TJXBURL Group Project C BUSMBA515
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Boise State University *
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Subject
Accounting
Date
May 20, 2024
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xlsx
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TJX Cos Inc/The (TJX US) - Adjusted
Burlington Stores Inc (BURL
In Millions of USD except Per Share
FY 2021
FY 2022
FY 2023 Est
In Millions of USD except Per Share
FY 2021
12 Months Ending
01/30/2021
01/29/2022
01/31/2023
12 Months Ending
01/30/2021
Revenue
32,137.0
48,550.0
49,772.1
Revenue
5,764.0
+ Sales & Services Revenue
32,137.0
48,550.0
+ Sales & Services Revenue
5,764.0
- Cost of Revenue
24,533.8
34,713.8
- Cost of Revenue
3,555.0
+ Cost of Goods & Services
24,533.8
34,713.8
+ Cost of Goods & Services
3,555.0
Gross Profit
7,603.1
13,836.2
13,973.5
Gross Profit
2,209.0
+ Other Operating Income
0.0
0.0
+ Other Operating Income
8.4
- Operating Expenses
6,937.1
9,072.6
- Operating Expenses
2,500.5
+ Selling, General & Admin
7,020.9
9,081.2
+ Selling, General & Admin
2,523.4
+ Research & Development
0.0
0.0
+ Research & Development
0.0
+ Other Operating Expense
-83.8
-8.6
+ Other Operating Expense
-23.0
Operating Income (Loss)
666.0
4,763.5
4,904.8
Operating Income (Loss)
-283.1
- Non-Operating (Income) Loss
180.7
115.1
- Non-Operating (Income) Loss
97.8
+ Interest Expense, Net
180.7
115.1
+ Interest Expense, Net
96.5
+ Interest Expense
193.7
119.5
+ Interest Expense
97.8
- Interest Income
12.9
4.4
- Interest Income
1.3
+ Other Non-Op (Income) Loss
0.0
0.0
+ Other Non-Op (Income) Loss
1.3
Pretax Income (Loss), Adjusted
485.3
4,648.5
4,833.1
Pretax Income (Loss), Adjusted
-380.9
- Abnormal Losses (Gains)
396.0
250.8
- Abnormal Losses (Gains)
56.7
+ Disposal of Assets
—
8.6
+ Merger/Acquisition Expense
—
+ Early Extinguishment of Debt
312.2
242.2
+ Early Extinguishment of Debt
0.2
+ Asset Write-Down
—
+ Asset Write-Down
6.0
+ Impairment of Goodwill
—
+ Legal Settlement
22.8
+ Restructuring
—
+ Restructuring
—
+ Other Abnormal Items
83.8
+ Other Abnormal Items
27.7
Pretax Income (Loss), GAAP
89.3
4,397.6
4,833.1
Pretax Income (Loss), GAAP
-437.6
- Income Tax Expense (Benefit)
-1.2
1,114.8
- Income Tax Expense (Benefit)
-221.1
+ Current Income Tax
231.1
1,159.0
+ Current Income Tax
-196.2
+ Deferred Income Tax
-232.3
-44.2
+ Deferred Income Tax
-25.0
Income (Loss) from Cont Ops
90.5
3,282.8
3,506.4
Income (Loss) from Cont Ops
-216.5
Net Income Avail to Common, GAAP
90.5
3,282.8
3,506.4
Net Income Avail to Common, GAA
-216.5
Net Income Avail to Common, Adj
403.3
3,481.0
3,632.9
Net Income Avail to Common, Adj
-184.1
Net Abnormal Losses (Gains)
312.9
198.2
Net Abnormal Losses (Gains)
32.4
Net Extraordinary Losses (Gains)
0.0
0.0
Net Extraordinary Losses (Gains)
0.0
Reference Items
Reference Items
EBITDA
3,357.2
7,537.9
5,837.9
EBITDA
373.3
EBIT
666.0
4,763.5
4,904.8
EBIT
-283.1
Dividends per Share
0.26
1.04
1.17
Dividends per Share
0.00
Depreciation Expense
858.0
858.0
Depreciation Expense
206.2
Rental Expense
2,983.4
3,292.4
Rental Expense
616.3
Source: Bloomberg
Right click to show data transparency (not supported for
Source: Bloomberg
Right click
L US) - BBG Adjusted
FY 2022
FY 2023 Est
01/29/2022
01/31/2023
9,322.3
8,542.4
9,322.3
5,436.2
5,436.2
3,886.1
3,458.5
11.6
3,073.9
3,095.8
—
-21.9
823.8
400.8
67.5
67.3
67.5
0.2
0.2
756.3
341.8
211.0
21.9
159.4
7.7
—
—
21.9
545.3
341.8
136.5
84.5
52.0
408.8
228.2
408.8
228.2
598.2
260.7
189.3
0.0
1,535.6
667.9
823.8
400.8
0.00
0.00
249.2
650.6
to show data transparency (not supported for all values)
TJX Cos Inc/The (TJX US) - Standardized
In Millions of USD except Per Share
FY 2020
FY 2021
FY 2022
12 Months Ending
02/01/2020
01/30/2021
01/29/2022
Total Assets
+ Cash, Cash Equivalents & STI
3,216.8
10,469.6
6,226.8
+ Cash & Cash Equivalents
3,216.8
10,469.6
6,226.8
+ ST Investments
0.0
0.0
0.0
+ Accounts & Notes Receiv
386.3
461.1
517.6
+ Accounts Receivable, Net
386.3
461.1
517.6
+ Notes Receivable, Net
0.0
0.0
0.0
+ Inventories
4,872.6
4,337.4
5,961.6
+ Other ST Assets
415.0
471.2
552.6
+ Derivative & Hedging Assets
7.2
9.0
45.1
+ Misc ST Assets
407.8
462.2
393.0
Total Current Assets
8,890.6
15,739.3
13,258.6
+ Property, Plant & Equip, Net
14,385.4
14,026.1
14,124.8
+ Property, Plant & Equip
20,432.6
20,752.8
21,289.6
- Accumulated Depreciation
6,047.2
6,726.7
7,164.8
+ LT Investments & Receivables
0.0
0.0
0.0
+ Other LT Assets
869.0
1,048.1
1,078.1
+ Total Intangible Assets
95.5
99.0
96.7
+ Goodwill
95.5
99.0
96.7
+ Other Intangible Assets
0.0
0.0
0.0
+ Deferred Tax Assets
12.1
127.2
185.0
+ Derivative & Hedging Assets
0.0
0.0
0.0
+ Misc LT Assets
761.3
821.9
796.5
Total Noncurrent Assets
15,254.4
15,074.2
15,202.9
Total Assets
24,145.0
30,813.6
28,461.5
Liabilities & Shareholders' Equity
+ Payables & Accruals
3,419.3
5,825.6
5,734.5
+ Accounts Payable
2,672.6
4,823.4
4,465.4
+ Accrued Taxes
24.7
81.5
181.2
+ Interest & Dividends Payable
281.7
315.6
311.8
+ Other Payables & Accruals
440.4
605.1
776.1
+ ST Debt
1,411.2
1,677.6
1,576.6
+ ST Borrowings
0.0
0.0
0.0
+ ST Lease Liabilities
1,411.2
1,677.6
1,576.6
+ ST Finance Leases
0.0
0.0
0.0
+ ST Operating Leases
1,411.2
1,677.6
1,576.6
+ Current Portion of LT Debt
0.0
0.0
0.0
+ Other ST Liabilities
2,319.7
3,300.5
3,157.1
+ Deferred Revenue
784.2
891.8
1,084.2
+ Derivatives & Hedging
20.2
21.9
3.3
+ Misc ST Liabilities
1,515.3
2,386.8
2,069.6
Total Current Liabilities
7,150.2
10,803.7
10,468.1
+ LT Debt
10,053.3
13,076.1
10,930.4
+ LT Borrowings
2,236.6
5,332.9
3,354.8
+ LT Lease Liabilities
7,816.6
7,743.2
7,575.6
+ LT Finance Leases
0.0
0.0
0.0
+ LT Operating Leases
7,816.6
7,743.2
7,575.6
+ Other LT Liabilities
993.3
1,101.1
1,059.9
+ Accrued Liabilities
0.0
0.0
0.0
+ Pension Liabilities
101.8
106.0
114.0
+ Pensions
0.0
0.0
0.0
+ Deferred Revenue
0.0
0.0
0.0
+ Deferred Tax Liabilities
142.2
37.2
44.2
+ Derivatives & Hedging
0.0
0.0
0.0
+ Misc LT Liabilities
749.3
957.9
901.7
Total Noncurrent Liabilities
11,046.5
14,177.2
11,990.3
Total Liabilities
18,196.8
24,980.9
22,458.5
+ Preferred Equity and Hybrid Capital
0.0
0.0
0.0
+ Share Capital & APIC
1,199.1
1,465.2
1,181.2
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Related Questions
A. Belowis the Statement of Firancial Position of QM General Merchandise:
Increase
(Decrease)
2019
2020
Percentage
P 192,375
937,508
152,618
P1,282,500 P1,392,750
P 265,500
968,500
159,750
Curent Assets
Property, Plant, and Equipment
Other Assets
Total Assets
Liabilities
|Total Current Liabilities
Long-term debt
Owner's Capit al
Total Liabilities and Equity
P 220,590
491,198
570,713
P1,282,500 P1,392,750
P 225,450
460,250
706,950
Requirements:
Prepare a horizontal aralysis for QM General Merchandise.
