Question
In: Finance
Why is your TJX RNOA significantly different from that of ANF? Selected balance sheet and income...
Why is your TJX RNOA significantly different from that of ANF?
Selected balance sheet and income statement information [US$ millions] from Abercrombie & Fitch [ANF] and TJX Companies, clothing retailers in the high-end and value-priced segments, respectively, follows. Compute the 2016 return on net operating assets (RNOA) for both companies.
|
2016 Sales |
2016 NOPAT |
2016 NOA |
2015 NOA |
|
| ANF |
$2,784.7 |
$324.7 |
$565.0 |
$ 361.7 |
|
TJX |
16,057.9 |
708.5 |
2,235.9 |
2,139.5 |
ANF is 70.08% & TJX is 32.39%
Answer: Why is your TJX RNOA significantly different from that of ANF?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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Selected balance sheet and income statement information for Oracle
Corporation follows. (Perform the required computations from the
perspective of an Oracle shareholder.
$ millions
May 31, 2015
May 31, 2014
Operating assets
$62,090
$57,002
Nonoperating assets
54,368
38,819
Total assets
116,458
95,821
Operating liabilities
20,180
19,055
Nonoperating liabilities
41,958
24,097
Total liabilities
62,138
43,152
Total Oracle stockholders' equity
54,320
52,669
Total revenues
38,559
Operating income before tax
13,993
Nonoperating expense before tax
1,037...
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Selected balance sheet and income statement information for Home
Depot follows.
$ millions
Jan. 31, 2016
Feb. 01, 2015
Operating assets
$40,583
$38,473
Nonoperating assets
2,241
1,748
Total assets
42,824
40,221
Operating liabilities
15,018
13,527
Nonoperating liabilities
21,285
17,167
Total liabilities
36,303
30,694
Total stockholders' equity
6,521
9,527
Sales
88,999
Net operating profit before tax (NOPBT)
12,024
Nonoperting expense before tax
778
Tax expense
4,088
Net income
7,158
Round answers to two decimal places...
Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot...
Compute ROE
and RNOA with Disaggregation
Selected balance sheet and income statement information for Home
Depot follows.
$ millions
Jan. 31, 2016
Feb. 01, 2015
Operating assets
$40,333
$38,223
Nonoperating assets
2,216
1,723
Total assets
42,549
39,946
Operating liabilities
14,918
13,427
Nonoperating liabilities
21,315
17,197
Total liabilities
36,233
30,624
Total stockholders' equity
6,316
9,322
Sales
88,519
Net operating profit before tax (NOPBT)
11,774
Nonoperting expense before tax
753
Tax expense
4,012
Net income
7,009
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Turnover for CompetitorsSelected balance sheet and income statement information for the
fiscal year ended February 2, 2019, for Abercrombie & Fitch Co.
and TJX Companies Inc., clothing retailers in the high‑end and
value‑priced segments, respectively, follows.CurrentPriorYear NetYear NetOperatingOperatingCompany ($ millions)TickerSalesNOPATAssetsAssetsAbercrombie & FitchANF$3,590.10$89.15$808.15$877.30TJX CompaniesTJX39,752.363,128.034,252.004,196.59Compute the following ratios for both companies for the fiscal
year ended February 2, 2019.Note: For RNOA and NOPM, round percentage to one
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Selected data derived from the income statement and balance sheet of National Beverage Co. for a...
Selected data derived from the income statement and balance
sheet of National Beverage Co. for a recent year are as
follows:
1
Income statement data (in thousands):
2
Net income
$49,311.00
3
Gain on disposal of property
1,188.00
4
Depreciation expense
11,580.00
5
Other items involving noncash expense
1,383.00
6
Balance sheet data (in thousands):
7
Increase in accounts receivable
1,746.00
8
Decrease in inventory
990.00
9
Increase in prepaid expenses
605.00
10
Decrease in accounts payable and other current...
Selected data derived from the income statement and balance sheet of National Beverage Co. for a...
Selected data derived from the income statement and balance
sheet of National Beverage Co. for a recent year are as
follows:
1
Income statement data (in thousands):
2
Net income
$43,993.00
3
Depreciation expense
10,651.00
4
Losses on inventory write-down and fixed assets
7.00
5
Other noncash items
(187.00)
6
Balance sheet data (in thousands):
7
Increase in accounts receivable
5,679.00
8
Increase in inventory
7,509.00
9
Increase in prepaid expenses
2,239.00
10
Decrease in accounts payable and other current...
Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance sheet...
Comparing Income Statements and Balance Sheets of
Competitors
Following are selected income statement and balance sheet data from
two retailers: Abercrombie & Fitch (clothing retailer in the
high-end market) and TJX Companies (clothing retailer in the
value-priced market).
(a) Express each income statement amount as a percentage of
sales.
Round your answers to one decimal place (example: 0.2345 =
23.5%).
Income Statement
($ millions)
ANF
TJX
Sales
$3,469
$21,942
Cost of goods sold
1,257
Answer%
16,040
Answer%
Gross profit
2,212...
Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance sheet...
Comparing Income Statements and Balance Sheets of
Competitors
Following are selected income statement and balance sheet data from
two retailers: Abercrombie & Fitch (clothing in the high-end
market) and TJX Companies (clothing retailer in the value priced
market), for the fiscal year ended January 30, 2016.
(a) Express each income statement amount as a percentage of
sales.
Round your answers to one decimal place (ex: 0.2345 = 23.5%)
Income Statement
($ thousands)
ANF
TJX
Sales
$3,518,680
$30,944,938
Cost of goods...
89) Following are selected data from the comparative income statement and balance sheet for Owens Corporation...
89) Following are selected data from the comparative income
statement and balance sheet for Owens Corporation for the years
ended December 31, 2014, and 2013:
Selected
Data
2014
2013
Net sales (all on
credit)
$96,000
$93,000
Cost of goods
sold
51,300
52,500
Gross
margin
44,700
40,500
Income from
operations
16,300
15,000
Interest
expense
3,000
3,500
Net
income
9,800
9,000
Cash
2,700
3,500
Accounts receivable,
net
10,700
12,500
Inventory
25,000
30,000
Prepaid
expenses
1,000
900
Total current
assets
39,400
46,900
Total...
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