1. Find the most recent 4 years' balance sheets and 3 years' income statement for the two companies you have chosen to study for your project. (CVS +Walgreens or Mcdonalds + Wendy's).
3. Perform vertical analysis and horizontal analyses for the income statements (for horizontal analysis, use the first year as your base year; for vertical analysis, use "net sales" or "net revenue" as the base).
CVS Balance
| Period Ending | 12/31/17 | 12/31/16 | 12/31/15 |
| Current Assets | |||
| Cash And Cash Equivalents | 1,696,000 | 3,371,000 | 2,459,000 |
| Short Term Investments | 111,000 | 87,000 | 88,000 |
| Net Receivables | 13,181,000 | 12,164,000 | 11,888,000 |
| Inventory | 15,296,000 | 14,760,000 | 14,001,000 |
| Other Current Assets | 945,000 | 660,000 | 722,000 |
| Total Current Assets | 31,229,000 | 31,042,000 | 29,158,000 |
| Long Term Investments | - | - | - |
| Property Plant and Equipment | 10,292,000 | 10,175,000 | 9,855,000 |
| Goodwill | 38,451,000 | 38,249,000 | 38,106,000 |
| Intangible Assets | 13,630,000 | 13,511,000 | 13,878,000 |
| Accumulated Amortization | - | - | - |
| Other Assets | 1,529,000 | 1,485,000 | 1,440,000 |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 95,131,000 | 94,462,000 | 92,437,000 |
| Current Liabilities | |||
| Accounts Payable | 15,472,000 | 14,883,000 | 14,319,000 |
| Short/Current Long Term Debt | 15,176,000 | 11,367,000 | 8,850,000 |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | 30,648,000 | 26,250,000 | 23,169,000 |
| Long Term Debt | 22,181,000 | 25,615,000 | 26,267,000 |
| Other Liabilities | 1,611,000 | 1,549,000 | 1,542,000 |
| Deferred Long Term Liability Charges | 2,996,000 | 4,214,000 | 4,217,000 |
| Minority Interest | 4,000 | 4,000 | 7,000 |
| Negative Goodwill | - | - | - |
| Total Liabilities | 57,440,000 | 57,632,000 | 55,202,000 |
| Stockholders' Equity | |||
| Misc. Stocks Options Warrants | - | - | 39,000 |
| Redeemable Preferred Stock | - | - | - |
| Preferred Stock | - | - | - |
| Common Stock | 17,000 | 17,000 | 17,000 |
| Retained Earnings | 43,556,000 | 38,983,000 | 35,506,000 |
| Treasury Stock | -37,765,000 | -33,452,000 | -28,886,000 |
| Capital Surplus | 32,079,000 | 31,618,000 | 30,948,000 |
| Other Stockholder Equity | -196,000 | -336,000 | -389,000 |
| Total Stockholder Equity | 37,691,000 | 36,830,000 | 37,196,000 |
| Net Tangible Assets | -14,390,000 | -14,930,000 | -14,788,000 |
CVS Income
| Income Statement All numbers in thousands | |||
| Revenue | 12/31/17 | 12/31/16 | 12/31/15 |
| Total Revenue | 184,765,000 | 177,526,000 | 153,290,000 |
| Cost of Revenue | 156,220,000 | 148,669,000 | 126,762,000 |
| Gross Profit | 28,545,000 | 28,857,000 | 26,528,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | - | - | - |
| Non Recurring | - | - | - |
| Others | - | - | - |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 9,517,000 | 10,366,000 | 9,475,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | -208,000 | -671,000 | -21,000 |
| Earnings Before Interest and Taxes | 9,309,000 | 9,695,000 | 9,454,000 |
| Interest Expense | 1,041,000 | 1,058,000 | 838,000 |
| Income Before Tax | 8,268,000 | 8,637,000 | 8,616,000 |
| Income Before Tax | 8,268,000 | 8,637,000 | 8,616,000 |
| Income Tax Expense | 1,637,000 | 3,317,000 | 3,386,000 |
| Minority Interest | 4,000 | 4,000 | 7,000 |
| Net Income From Continuing Ops | 6,631,000 | 5,320,000 | 5,230,000 |
| Non-recurring Events | |||
| Discontinued Operations | -8,000 | -1,000 | 9,000 |
| Extraordinary Items | - | - | - |
| Effect Of Accounting Changes | - | - | - |
| Net Income | |||
| Net Income | 6,622,000 | 5,317,000 | 5,237,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 6,622,000 | 5,317,000 | 5,237,000 |
Walgreens Income
| Income Statement All numbers in thousands | |||
| Revenue | 8/31/17 | 8/31/16 | 8/31/15 |
| Total Revenue | 118,214,000 | 117,351,000 | 103,444,000 |
| Cost of Revenue | 89,052,000 | 87,477,000 | 76,691,000 |
| Gross Profit | 29,162,000 | 29,874,000 | 26,753,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | 23,605,000 | 23,873,000 | 22,085,000 |
