The following data were included in a recent Apple Inc. annual
report (in millions):
2013
2014...
The following data were included in a recent Apple Inc. annual
report (in millions):
2013
2014
2015
2016
Net revenue
$
170,910
$
182,795
$
233,715
$
215,640
Net property, plant, and
equipment
16,600
20,624
22,471
27,010
Required:
Compute Apple's fixed asset turnover ratio for 2014, 2015, and
2016. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
Kim Company has the following
summary financial information:
2013
2014
2015
2016
Sales
$ 55,000
$...
Kim Company has the following
summary financial information:
2013
2014
2015
2016
Sales
$ 55,000
$ 65,000
$ 75,000
$ 85,009
Property, Plant, & Equipment
$ 5,000
$ 5,500
$ 6,000
$ 6,500
a.
Calculate Kim's fixed assets turnover ratio for
2014 through 2016
12.38
13.04
13.60
b.
Ivan Inc had fixed assets turnover for 2016 of
13.00. Did Kim or Ivan have better
performance?
higher is more efficient | $sales per $1 fixed
asset
TLC Inc. manufactures large-scale, high-performance computer
systems. In a recent annual report, the balance sheet included...
TLC Inc. manufactures large-scale, high-performance computer
systems. In a recent annual report, the balance sheet included the
following information ($ in millions):
2015
2014
Current assets:
Receivables, less allowances of $330 in 2015 and
$372 in 2014
$
5,977
$
6,413
In addition, the income statement reported sales revenue of $44,824
($ in millions) for the current year. All sales are made on a
credit basis. The statement of cash flows indicates that cash
collected from customers during the current...
Exercise 11-24 The 2014 Annual Report of Tootsie Roll Industries
contains the following information. (in millions)...
Exercise 11-24 The 2014 Annual Report of Tootsie Roll Industries
contains the following information. (in millions) December 31, 2014
December 31, 2013 Total assets $910.4 $888.4 Total liabilities
219.3 208.1 Net sales 539.9 539.6 Net income 63.2 60.8 Compute the
following ratios for Tootsie Roll for 2014.
(a) Asset turnover (Round answer to 4 decimal places, e.g.
0.8512 times.) times
(b) Return on assets (Round answer to 2 decimal places, e.g.
4.87%.) %
(c) Profit margin on sales (Round answer...
Exercise 9-23
The financial statements of
ConAgra Foods, Inc.’s 2014 annual report disclose
the following information....
Exercise 9-23
The financial statements of
ConAgra Foods, Inc.’s 2014 annual report disclose
the following information.
(in millions)
2014
2013
2012
Year-end inventories
$2,201
$2,077
$2,341
Fiscal Year
2014
2013
Net sales
$17,703
$15,427
Cost of goods sold
13,980
11,864
Net income
315
786
Compute ConAgra’s (a) inventory turnover and (b) the average days
to sell inventory for 2014 and 2013.
Cola Inc. and Soda Co. are two of the largest and most
successful beverage companies in...
Cola Inc. and Soda Co. are two of the largest and most
successful beverage companies in the world in terms of the products
that they sell and their receivables management practices. To
evaluate their ability to collect on credit sales, consider the
following rounded amounts reported in their annual reports (amounts
in millions).
Cola Inc.
Soda Co.
Fiscal Year Ended:
2015
2014
2013
2015
2014
2013
Net Sales
$
30,319
$
25,690
$
26,944
$
52,448
$
38,232
$
38,251...
Suppose this information is available for PepsiCo,
Inc. for 2015, 2016, and 2017.
(in millions)
2015...
Suppose this information is available for PepsiCo,
Inc. for 2015, 2016, and 2017.
(in millions)
2015
2016
2017
Beginning inventory
$2,100
$2,200
$2,800
Ending inventory
2,200
2,800
2,600
Cost of goods sold
17,951
20,435
20,445
Sales revenue
38,895
42,974
43,152
Calculate the inventory turnover for PepsiCo, Inc. for 2015,
2016, and 2017. (Round inventory turnover to 1 decimal
place, e.g. 5.1.)
2015
2016
2017
Inventory turnover
times
times
times
Calculate the days in inventory for PepsiCo, Inc. for 2015,
2016,...
Fader Corp.’s 2014 and 2015 SFP and 2015 SCI are as follows (in
millions of dollars,...
Fader Corp.’s 2014 and 2015 SFP and 2015 SCI are as follows (in
millions of dollars, except per share amounts):
Condensed Statement of Financial Position
31 December
2015
2014
ASSETS
Cash
$
13
$
24
Investments (short-term)
4
7
Accounts receivable (net of allowance)
25
22
Inventory (FIFO)
39
47
Prepaid expenses
5
3
Investments, long-term
54
54
Property, plant, and equipment (net of accumulated
depreciation of $29 (2014), $37 (2015))
92
82
Total assets
$
232
$
239
LIABILITIES...
Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and
2014
2014
2013
Revenue...
Tyler Toys, Inc.
Income Statement for Years Ending December 31, 2013 and
2014
2014
2013
Revenue
$14,147,783
$13,567,385
Cost of goods sold
$-8,448,339
$-8,131,598
Selling, general, and administrative expenses
$-997,405
$-981,777
Depreciation
$-1,498,996
$-1,472,330
EBIT
$3,203,043
$2,981,680
Interest expense
$-376,836
$-355,857
Taxes
$-1,073,959
$-997,813
Net income
$1,752,248
$1,628,010
Tyler Toys, Inc.
Balance Sheet as of December 31, 2013 and
2014
ASSETS
2014
2013
LIABILITIES
2014
2013
Current assets
Current liabilities
Cash
$191,079
$187,689
Accounts payable
$1,545,537
$1,456,598
Investments
$180,682
$120,303...