,000
Total Current Assets
968,000
865,000
805,000
Total Current Liabilities
580,000
610,000
680,000
Income statement—partial
Net Sales (all on account)
5,850,000
5,130,000
4,240,000
Requirements
1.
Compute these ratios for
2016
and
2015...
CHAPTER 2 PROBLEMS/CORPORATE FINANCE
P2-1 The following data
apply to A.L. Kaiser & Company ($ million):...
CHAPTER 2 PROBLEMS/CORPORATE FINANCE
P2-1 The following data
apply to A.L. Kaiser & Company ($ million):
Cash and
equivalents………………………………………………………………………………………………….$100.00
Fixed
assets…………………………………………………………………………………………………………………$283.50
Sales$..............................................................................................................................1,000.00
Net income………………………………………………………………………………………………………………….$50.00
Quick
ratio…………………………………………………………………………………………………...................2.0x
Current
ratio………………………………………………………………………………………………………………..3.0x
DSO ……………………………………………………………………………………………………………………………40.0 days
ROE……………………………………………………………………………………………………………………………..12.0%
Kaiser has no preferred stock—only common equity, current
liabilities, and long-term debt.
Find Kaiser’s (1) accounts receivable (A/R), (2) current
liabilities, (3) current assets, (4) total assets, (5) ROA, (6)
common equity, and (7) long-term debt.
P2-2 Data for Unilate
Textiles’ 2015 financial statements are given in Tables...
Problem 17-2A Ratios, common-size statements, and trend percents
LO P1, P2, P3 [The following information applies...
Problem 17-2A Ratios, common-size statements, and trend percents
LO P1, P2, P3 [The following information applies to the questions
displayed below.] Selected comparative financial statements of
Korbin Company follow: KORBIN COMPANY Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015
Sales $505,425 $387,197 $268,700 Cost of goods sold 304,266 243,547
171,968 Gross profit 201,159 143,650 96,732 Selling expenses 71,770
53,433 35,468 Administrative expenses 45,488 34,073 22,302 Total
expenses 117,258 87,506 57,770 Income before taxes...
Comparing Abercrombie & Fitch and TJX
Companies
Following are selected financial statement data from Abercrombie
&...
Comparing Abercrombie & Fitch and TJX
Companies
Following are selected financial statement data from Abercrombie
& Fitch (ANF-upscale clothing retailer) and TJX Companies
(TJX-value-priced clothing retailer including TJ Maxx).
($ thousands)
Company
Total Assets
Net Income
Sales
2015
TJX Companies Inc.
$10,988,750
2016
TJX Companies Inc.
11,499,482
$2,277,658
$30,944,938
2015
Abercrombie & Fitch
2,505,167
2016
Abercrombie & Fitch
2,443,039
35,576
3,518,680
(a) Compute the return on assets for both companies for the year
ended 2016.
Round your answers to one...
2.
Consider the information below for Colgate-Palmolive Company and
its industry
USD mil
Colgate-Palmolive
2012...
2.
Consider the information below for Colgate-Palmolive Company and
its industry
USD mil
Colgate-Palmolive
2012
2013
2014
2015
Revenue
16,734
17,085
17,420
17,277
Net income
2,431
2,472
2,241
2,180
Total Assets
12,724
13,394
13,876
13,459
Shareholders’ Equity
6,953
7,163
7,303
7,917
Industry
2015
Profit Margin
10.58%
Total Asset Turnover
0.74
Leverage
2.28
ROE
17.85%
Calculate the return on assets and the return on...
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced at...
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced at par, so the market value of its debt
equals its book value. Since dollars are in thousands, number of
shares are shown in thousands too.
Barry Computer Company:
Balance Sheet as of December 31, 2018 (In
Thousands)
Cash
$212,520
Accounts payable
$182,160
Receivables
516,120
Other current liabilities
136,620
Inventories
425,040
Notes payable to bank
182,160
Total current assets
$1,153,680
Total current liabilities
$500,940
Long-term...
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced at...
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced at par, so the market value of its debt
equals its book value. Since dollars are in thousands, number of
shares are shown in thousands too.
Barry Computer Company:
Balance Sheet as of December 31, 2019 (In
Thousands)
Cash
$
93,800
Accounts payable
$
150,080
Receivables
234,500
Other current liabilities
93,800
Inventories
206,360
Notes payable to bank
93,800
Total current assets
$
534,660
Total current...
eBook
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced...
eBook
Data for Barry Computer Co. and its industry averages follow.
The firm's debt is priced at par, so the market value of its debt
equals its book value. Since dollars are in thousands, number of
shares are shown in thousands too.
Barry Computer Company:
Balance Sheet as of December 31, 2019 (In
Thousands)
Cash
$
249,900
Accounts payable
$
249,900
Receivables
678,300
Other current liabilities
232,050
Inventories
428,400
Notes payable to bank
89,250
Total current assets
$
1,356,600
Total...
Problem 17-2A Ratios, common-size statements, and trend percents
LO P1, P2, P3 [The following information applies...
Problem 17-2A Ratios, common-size statements, and trend percents
LO P1, P2, P3 [The following information applies to the questions
displayed below.] Selected comparative financial statements of
Korbin Company follow: KORBIN COMPANY Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015
Sales $505,425 $387,197 $268,700 Cost of goods sold 304,266 243,547
171,968 Gross profit 201,159 143,650 96,732 Selling expenses 71,770
53,433 35,468 Administrative expenses 45,488 34,073 22,302 Total
expenses 117,258 87,506 57,770 Income before taxes...
Ratio Analysis
Data for Barry Computer Co. and its industry averages
follow.
Barry Computer Company:
Balance...
Ratio Analysis
Data for Barry Computer Co. and its industry averages
follow.
Barry Computer Company:
Balance Sheet as of December 31, 2018 (In
Thousands)
Cash
$77,500
Accounts payable
$129,000
Receivables
336,000
Other current liabilities
117,000
Inventories
241,500
Notes payable
84,000
Total current assets
$655,000
Total current liabilities
$330,000
Long-term debt
$256,500
Net fixed assets
292,500
Common equity
361,000
Total assets
$947,500
Total liabilities and equity
$648,000
Barry Computer Company:
Income Statement for Year Ended December 31, 2015(In
Thousands)
Sales
$1,607,500...