The following selected information is available for Old
Navy, a unisex apparel company, for three fiscal years (in
$ millions):
| 2018 | 2017 | 2016 | |||||
| Current assets | $1,349.3 | $1,207.0 | $986.9 | ||||
| Current liabilities | 512.2 | 519.8 | 502.3 | ||||
| Sales | 5,044.4 | 4,563.3 | 4,234.9 | ||||
| Cost of goods sold | 3,244.5 | 2,959.9 | 2,947.2 | ||||
| Net income | 439.0 | 393.6 | 203.9 |
(a)
Calculate the current ratio, gross profit margin, and profit margin
for each year. (Round answers to 1 decimal place, e.g.
1.5.)
| 2018 | 2017 | 2016 | |||||
| Current ratio | : 1 | : 1 | : 1 | ||||
| Gross profit margin | % | % | % | ||||
| Profit margin | % | % | % |
In: Accounting
How do you calculate the earnings per share for Target Corporation Fiscal year 2017 and 2016? some other information provided was undiluted for 2017 $5.35 and diluted for 2017 was $5.31? thanks
This is in regards to Ratio analysis; So I have to figure out the earnings per share for Target Corporation Fiscal Year 2017 and 2016. #52
| STOCK MARKET | ||||||||
| 52. Earnings per share | Undiluted | $5.35 | ($2.58) | (NOTE: from the annual reports) | ||||
| Diluted | $5.31 | ($2.56) | ||||||
| Formula: | Net earnings available for common stock / average number of shares outstanding | |||||||
In: Accounting
|
On April 1, 2016, John Vaughn purchased appliances from the Acme Appliance Company for $1,100. In order to increase sales, Acme allows customers to pay in installments and will defer any payments for six months. John will make 18 equal monthly payments, beginning October 1, 2016. The annual interest rate implicit in this agreement is 24%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) |
| Required: | ||||
|
Calculate the monthly payment necessary for John to pay for his purchases. |
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|
In: Accounting
please solve:
The following information pertaining White Corporation is available for the year ended 2015:
Pretax financial income, $500,000.
Unearned revenue, $60,000, was deferred on the books but recognized in taxable income of 2015 (future deductible). $35,000 and $25,000 of this temporary difference (i.e., the unearned revenue) will be reversed in 2016 and 2017, respectively.
The tax rates of 2015, 2016 and 2017 are 30%, 25%, and 25%, respectively.
Instructions:
(a) Compute White's 2015 taxable income.
(b) Prepare the journal entry to record income tax expense, deferred income tax asset, and income taxes payable of White for 2015.
In: Accounting
(Using EBIT-EPS break-even analysis) Home Depot, Inc. (HD), had 1244 million shares of common stock outstanding in 2016, whereas Lowes Companies, Inc. (LOW), had 929 million shares outstanding. Assuming Home Depot's 2016 interest expense is $919 million, Lowes' interest expense is $552 million, and a 35 percent tax rate for both firms, what is their break-even level of operating income (i.e., the level of EBIT where EPS is the same for both firms)?
The EBIT indifference level is $
nothing. (Round to the nearest dollar.)
In: Finance
20.24 Xr20-24 The quarterly earnings (in $millions) of a large soft-drink manufacturer have been recorded for the years 2013–2016. These data are listed here. Compute the seasonal indexes given the regression line
y^=61.75+1.18t (t=1,2,...,16)
Year
2013 2014 2015 2016
Quarter
1 52 57 60 66
2 67 75 77 82
3 85 90 94 98
4 54 61 63 67
Use the seasonal indexes and trend line to forecast the quarterly earnings for the years 2014 and 2015 in Exercise 20.24 (above)
In: Statistics and Probability
Gandolfi Construction Co. purchased a used CAT 336DL earth mover at a cost of $405,000 in January 2016. The company’s estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $83,000. Required: a. Using straight-line depreciation, calculate the depreciation expense to be recognized for 2016, the first year of the equipment’s life, and calculate the equipment’s net book value at December 31, 2018, after the third year of the equipment’s life. b. Using declining-balance depreciation at twice the straight-line rate, calculate the depreciation expense to be recognized for 2018, the third year of the equipment’s life.
In: Accounting
College students were asked to rate the spring festivals at
university in years 2016, 2017, and 2018. The following table shows
the students’ ratings on a scale from 0 to 100 where larger values
are assigned to better activities. Construct an ANOVA table and
determine whether there is a significant difference among the student
appreciation of spring festivals for different years. Assume a
significance level of α = 0.05.
| 2016 | 2017 | 2018 |
| 72 | 93 | 87 |
| 58 | 70 | 70 |
| 71 | 76 | 90 |
| 56 | 69 | 85 |
| 45 | 86 | 76 |
| 73 | 65 | 94 |
| 68 | 70 | 85 |
In: Statistics and Probability
2. Excerpts from the financial statements for two restaurant
chains in Hollister, MO are shown below.
Please calculate the overall and comparative sales increases for
both companies and compare and contrast the numbers. Comment on the
growth and health of each company.
|
Koi Gardens |
Grandma’s Kitchen |
|||||
|
Income Statement |
Income Statement |
|||||
|
Dec. 31, 2017 |
Dec. 31, 2017 |
|||||
|
2016 |
2017 |
2016 |
2017 |
|||
|
Sales Store 1 |
450,000 |
520,000 |
Sales Store 1 |
430,000 |
510,150 |
|
|
Sales Store 2 |
210,000 |
210,750 |
Sales Store 2 |
NA |
155,500 |
|
|
Sales Store 3 |
NA |
150,000 |
||||
In: Finance
Part 1
Between 2015 and 2016, the country of West Fredonia experienced a growth rate of -2.6%. If nominal GDP had increased by 1.3% and the population growth was recorded as 0.4%, then calculate the annual inflation rate in West Fredonia. Give your answer to one decimal._____________ %
Part 2
| Year | Nominal GDP (billions of current $) |
Inflation rate | Population (millions) |
|---|---|---|---|
| 2014 | 3754 | 2% | 117 |
| 2015 | 3898 | 3% | 120 |
| 2016 | 3919 | 1% | 124 |
Using the information in the table above, calculate economic growth
for 2015. Give your answer to two decimal places.
__________ %
In: Economics