| Non Recurring | - | - | - |
| Others | - | - | - |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 5,557,000 | 6,001,000 | 4,668,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | -11,000 | -261,000 | 1,248,000 |
| Earnings Before Interest and Taxes | 5,546,000 | 5,740,000 | 5,916,000 |
| Interest Expense | 693,000 | 596,000 | 605,000 |
| Income Before Tax | 4,853,000 | 5,144,000 | 5,311,000 |
| Income Tax Expense | 752,000 | 953,000 | 1,032,000 |
| Minority Interest | 808,000 | 401,000 | 439,000 |
| Net Income From Continuing Ops | 4,078,000 | 4,173,000 | 4,220,000 |
| Non-recurring Events | |||
| Discontinued Operations - - - | |||
| Extraordinary Items - - - | |||
| Effect Of Accounting Changes - - - | |||
| Other Items | |||
| Net Income | |||
| Net Income | 4,078,000 | 4,173,000 | 4,220,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 4,078,000 | 4,173,000 | 4,220,000 |
Walgreens Balance
| Period Ending | 8/31/17 | 8/31/16 | 8/31/15 |
| Current Assets | |||
| Cash And Cash Equivalents | 3,301,000 | 9,807,000 | 3,000,000 |
| Short Term Investments | - | - | - |
| Net Receivables | 6,528,000 | 6,260,000 | 6,849,000 |
| Inventory | 8,899,000 | 8,956,000 | 8,678,000 |
| Other Current Assets | 1,025,000 | 860,000 | 1,130,000 |
| Total Current Assets | 19,753,000 | 25,883,000 | 19,657,000 |
| Long Term Investments | 6,320,000 | 6,174,000 | 1,242,000 |
| Property Plant and Equipment | 13,642,000 | 14,335,000 | 15,068,000 |
| Goodwill | 15,632,000 | 15,527,000 | 16,372,000 |
| Intangible Assets | 10,156,000 | 10,302,000 | 12,351,000 |
| Accumulated Amortization | - | - | - |
| Other Assets | 506,000 | 467,000 | 4,092,000 |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 66,009,000 | 72,688,000 | 68,782,000 |
| Current Liabilities | |||
| Accounts Payable | 18,296,000 | 16,690,000 | 15,489,000 |
| Short/Current Long Term Debt | 251,000 | 323,000 | 1,068,000 |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | 18,547,000 | 17,013,000 | 16,557,000 |
| Long Term Debt | 12,684,000 | 18,705,000 | 13,315,000 |
| Other Liabilities | 4,223,000 | 4,045,000 | 4,072,000 |
| Deferred Long Term Liability Charges | 2,281,000 | 2,644,000 | 3,538,000 |
| Minority Interest | 808,000 | 401,000 | 439,000 |
| Negative Goodwill | - | - | - |
| Total Liabilities | 37,735,000 | 42,407,000 | 37,482,000 |
| Stockholders' Equity | |||
| Misc. Stocks Options Warrants | - | - | - |
| Redeemable Preferred Stock | - | - | - |
| Preferred Stock | - | - | - |
| Common Stock | 12,000 | 12,000 | 12,000 |
| Retained Earnings | 30,137,000 | 27,684,000 | 25,089,000 |
| Treasury Stock | -9,971,000 | -4,934,000 | -3,977,000 |
| Capital Surplus | 10,339,000 | 10,111,000 | 9,953,000 |
| Other Stockholder Equity | -3,051,000 | -2,993,000 | -216,000 |
| Total Stockholder Equity | 27,466,000 | 29,880,000 | 30,861,000 |
| Net Tangible Assets | 1,678,000 | 4,051,000 | 2,138,000 |
In: Accounting
Many hospitals and physician offices have implemented an Electronic Health Record.
1. List 4 of the benefits of an EHR and provide a sentence as to why each is a benefit.
2. List 3 barriers to EHR and provide a sentence on why each is a barrier.
3. What is the one factor that could be a benefit or barrier? Provide 2 sentences on why it can be considered wither a benefit or a barrier.
In: Nursing
A stock returned 23 percent, 18 percent, -4 percent and -1 percent annually for the past four years. Based on this information, what is the 99.74 percent probability range for any one given year? A. -4.49 percent to 22.49 percent B. -22.36 percent to 39.36 percent C. -31.47 percent to 49.47 percent D. -17.98 percent to 35.98 percent
Assume an asset cost $44,500 and has a current book value of $25,700. The asset is sold today for $21,900 cash. The firm's tax rate is 21 percent. As a result of this sale, the firm's net cash flow: A. will increase by exactly $21,900 B. will decrease by the difference between the $25,700 and the $21,900. C. will increase by more than $21,900. D. will increase by less than $21,900.