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EQUITIES AND LIABILITIES (in Rs. crore)
SHAREHOLDER'S FUNDS
2019
2018
2017
Equity Share Capital
397.13
397.13
397.13
Reserves and Surplus
21,808.05
20,615.40
19,576.08
TOTAL SHAREHOLDERS FUNDS
22,205.18
21,012.53
19,973.21
NON-CURRENT LIABILITIES
Long Term Borrowings
35.28
39.68
24.12
Deferred Tax Liabilities [Net]
216.06
372.16
458.36
Other Long Term Liabilities
36.45
8.35
8.94
Long Term Provisions
50.34
38.53
35.23
TOTAL NON-CURRENT LIABILITIES
338.13
458.72
526.65
CURRENT LIABILITIES
Short Term Borrowings
0.00
0.00
0.00
Trade Payables
935.98
1,109.46
1,046.53
Other Current Liabilities
3,426.07
2,514.92
2,993.37
Short Term Provisions
85.37
91.05
87.08
TOTAL CURRENT LIABILITIES
4,447.42
3,715.43
4,126.98
TOTAL CAPITAL AND LIABILITIES
26,990.73
25,186.68
24,626.84
ASSETS
NON-CURRENT ASSETS
Tangible Assets
5,633.62
5,563.19
5,693.45
Intangible Assets
178.83
100.41
28.54
Capital Work-In-Progress
1,108.70
610.02
348.48
FIXED ASSETS
6,921.15
6,273.62
6,119.91
Non-Current Investments…
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Selected ratios
formulars
Unilever 2021
BOPP 2021
ROCE
PBIT / net assets * 100
(32,424/39,406 *100
= - 82%
102,154 / 192,758 *100
=53%
Net Assets Turnover
Revenue / Net Assets
526,912 / 39,406
= 13 times
214,174 / 192,758
= 1 time
Gross Profit Margin
Gross profit / revenue *100
97,046 / 526,912 *100
18.4%
115,462 / 214,174 * 100
54%
Net Profit Before Tax
PBT / revenue * 100
(35,005) / 526,912* 100
= -6.6%
104,778 / 214,174* 100
=48.9%
Current Ratio
Current assets / current liabilities
214,665/341,171
= 0.5
139,104 / 30,368
= 4.5
Quick Ratio
Current assets – inventory / current liabilities
214,665-91,627 /341,171
= 0.4
139,104 -13,248/ 30,368
= 4.1
Inventory Days
Inventory / cost of sales * 365 days
91,627/ 429,866 *365
= 77 days
13,248 / 101,397 *365
= 47 days
Receivable Days
Receivables / cost of sales * 365 days
24,515 / 429,866 *365
=20 days
92,860 / 101,397 *365
=334 days
Payable Days…
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2021
2020
$ 88,000 $ 70,000
93,000
76,000
Accounts receivable
Inventory
Net sales (all credit)
Cost of goods sold
510,000
380,000
257,000
s05,000
223,000
760, e00
Total assets
Total stockholders' equity
510,000
77,000
445,000
56,e00
Net income
IPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place.)
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tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yield
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Complete the missing information:
AMAZON.COM, INC.
In Dollar US in MILLIONS
Vertical Vertical Horizontal
2019
2020
+Net operating
280,522 386,064 100.00% 100.00%
revenues
-Cost of goods
165,536 233,307 59.01%
60.43%
40.94%
sold
=Gross profit
114,986 152,757
39.57%
32.85%
%
-SGA Expenses
100,244 129,933
35.73%
33.66%
29.62%
and R&D
-Other oper exp
201
-75
0.07%
-0.02%
(income)
%
=Profit loss from
operating
14,541 22,899
5.18%
5.93%
57.48%
activities
-Net financial exp
768
1,092
0.27%
42.19%
(inc)
%
+Net equity
-14
16
0.00%
0.00%
-214.29%
income
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Life-Positive’s Account Balances 2021 ($) 2022 ($) Accounts Payable 24,600.00 21,250.00 Accounts receivable 15,700.00 12,340.00 Cash 23,450.00 28,600.00 Cost of goods sold 19,700.00 23,000.00 Depreciation 3,090.00 4,590.00 Dividends 5,800.00 10,800.00 Interest 2,340.00 2,890.00 Inventory 7,050.00 8,640.00 Long-term debt 28,000.00…
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Life-Positive’s Account Balances
2021 ($)
2022 ($)
Accounts Payable
24,600.00
21,250.00
Accounts receivable
15,700.00
12,340.00
Cash
23,450.00
28,600.00
Cost of goods sold
19,700.00
23,000.00
Depreciation
3,090.00
4,590.00
Dividends
5,800.00
10,800.00
Interest
2,340.00
2,890.00
Inventory
7,050.00
8,640.00
Long-term debt
28,000.00
30,000.00
Net fixed assets
41,500.00
48,000.00
Other expenses
2,400.00
2,800.00
Sales
58,000.00
62,500.00
Short-term Notes Payable
2,890.00
2,340.00
Shares outstanding
85,000.00
90,000.00
The tax rate is 32%
1.Prepare a balance sheet for 2021 and 2022 for the company, clearly showing information about each line item.
