Question

How much net income (net earnings) or net loss did Kohl’s earn for 2016 and for...

How much net income (net earnings) or net loss did Kohl’s earn for 2016 and for 2015? Based on net income, was 2016 better or worse than 2015?

Homework Answers

Answer #1

Answer

According to the data, In 2015 Kohl Net Income is $867,000 and in 2016 Net Income is $673,000,

Company Net Income has decreased in 2016, which is bad from Investor's point of View.

So 2016 is worse than 2015 in terms of Net Income.

Company sales has increased from $19,023,000 in 2015 to $$19,204,000 in 2016 but Company Cost of Revenue And Sales and Administrative expenses have increased more than the increase in Sales.

So company needs to check on these things.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Smuckers 2017 financial report What is the net earnings/income/loss for the year? Did it increase or...
Smuckers 2017 financial report What is the net earnings/income/loss for the year? Did it increase or decrease from last year? Give your answer in dollar and percentage change. 8. What is the earnings per share on common stock? (Your answer should not assume dilution). How does this compare to last year (increase/decrease; dollar and percentage change). 9. Did the company pay any dividends? If yes, how much? Show your answer in total and per share. If no, does the report...
The pretax financial income (or loss) figures for Indigo Company are as follows. 2015 $164,000 2016...
The pretax financial income (or loss) figures for Indigo Company are as follows. 2015 $164,000 2016 275,000 2017 86,000 2018 (164,000 ) 2019 (390,000 ) 2020 113,000 2021 98,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the...
The pretax financial income (or loss) figures for Skysong Company are as follows. 2015 $144,000 2016...
The pretax financial income (or loss) figures for Skysong Company are as follows. 2015 $144,000 2016 225,000 2017 72,000 2018 (144,000 ) 2019 (342,000 ) 2020 108,000 2021 90,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2015 and 2016, and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the...
The pretax financial income (or loss) figures for Shamrock Company are as follows. 2015 $157,000 2016...
The pretax financial income (or loss) figures for Shamrock Company are as follows. 2015 $157,000 2016 233,000 2017 77,000 2018 (157,000 ) 2019 (404,000 ) 2020 125,000 2021 95,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the...
In 2014, Big Company had a net 1231 loss of $20,000. In 2015, Big Company had...
In 2014, Big Company had a net 1231 loss of $20,000. In 2015, Big Company had a net 1231 loss of $5,000. In 2016, Big Company had a net 1231 gain of $10,000. In 2017, Big Company has a net 1231 gain of $25,000. How much ordinary income (if any) does Big Company report for 2017? Group of answer choices $5,000 $0 $20,000 $15,000
net income was 517500 in 2015, 476100 in 2016, 533232 in 2017. What is the percentage...
net income was 517500 in 2015, 476100 in 2016, 533232 in 2017. What is the percentage if change from (a)2015 to 2016, and (b) from 2016 to 2017
a. By how much did Mydeco increase its debt from 2012 to 2016? b. What was...
a. By how much did Mydeco increase its debt from 2012 to 2016? b. What was Mydeco's EBITDA/Interest coverage ratio in 2012 and 2016? Did its coverage ratio ever fall below 2.00? c. Overall, did Mydeco's ability to meet its interest payments improve or decline over this period? Income Statement 2012 2013 2014 2015 2016 Revenue 405,6 368,3 424,2 505,7 602,8 Cost of Goods Sold (185.3) (176.1) (203.5) (246.2) (293.5) Gross Profit 220,3 192,2 220,7 259,5 309,3 Sales and Marketing...
In 2016, Microsoft had $16.8 billion of net income. Why did stockholder’s equity decline by about...
In 2016, Microsoft had $16.8 billion of net income. Why did stockholder’s equity decline by about $8 billion?
Caterpillar Inc.’s statement of stockholders’ equity for 2016 and 2015 shows the following amounts. Fill in...
Caterpillar Inc.’s statement of stockholders’ equity for 2016 and 2015 shows the following amounts. Fill in the missing items to show how retained earnings articulate across the years. (6 points) ($ millions) 2016 2015 Retained earnings, beginning of year A ? $28,515 Net income (loss) for the year (67) C ? Dividends B ? (1,781) Retained earnings, end of year $27,377 $29,246 __________ __________ __________
Pharoah Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss)...
Pharoah Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $67,200 25 % 2016 (210,000 ) 20 % 2017 126,000 20 % 2018 42,000 20 % 2019 147,000 20 % 2020 (84,000 ) 25 % 2021 84,000 25 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Pharoah has been in business. In recording the benefits of a loss carryforward, assume that it is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT