CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, (Percent of Net Sales) 2019 $ Change % Change $ Change % Change 2021 2020 5,750 $ 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 460 333 575 Selling, General and Administrative Expense 12 22 35 Other Operating Expense (Income), Net OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense NET INCOME EARNINGS PER SHARE Calculate the following for: 2021 2020 Formulas/Links: n/a n/a Gross Profit Margin (percentage) Net Profit Margin (percentage) n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, (Percent of Net Sales) 2019 $ Change % Change $ Change % Change 2021 2020 5,750 $ 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 460 333 575 Selling, General and Administrative Expense 12 22 35 Other Operating Expense (Income), Net OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense NET INCOME EARNINGS PER SHARE Calculate the following for: 2021 2020 Formulas/Links: n/a n/a Gross Profit Margin (percentage) Net Profit Margin (percentage) n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 16E
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UBERCRUMMIE & FRITCH CO.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Common-Size Analysis
Trend Analysis
(In millions, except share and per share amounts)
2019-2020
2021
2020
2020-2021
Fiscal Years Ended December 31,
$ Change
% Change
(Percent of Net Sales)
2020
2019
$ Change
% Change
2021
5,750
4,440
$
6,095
Net sales
3,840
3,132
3,840
Cost of Goods Sold
GROSS PROFIT
1,150
777
1,035
Stores and Distribution Expense
333
575
Selling, General and Administrative Expense
Other Operating Expense (Income), Net
460
12
22
35
OPERATING INCOME
(1)
(4)
(2)
Interest Income (Expense)
OPERATING INCOME BEFORE TAXES
115
78
230
Income Tax Expense
1
NET INCOME
$
24
$
2
EARNINGS PER SHARE
3
Formulas/Links:
n/a
n/a
Calculate the following for:
2021
2020
24
Gross Profit Margin (percentage)
n/a
25
n/a
26
Net Profit Margin (percentage)
27
28
Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
29
30
31
32
33
Sales prices increased and unit costs of inventory decreased
Sales prices decreased and unit costs of inventory increased
Sales quantity increased and goods sold decreased
Sales quantity decreased and goods sold increased
Twn nf morenftheseare nnssihle exnlanations
Instructions
34
35
36
37
38
A Income Statements
A Balance Sheets
Ready
Solivio
2021-02...1.55 PM
Samantha O
English Quiz
Transcript.pdf
M13A1
IM](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F501b619b-4d65-4bd7-b09b-8a42f20ecead%2F8f425bdd-aa93-4971-8013-3a7209a2d7da%2Fs97gvbc_processed.jpeg&w=3840&q=75)
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Data
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View
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UBERCRUMMIE & FRITCH CO.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Common-Size Analysis
Trend Analysis
(In millions, except share and per share amounts)
2019-2020
2021
2020
2020-2021
Fiscal Years Ended December 31,
$ Change
% Change
(Percent of Net Sales)
2020
2019
$ Change
% Change
2021
5,750
4,440
$
6,095
Net sales
3,840
3,132
3,840
Cost of Goods Sold
GROSS PROFIT
1,150
777
1,035
Stores and Distribution Expense
333
575
Selling, General and Administrative Expense
Other Operating Expense (Income), Net
460
12
22
35
OPERATING INCOME
(1)
(4)
(2)
Interest Income (Expense)
OPERATING INCOME BEFORE TAXES
115
78
230
Income Tax Expense
1
NET INCOME
$
24
$
2
EARNINGS PER SHARE
3
Formulas/Links:
n/a
n/a
Calculate the following for:
2021
2020
24
Gross Profit Margin (percentage)
n/a
25
n/a
26
Net Profit Margin (percentage)
27
28
Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
29
30
31
32
33
Sales prices increased and unit costs of inventory decreased
Sales prices decreased and unit costs of inventory increased
Sales quantity increased and goods sold decreased
Sales quantity decreased and goods sold increased
Twn nf morenftheseare nnssihle exnlanations
Instructions
34
35
36
37
38
A Income Statements
A Balance Sheets
Ready
Solivio
2021-02...1.55 PM
Samantha O
English Quiz
Transcript.pdf
M13A1
IM
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