Question

AutoZone 2013 2012 2011 Inventory 2,861,014 2,627,983 2,466,107 Total Assets 6,892,089 6,265,639 5,869,602 Cost of Goods...

AutoZone

2013

2012

2011

Inventory

2,861,014

2,627,983

2,466,107

Total Assets

6,892,089

6,265,639

5,869,602

Cost of Goods Sold

4,406,595

4,171,827

3,953,510

Total Sales

9,147,530

8,603,863

8,072,973

O’Reilly

2013

2012

2011

Inventory

2,375,047

2,276,331

1,985,748

Total Assets

6,067,208

5,749,187

5,500,501

Cost of Goods Sold

3,280,236

3,084,766

2,951,467

Total Sales

6,649,237

6,182,184

5,788,816

6.3 Which company utilizes its inventory more efficiently to generate a profit? (5 points)

Homework Answers

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
left column is for 2012 and right column is for 2013     Assets   2012    2013 Cash...
left column is for 2012 and right column is for 2013     Assets   2012    2013 Cash ..................................................................................................    $ 20,000 $ 60,000 Accounts receivable (net) .................................................................        30,000      50,000 Inventory ...........................................................................................        20,000      30,000 Property, plant and equipment (net) .................................................      170,000 220,000       Total assets .................................................................................    $240,000   $360,000   Liabilities Current liabilities ..............................................................................    $ 40,000 $ 60,000 Long-term liabilities .........................................................................        70,000 100,000   Owners’ Equity Common Stock .................................................................................      100,000    120,000 Retained Earnings .............................................................................      30,000      80,000       Total liabilities and owners’ equity ............................................    $240,000 $360,000 Net sales ............................................................................................                     $500,000 Cost of goods sold ............................................................................                       280,000 Gross profit...
In taking a physical inventory at the end of year 2011, Nadir Company forgot to count...
In taking a physical inventory at the end of year 2011, Nadir Company forgot to count certain units. Indicate how this error affects the following:     (a) 2011 cost of goods sold. a.Overstates 2011 cost of goods sold. b.Understates 2011 cost of goods sold. c.None of the above    (b) 2011 gross profit. a. Understates 2011 gross profit. b. Overstates 2011 gross profit. c. None of the above.     (c) 2011 net income. a.Understates 2011 net income. b. Overstates 2011...
Draw up an income statement and balance sheet for this company for 2011 and 2012. 2011...
Draw up an income statement and balance sheet for this company for 2011 and 2012. 2011 2012 Sales $ 7,835 $ 8,409 Depreciation 1,125 1,126 Cost of goods sold 2,696 3,060 Other expenses 639 534 Interest 525 603 Cash 4,109 5,203 Accounts receivable 5,439 6,127 Short-term notes payable 794 746 Long-term debt 13,460 16,050 Net fixed assets 34,455 35,277 Accounts payable 4,316 4,185 Inventory 9,670 9,938 Dividends 956 1,051
Ratios Analyzing Firm Profitability The following information is available for Crest Company: Annual Data 2013 2012...
Ratios Analyzing Firm Profitability The following information is available for Crest Company: Annual Data 2013 2012 Sales revenue $6,800,000 $6,000,000 Cost of goods sold 3,806,400 3,720,000 Net income 288,800 264,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $2,880,000 $2,360,000 Common stockholders' equity 1,888,000 1,800,000 Calculate the following ratios for 2013: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage Answer% b. Return on sales Answer% c. Asset turnover (Round answer to two decimal...
Unitroj Inc., reported pretax financial accounting income in 2011, 2012, 2013 and 2014 of $100 million....
Unitroj Inc., reported pretax financial accounting income in 2011, 2012, 2013 and 2014 of $100 million. In 2011, Unitroj purchased a machine for $100 million with a useful life of five years. The machine is depreciated based on the straight line method and the double declining balance method for tax purposes. No other depreciable assets were acquired. The enacted tax rate is 40% per year. Also in 2011, Unitroj recorded warranty expense of $30 million with $16 million paid in...
Ance design company ended 2012 (began 2013) with inventory valued at $2,646,000 (specifically 12,600 units at...
Ance design company ended 2012 (began 2013) with inventory valued at $2,646,000 (specifically 12,600 units at $210 per unit). During 2013, ance purchased 368,200 units of inventory at a constant cost of $210 per unit. Ance actually sold 374,500 units in 2013 at a constant price per unit of $250. What did ance report as COGS on its 2013 I come statement?
AAPL (2012)            GOOG (2012)             GOOG (2011)                
AAPL (2012)            GOOG (2012)             GOOG (2011)                            (Income statement and balance sheet numbers are in millions)           Sales                            $170,910                     $50,175                       $37,905 Net Income                      37,037                     10,737                            9,737 Cash                                14,259                     48,088                          45,626 Accounts Receivable       24,094                         9,729                            6,387 Total Assets                  207,000                     93,798                          72,574 Accounts Payable            36,223                     10,893                            7,148 Total Liabilities                83,451                    22,083                          14,429 Shares Outstanding     900 million                  334 million                  334 million Stock Price                         $546                     $1,124                            ...
Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales...
Common-Size Income Statements Consider the following income statement data from the Ross Company: 2013 2012 Sales revenue $525,000 $450,000 Cost of goods sold 336,000 279,000 Selling expenses 107,000 101,000 Administrative expenses 62,000 56,000 Income tax expense 9,800 7,400 Prepare common-size income statements for each year. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). ROSS COMPANY Common-Size Income Statements (Percent of Sales Revenue) 2013 2012 Sales Revenue Answer Answer Cost of Goods Sold Answer Answer Gross Profit on...
Year total population total employed total unemployed 2011 125647 69997 3572 2012 125810 70127 3730 2013...
Year total population total employed total unemployed 2011 125647 69997 3572 2012 125810 70127 3730 2013 125985 70439 3510 2014 126155 70633 3595 2015 126320 71034 3432 Need the  labor force participation rate and the the unemployment rate for each year please show your work and the formula used
In 2013, Firm ABC’s annual inventory turns were 5.7, and its Cost of Goods Sold (COGS)...
In 2013, Firm ABC’s annual inventory turns were 5.7, and its Cost of Goods Sold (COGS) was $ 309 million. What is the average inventory it holds in $ million during 2013? Round your answer to the nearest integer. For example, if your answer is $201.32 million or $201,320,000, input 201.