Provide an analysis of the australian economic growth between 2005 - 2018
In: Economics
In: Economics
Income Statement for Fiscal Years Endings
(in Millions, except per share amounts)
|
Report Date |
06/30/2019 |
06/30/2018 |
06/30/2017 |
|
Net sales |
$67,684 |
$66,832 |
$65,058 |
|
Cost of products sold |
34,768 |
34,268 |
32,535 |
|
Gross profit |
$32,916 |
$32,564 |
$32,523 |
|
Selling, general & administrative expense |
19,084 |
18,853 |
18,568 |
|
Goodwill & indefinite lived intangible asset impairment charges |
8,345 |
0.00 |
0.00 |
|
Operating income |
$5,487 |
$13,711 |
$13,955 |
|
Interest expense |
509 |
506 |
465 |
|
Interest income |
220 |
247 |
171 |
|
Other non-operating income (expense), net |
871 |
-126 |
-404 |
|
Earnings from continuing operations before income taxes |
$6,069 |
$13,326 |
$13,257 |
|
Income taxes expense on continuing operations |
2,103 |
3,465 |
3,063 |
|
Net earnings from continuing operations |
$3,966 |
$9,861 |
$10,194 |
|
Net earnings (loss) from discontinued operations |
0.00 |
0.00 |
5,217 |
|
Net income (loss) |
$3,966 |
$9,861 |
$15,411 |
|
Less: net earnings attributable to noncontrolling interests |
-69 |
-111 |
-85 |
|
Net earnings attributable to Procter & Gamble Co. |
$3,897 |
$9,750 |
$15,326 |
|
Earning per share information: |
|||
|
Earnings (loss) per share from continuing operations - basic |
$1.45 |
$3.75 |
$3.79 |
|
Earnings (loss) per share from discontinued operations - basic |
0.00 |
0.00 |
2.01 |
|
Net earnings (loss) per share - basic |
$1.45 |
$3.75 |
$5.80 |
|
Earnings (loss) per share from continuing operations - diluted |
$1.43 |
$3.67 |
$3.69 |
|
Earnings (loss) per share from discontinued operations - diluted |
0.00 |
0.00 |
1.90 |
|
Net earnings (loss) per share - diluted |
$1.43 |
$3.67 |
$5.59 |
|
Other Key Metrics |
|||
|
Dividends per common share |
$2.90 |
$2.79 |
$2.70 |
|
Total number of employees |
97,000 |
92,000 |
95,000 |
Vertical Analysis for Fiscal Years Endings
(in Millions, except per share amounts)
|
For Fiscal Years Ending |
Percentages of Annual Revenue |
|||||
|
Report Date |
06/30/2019 |
06/30/2018 |
06/30/2017 |
06/30/2019 |
06/30/2018 |
06/30/2017 |
|
Net sales |
$67,684 |
$66,832 |
$65,058 |
100.00% |
100.00% |
100.00% |
|
Cost of products sold |
34,768 |
34,268 |
32,535 |
51.37% |
51.27% |
50.01% |
|
Gross profit |
$32,916 |
$32,564 |
$32,523 |
48.63% |
48.73% |
49.99% |
|
Selling, general & administrative expense |
19,084 |
18,853 |
18,568 |
28.20% |
28.21% |
28.54% |
|
Goodwill & indefinite lived intangible asset impairment charges |
8,345 |
0.00 |
0.00 |
12.33% |
0.00% |
0.00% |
|
Operating income |
$5,487 |
$13,711 |
$13,955 |
8.11% |
20.52% |
21.45% |
|
Interest expense |
509 |
506 |
465 |
0.75% |
0.76% |
0.71% |
|
Interest income |
220 |
247 |
171 |
0.33% |
0.37% |
0.26% |
|
Other non-operating income (expense), net |
871 |
-126 |
-404 |
1.29% |
-0.19% |
-0.62% |
|
Earnings from continuing operations before income taxes |
$6,069 |
$13,326 |
$13,257 |
8.97% |
19.94% |
20.38% |
|
Income taxes expense on continuing operations |
2,103 |
3,465 |
3,063 |
3.11% |
5.18% |
4.71% |
|
Net earnings from continuing operations |
$3,966 |
$9,861 |
$10,194 |
5.86% |
14.75% |
15.67% |
|
Net earnings (loss) from discontinued operations |
0.00 |
0.00 |
5,217 |
0.00% |
0.00% |
8.02% |
|
Net income (loss) |
$3,966 |
$9,861 |
$15,411 |
5.86% |
14.75% |
23.69% |
|
Less: net earnings attributable to noncontrolling interests |
-69 |
-111 |
-85 |
-0.10% |
-0.17% |
-0.13% |
|
Net earnings attributable to Procter & Gamble Co. |
$3,897 |
$9,750 |
$15,326 |
5.76% |
14.59% |
23.56% |
briefly summarize your observations about changes, i.e. financial trends, in the following Income Statement line items for the Vertical Analysis:
In: Accounting
Porter Industries Inc. began 2018 with total stockholders’ equity of $40 million. Due to a large acquisition of treasury stock and the payment of a $10 million cash dividend, the company ended that year with stockholders’ equity of only $5 million. For the year ended December 31, 2018, Porter reported net income of $10 million. What is the company's return on equity?
10%
2.25%
44.4%
Not enough information to determine
In: Accounting
On May 5, 2017, Lloyd purchased a machine for $84,000. The estimated life of the machine was 10 years, with an estimated residual value of $10,000. The service life in terms of “output” is estimated at 8,000 hours of operation. Assume Lloyd uses the units-of-output method and that the machine was in operation for 1,000 hours in 2017 and 1,800 hours in 2018. The book value of the machine at December 31, 2018 is:
$48,100
$56,700
$25,900
$58,100
In: Accounting
Kelley, Inc. provided the following account balances for 2018:
|
Cost of Goods Sold (Cost of sales) |
$ 1 comma 400 comma 000$1,400,000 |
|
Beginning Merchandise Inventory |
300,000 |
|
Ending Merchandise Inventory |
350,000 |
Calculate the average number of days that inventory was held by Kelley, Inc. during 2018. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)
In: Accounting
2018 2019
Output: Sales $375,000 $445,000
Input: Labour 127,000 199,950
Raw materials 68,500 64,250
Energy 37,250 47,050
Other 10,450 20,200
In: Accounting
Eckland Manufacturing Co. purchased equipment on January 1,
2016, at a cost of $90,900. Straight-line depreciation for 2016 and
2017 was based on an estimated eight-year life and $2,100 estimated
residual value. In 2018, Eckland revised its estimate and now
believes the equipment will have a total service life of only six
years, while the residual value remains the same.
Required:
Compute depreciation for 2018 and 2019.
In: Accounting
Brief Exercise 11-7
Novak Company purchased a computer for $8,880 on January 1,
2016. Straight-line depreciation is used, based on a 5-year life
and a $1,110 salvage value. In 2018, the estimates are revised.
Novak now feels the computer will be used until December 31, 2019,
when it can be sold for $555.
Compute the 2018 depreciation. (Round answer to 0
decimal places, e.g. 45,892.)
In: Accounting
Fred McReynolds is the accountant for Y Ltd and conducted the following analysis of the change in operating income between 2018 and 2019:
Operating income for 2018 $4,450,000
Add growth component 70,000
Add price-recovery component 392,000
Deduct productivity component (55,000)
Operating income for 2019 $4,857,000
Required:
Explain whether Y Ltd’s operating income increase is consistent with the product differentiation or cost leadership strategy?
In: Accounting