Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company. Given info: Items from financial statements Earnings per share on the common stock

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Answer 1

Question

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

b)

To determine

Calculate price earnings ratio.

c)

To determine

Calculate dividend per share of common stock.

d)

To determine

Calculate Dividend yield.

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Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's expenses, Gross margin, and Net income?

Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's assets, Liabilities, and Equity?

Answer 2

Question

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

b)

To determine

Calculate price earnings ratio.

c)

To determine

Calculate dividend per share of common stock.

d)

To determine

Calculate Dividend yield.

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Answer 3

Question

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

b)

To determine

Calculate price earnings ratio.

c)

To determine

Calculate dividend per share of common stock.

d)

To determine

Calculate Dividend yield.

Expert Solution & Answer

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Answer 4

Question

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

b)

To determine

Calculate price earnings ratio.

c)

To determine

Calculate dividend per share of common stock.

d)

To determine

Calculate Dividend yield.

Expert Solution & Answer

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Answer 5

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

b)

To determine

Calculate price earnings ratio.

c)

To determine

Calculate dividend per share of common stock.

d)

To determine

Calculate Dividend yield.

Answer 6

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

Answer 7

Chapter 15, Problem 15.21EX

a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

Answer 8

b)

To determine

Calculate price earnings ratio.

Answer 9

b)

To determine

Calculate price earnings ratio.

Answer 10

c)

To determine

Calculate dividend per share of common stock.

Answer 11

c)

To determine

Calculate dividend per share of common stock.

Answer 12

d)

To determine

Calculate Dividend yield.

Answer 13

d)

To determine

Calculate Dividend yield.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 15 - Prob. 1DQ Ch. 15 - What is the advantage of using comparative...Ch. 15 - A companys current year net income (after income...Ch. 15 - Prob. 4DQ Ch. 15 - Prob. 5DQ Ch. 15 - Prob. 6DQ Ch. 15 - Prob. 7DQ Ch. 15 - Prob. 8DQ Ch. 15 - Prob. 9DQ Ch. 15 - Prob. 10DQ

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company. Given info: Items from financial statements Earnings per share on the common stock

Solution Summary: The author explains how financial ratios are used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

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Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

Given info: Items from financial statements

Earnings per share on the common stock

Calculate price earnings ratio.

Calculate dividend per share of common stock.

Calculate Dividend yield.

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