Baxter's Market is considering opening a new location with an initial cost of $548,700. This location is expected to generate cash flows of $242,400, $201,500, $187,800, and $241,000 in Years 1 to 4. What is the payback period? A. 3.04 years B. 2.18 years C. 2.56 years D. 2.93 years
In: Finance
Exchange rate is currently $1.85 US per 1 British pound. Interest rate is 4% in the US and 3% in the UK. A bank is long a futures contract to buy 1,000,000 pounds for $1.8 million in one year.
a. If the spot exchange rate decreases by $0.10, what is the dollar loss on the futures position?
b. In order to hedge its futures exposure, should the bank borrow in the UK or invest in the UK? How much?
c. If the bank hedges the futures contract, what is the total value of the bank’s portfolio?
In: Finance
4) The company you work for is trying to decide between two projects. Project 1 costs $160,000 up front, and has an expected life of 4 years, over which it will return $52,000 each of the four years. Project 2 would last for 20 years, costs $1.5 million up front, and returns $170,000 at the end of each of the 20 years. Assuming a real discount rate of 6%, which project has the higher equivalent annual net benefit?
In: Finance
1. A portion of NMR spectrum of 4-tert-butylcyclohexanol is shown below, along with a peak list of chemical shifts, multiplicities, and numbers of protons (from integration). Note: the alcohol O-H proton is NOT observed in this NMR spectrum.
a) The spectrum is consistent with a single isomer of 4-tert-butylcyclohexanol. Which one is it, cis or trans?
This spectrum is consistent with one isomer, the cis-4-butylcyclohexanol isomer.
a. Copy into your lab report the picture shown below the spectrum. Circle the structure of the correct isomer identified in (a).
http://www.chemicalbook.com/SpectrumEN_937-05-3_1HNMR.htm image is located on this url it wouldnt let me paste. Same image used for part b,
b. Within the circled structure, circle the most important proton or protons that informed your answer to part (a).
c. What peak or peaks in the spectrum peak list correspond to the circled proton or protons in part (c)?
e) In this molecule, what conformational relationship between two coupled protons determines their coupling constant to each other (J values)?
f) For the selected peak(s) in (d), explain the multiplicity. Be as specific as possible by referring to the labeled protons in your circled structure and highlighting relevant coupling constants.
|
1H NMR spectrum peak list, ppm (multiplicity, number of protons) |
|
4.03 (pentet, 1 H) |
|
1.84 (multiplet, 2 H) |
|
1.69 (singlet, 1 H) |
|
1.54 (multiplet, 2 H) |
|
1.45 (multiplet, 2 H) |
|
1.37 (multiplet, 2 H) |
|
0.99 (multiplet, 1 H) |
|
0.86 (singlet, 9H) |
In: Chemistry
For each of questions 1–4, select and support the most appropriate response, andexplain why each of the other statements is eliminated.
1. Mitochondrial
a. inheritance is maternal. - INCORRECT
b. DNA is linear.
c. function depends on nuclear genes.
d. diseases have minor effects.
e. two of the above CORRECT (5 marks)
2. Genomic imprinting is an example of
a. pleiotropy.
b. heterogeneity.
c. epistasis.
d. differential gene expression. - CORRECT
e. a phenocopy. (5 marks)
3. A typical human female child
a. has ooctyes in the process of meiosis.
b. has indifferent gonads.
c. degraded the Müllerian ducts.
d. inactivated the SRY gene.
e. requires information from only one of her X chromosomes.- CORRECT (5 marks)
4. Heritability describes the
a. genetic composition for a trait in a particular population.
b. phenotypic variation of a trait in a particular population.
c. variation in a phenotype caused by the environment.
d. proportion of genetic contribution to a trait in a particular population.- CORRECT
none of the above.
!!!!CAN YOU PLEASE EXPLAIN WHY THE OTHER ANSWERS ARE INCORRECT!!!!1
In: Nursing
A rotating cylindrical rod of mass m=4 Kg and length l=1 meter is connected to a falling weight of 300 grams with a 2 meters string (Maximum distance covered by the falling weight). The distance from the wound string to the axis of rotation is 300 mm. The time taken by the falling weight to halfway is 2 seconds and to the bottom is 3.7 seconds.
In: Physics
answer in 3-4 paragraph essays
1. Discuss the distinct regional economies that existed in the British North American colonies.
2. Did mercantilism cause the Revolutionary War?
3. Discuss the cost ($$) of the Revolutionary War, and how the colonists financed their war effort.
4. Historian Michael Lind writes that gaining political independence from England did not necessarily mean gaining economic independence. Explain what he meant based on our course material. (Think Alexander Hamilton.)
In: Economics
(1 point) A hollow steel ball weighing 4 pounds is suspended from a spring. This stretches the spring 1/6 feet. The ball is started in motion from the equilibrium position with a downward velocity of 4 feet per second. The air resistance (in pounds) of the moving ball numerically equals 4 times its velocity (in feet per second) .
Suppose that after t seconds the ball is y feet below its rest position. Find y in terms of t. (Note that the positive direction is down.)
Take as the gravitational acceleration 32 feet per second per second.
In: Physics