Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,110
$...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,110
$
30,196
$
26,986
Cost of products sold
14,428
13,938
13,437
Gross margin
$
19,682
$
16,258
$
13,549
Required:
a. Calculate the gross profit ratio for each of the past
three years. (Round your answers to 2 decimal
places.)
2017 %
2016 %
2015 %
b. Assume that Campbell’s net sales for the first
four months of 2018 totaled $12.83 billion. Calculate an estimated...
Consider recent financials for Ellie's Essentials LLC:
Balance Sheet
2018
2017
Current Assets
$11,225.00
$10,000.00
Net...
Consider recent financials for Ellie's Essentials LLC:
Balance Sheet
2018
2017
Current Assets
$11,225.00
$10,000.00
Net PPE
$31,000.00
$30,000.00
Total Assets
$42,225.00
$40,000.00
Current Liabilities
$8,441.00
$8,000.00
Long-term debt
$13,970.00
$12,000.00
Total Liabilities
$22,411.00
$20,000.00
Shareholder Equity
$19,814.00
$20,000.00
Liabilities and Equity
$42,225.00
$40,000.00
Income Statement
2018
2017
SALES
$11,000.00
$10,000.00
COGS
$4,400.00
$4,000.00
GROSS PROFIT
$6,600.00
$6,000.00
S&A
$1,100.00
$1,000.00
Depreciation
$550.00
$500.00
EBIT
$4,950.00
$4,500.00
INTEREST
$1,272.00
$1,200.00
EBT
$3,678.00
$3,300.00
TAXES (36.00%)
$1,324.08
$1,188.00
NET INCOME
$2,353.92...
Refer to the following mentioned data. (In millions)
Net sales 2017: $ 34,412 2016: $ 30,135...
Refer to the following mentioned data. (In millions)
Net sales 2017: $ 34,412 2016: $ 30,135 2015: $ 26,795
Cost of products sold 2017: 14,613 2016: 13,145 2015: 13,236
Gross margin 2017: $ 19,799 2016: $ 16,990 2015: $ 13,559
Required: a. Calculate the gross profit ratio for each of the
past three years. (Round your answers to 2 decimal places.)
b. Assume that Campbell’s net sales for the
first four months of 2018 totaled $12.19 billion. Calculate an
estimated...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,092
$...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,092
$
30,418
$
26,944
Cost of products sold
14,318
13,517
13,549
Gross margin
$
19,774
$
16,901
$
13,395
a. Calculate the gross profit ratio for each of
the past three years. (Round your answers to 2 decimal
places.)
b. Assume that Campbell’s net sales for the first four months of
2018 totaled $12.95 billion. Calculate an estimated cost of goods
sold and gross profit...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,058
$...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,058
$
30,174
$
26,635
Cost of products sold
14,910
13,485
13,474
Gross margin
$
19,148
$
16,689
$
13,161
Required:
a. Calculate the gross profit ratio for each of the past
three years. (Round your answers to 2 decimal
places.)
b. Assume that Campbell’s net sales for the
first four months of 2018 totaled $12.39 billion. Calculate an
estimated cost of goods sold and gross...
AutoZone and O'Reilly are two competitors in the retail
automotive parts industry.
AutoZone
O'Reilly
Average 2018...
AutoZone and O'Reilly are two competitors in the retail
automotive parts industry.
AutoZone
O'Reilly
Average 2018 Inventory
$3,912,878
$3,101,572
2018 Sales
11,221,077
9,536,428
2018 Cost of goods sold
5,247,331
4,496,462
Average 2017 Inventory
$3,757,001
$2,894,388
2017 Sales
10,888,676
8,977,726
2017 Cost of goods sold
5,149,056
4,257,043
Use the information above to compute the companies' gross profit
margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
Gross Profit Margin
AutoZone
O'Reilly
2018...
X Company, a merchandiser, had the following income statement
for 2018:
Sales
$194,274
Cost of goods...
X Company, a merchandiser, had the following income statement
for 2018:
Sales
$194,274
Cost of goods sold
110,863
Gross margin
$83,411
Other operating expenses
49,915
Profit
$33,496
$92,563 of the cost of goods sold were variable, and $33,715 of the
other operating expenses were variable. If cost behavior in 2019 is
expected to continue as it did in 2018, what must total sales be in
2019 in order for X Company to break even?
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595...
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595
Cost of sales
71,043
66,548
62,282
Gross profit
37,160
34,356
32,313
Operating expenses:
Selling, general and administrative
19,513
17,864
17,132
Depreciation and amortization
1,870
1,811
1,754
Impairment loss
247
0
0
Total operating expenses
21,630
19,675
18,886
Operating income
15,530
14,681
13,427
Interest and other (income) expense:
Interest and investment income
-93
-74
-36
Interest expense
1,051
1,057
972
Other
16
0
0
Interest...