Aegis Industries Inc., is the biggest snowmobile manufacturer in
the world. It reported the following amounts...
Aegis Industries Inc., is the biggest snowmobile manufacturer in
the world. It reported the following amounts in its financial
statements (in millions):
2012
2013
2014
2015
Net Sales Revenue
$
5,100
$
4,560
$
3,890
$
3,470
Cost of Goods Sold
3,520
3,110
2,710
3,070
Average Inventory
510
460
400
390
Required:
1-a. Calculate the inventory turnover ratio
for 2015, 2014, and 2013.
1-b. Calculate the average days to sell
inventory for 2015, 2014, and 2013.
2. Is Aegis performing...
Computing and Evaluating Receivables, Inventory, and PPE
Turnovers
3M Company reports the following financial statement amounts...
Computing and Evaluating Receivables, Inventory, and PPE
Turnovers
3M Company reports the following financial statement amounts in
its 10-K report:
($ millions)
Sales
Cost of Sales
Receivables
Inventories
PPE, net
2014
$31,821
$16,447
$4,238
$3,706
$8,489
2013
30,871
16,106
4,253
3,864
8,652
2012
29,904
15,685
4,061
3,837
8,378
Required
Compute the receivables, inventory, and PPE turnover ratios for
both 2014 and 2013. (Receivables turnover and inventory turnover
are discussed in Chapters 6 and 7, respectively.) Round to two
decimal places....
Cintas Corporation is the largest uniform supplier in North
America. Selected information from its annual report...
Cintas Corporation is the largest uniform supplier in North
America. Selected information from its annual report follows. For
the 2013 fiscal year, the company reported sales revenue of $5.5
billion and Cost of Goods Sold of $3.7 billion.
Fiscal Year
2013
2012
Balance Sheet (amounts in millions)
Cash
$
480
$
400
Accounts Receivable, net
740
690
Inventories
300
310
Prepaid Rent
705
600
Accounts Payable
180
160
Salaries and Wages Payable
460
460
Income Tax Payable
104
22
Notes...
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...
The following data were included in a recent Papaya Inc. annual
report (in millions):
2013
2014...
The following data were included in a recent Papaya Inc. annual
report (in millions):
2013
2014
2015
2016
Net revenue
$
66,225
$
109,249
$
158,500
$
155,910
Net property, plant, and
equipment
4,800
7,780
15,460
13,400
Required:
Compute Papaya's fixed asset turnover ratio for 2014, 2015, and
2016. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
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.)
Exercise 6-49 (Algorithmic)
Analyzing Inventory
Examining the recent financial statements of McLelland Clothing,
Inc., you note...
Exercise 6-49 (Algorithmic)
Analyzing Inventory
Examining the recent financial statements of McLelland Clothing,
Inc., you note the following:
Sales
$754,693
Cost of goods sold
506,700
Average inventory
76,900
Required:
Calculate McLelland's gross profit ratio, inventory turnover
ratio, and assuming a 365-day year, the average days to sell
inventory. (Use two decimal places for gross profit ratio and
average days to sell inventory, three decimal places for inventory
turnover ratio.)
Gross profit ratio
%
Inventory turnover ratio
Average days to sell...
Inventory Turnover for Nordstrom
The following amounts are available from the 2015 financial
statements in the...
Inventory Turnover for Nordstrom
The following amounts are available from the 2015 financial
statements in the Form 10-K for Nordstrom, Inc., the fashion
retailer. (All amounts are in millions of dollars and January 30,
2016, is the end of the company’s 2015 fiscal year.)
Cost of sales and related buying and occupancy costs
$9,168
Merchandise inventories, January 30, 2016
1,945
Merchandise inventories, January 31, 2015
1,733
Required:
1. Compute Nordstrom’s inventory turnover ratio
for 2015. Do not round intermediate calculations...
Recent financial statements of Larkspur Ship Builders, Inc.
report net sales of $668,500,000. Accounts receivable are...
Recent financial statements of Larkspur Ship Builders, Inc.
report net sales of $668,500,000. Accounts receivable are
$64,400,000 at the beginning of the year and $90,500,000 at the end
of the year. (Round answers to 2 decimal places, e.g.
50.27. Use 365 days for calculation.)
Compute Larkspur’s accounts receivable turnover.
Accounts receivable turnover
times
Compute Larkspur’s average collection period for accounts
receivable in days.
Average collection period for accounts receivable
days
The 2013 financial statements for this company report the
following information: Year ended December 31, 2013...
The 2013 financial statements for this company report the
following information: Year ended December 31, 2013 2012 (In
millions) Depreciation and amortization expense $ 90.1 $ 90.4
Property and equipment, net 574.6 572.8 Land 44.5 45.3 Accumulated
depreciation and amortization 1,266.6 1,237.4 a. By what percentage
are the assets ‘used up’ at the year-end 2013? What implication
does this ratio have for future cash flows at this company? b.
Estimate the useful life on average for this companys assets.