2.Prepare an income statement for 2021 and 2022 for the company. 3.For the year ending 2022, determine the Net New Equity, Change in Net Working Capital, Net Capital Spending and Operating Cash flow.
4.Calculate the cash flow from assets, cash flow to creditors,…
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Walmart Revenue
The annual revenue of Walmart is given in the table below (source ).
Walmart Annual
Revenue
(Billions of US dollars)
559.151
Year
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
523.964
514.405
500.343
485.873
482.130
485.651
476.294
468.651
446.509
421.849
408.085
404.254
377.023
348.368
312.101
284.310
Apply linear regression to the data in the table to find a model
y = mx + b,
where y is Walmart's annual revenue in billions of US dollars, and a is the number of years since
2000.
Use the model y = mx + b with m rounded to the nearest tenth and 6 rounded to the nearest
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Life-Positive’s Account Balances
2021 ($)
2022 ($)
Accounts Payable
24,600.00
21,250.00
Accounts receivable
15,700.00
12,340.00
Cash
23,450.00
28,600.00
Cost of goods sold
19,700.00
23,000.00
Depreciation
3,090.00
4,590.00
Dividends
5,800.00
10,800.00
Interest
2,340.00
2,890.00
Inventory
7,050.00
8,640.00
Long-term debt
28,000.00
30,000.00
Net fixed assets
41,500.00
48,000.00
Other expenses
2,400.00
2,800.00
Sales
58,000.00
62,500.00
Short-term Notes Payable
2,890.00
2,340.00
Shares outstanding
85,000.00
90,000.00
The tax rate is 32%
1.Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2022.
2.what is the Dividends per Share and Earnings per Share for each year for Brown Company.
3.Briefly comment on the company’s cash flows for 2022 in light of an expansion plan which will be financed by both debt and…
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Powell Panther Corporatlon: Income Statements for Year Ending December 31 (millons of dollars)
2021
2020
Sales
2,185.0 S 1,900.0
Operating costs excluding depreciation and amortization
1,748.0
1,615.0
EBITDA
437.0
S 285.0
Depreciation and amortization
46.0
42.0
Earnings before interest and taxes (EBIT)
391.0
S 243.0
Interest
48.1
41.8
Earnings before taxes (EBT)
342.9
S 201.2
Taxes (25%)
137.2
80.5
Net income
205.7
S 120.7
Common dividends
185.1
S 96.6
Powell Panther Corporatlon: Balance Sheets as of December 31 (mllons of dollars)
2021 2020
Assets
Cash and equivalents
34.0
$ 27.0
Accounts receivable
251.0
228.0
Inventories
502.0
456.0
Total current assets
787.0
$ 711.0
Net plant and equipment
460.0
418.0
Total assets
1,247.0 S 1,129.0
Liabilities and Equity
Accounts payable
219.0
$ 190.0
Accruals
137.0
114.0
Notes payable
43.7
38.0
Total current liabilities
399.7
342.0
Long-term bonds
437.0
380.0
Total liabilities
836.7
$ 722.0
Common stock
353.5
370.8
Retained earnings
56.8
36.2…
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ect Assignment
The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below:
ALEXIAN SYSTEMS, INCORPORATED
Income Statement.
For the Year Ended December 31, 2024
($ in millions, except earnings per share)
Revenues and gains:
Sales revenue
Interest revenue
Other income
Total revenues and gains.
Expenses:
Cost of goods sold
Selling and administrative expense
Income tax expense
Total expenses
Net Income
Earnings per share
$ 435
6
128
569
247
158
41
446
$123
$ 12.30
Saved
Help
Additional information:
1. Selling and administrative expense includes $28 million in restructuring costs.
2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating
income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments.
3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The
amount is material.…
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Assume the following sales data for a company:
2023
$966000
2022
871000
2021
696800
If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?
А. 25%
В. 139%
С. 125%
D. 39%
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K
McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement:
Year Ended
December 31, 2024
Net income
Income tax expense
Interest expense
$
22,950
6,600
3,000
What was McDaniel's times-interest-earned ratio for 2024?
OA. 7.65
OB. 10.85
OC. 9.85
OD. 8.65
point(s) possible
...
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II. Direction: The following comparative financial statements are provided by Zeus Company. Using
Horizontal and Vertical approach, calculate the missing and write your answer on the blank. Show
supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity.
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Income Statements for the Year Ended 31st Dec 2020
KM Ltd
ROW Ltd
£'000
£'000
Sales revenue
8,320
11,250
Cost of sales
(6,020)
(9,030)
Gross profit
2,300
2,220
Operating expenses
(1,048)
(1,535)
Operating profit
1,252
685
Finance charges
(20)
(70)
Profit before tax
1,232
615
Taxation
(62)
(30)
Profit for the year
1,170
585
SOFP (Balance Sheet) as at 31st Dec 2020
KM Ltd
ROW Ltd
£'000
£'000
£'000
£'000
Non-current assets
502
198
Current assets
Inventory
1,290
2,437
Trade receivables
730
1,990
2,020
4,427
Total assets
2,522
4,625
Equity
Share capital
1,350
800
Reserves
580
1,145
1,930
1,945…
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Extract from Income Statement for the year ended 30 June 2020:
R
Sales
5 220 000
Cost of sales
3 600 000
Operating profit
1 295 000
Income tax
190 500
Net profit after tax
444 500
Extract from Balance Sheet on 30 June :
2020
2019
R
Fixed assets (carrying value)
17 420 950
14 683 300
Fixed deposit: Ken Bank
250 000
380 000
Current assets
1 015 000
456 000
Inventories (only trading stock)
564 000
281 500
Trade and other receivables (debtors)
246 000
167 000
Cash and cash equivalents
205 000
7 500
Shareholders' equity
10 050 750
9 540 000
Ordinary share capital
10 000 000
9 180 000
Retained income
50 750
360 000
Loan: Barbie Bank
8 000 000
4 500 000
Current liabilities
635 200
1479 300
Trade and other payables
420 000
683 400
Shareholders for dividends
209 000
162 000
SARS: Income tax
6 200
23 400
Bank overdraft
610 500
Use the above information and calculate the following financial indicators were on 30 June: (Rounded off to 1 decimal)
2020
2019
Current ratio
(A)
(B)
Acid-test ratio
(C)…
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Income Statements for the Year Ended 31st Dec 2020
KM Ltd
ROW Ltd
£'000
£'000
Sales revenue
8,320
11,250
Cost of sales
(6,020)
(9,030)
Gross profit
2,300
2,220
Operating expenses
(1,048)
(1,535)
Operating profit
1,252
685
Finance charges
(20)
(70)
Profit before tax
1,232
615
Taxation
(62)
(30)
Profit for the year
1,170
585
SOFP (Balance Sheet) as at 31st Dec 2020
KM Ltd
ROW Ltd
£'000
£'000
£'000
£'000
Non-current assets
502
198
Current assets
Inventory
1,290
2,437
Trade receivables
730
1,990
2,020
4,427
Total assets
2,522
4,625
Equity
Share capital
1,350
800
Reserves
580
1,145
1,930
1,945…
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A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $3 million sinking fund payment on its debt. The
most recent industry average ratios and the firm's financial statements are as follows:
Industry Average Ratios
Current ratio
Debt-to-capital ratio
Times interest earned
EBITDA coverage
Inventory turnover
Cash and equivalents
Accounts receivables
Inventories
Total current assets
2x
17%
3 x
6 x
11 x
Days sales
outstandinga
Calculation is based on a 365-day year.
Balance Sheet as of December 31, 2021 (millions of dollars)
$78
Accounts payable
Other current liabilities
51
125
Notes payable
$ 254
Total current liabilities
Long-term debt
Total liabilities
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and equity
Gross fixed assets
Less depreciation
Net fixed assets
Total assets
15 days
Fixed assets turnover
Total assets turnover…
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Global Corp. initially projected the 2019 income statement shown in the table E. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 14.1%. However, their operating margin fell from
5.56% to 4.49% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018.
a. What was Global's EBIT in 2019?
b. What was Global's income in 2019?
c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019?
a. What was Global's EBIT in 2019?
Global's EBIT was $
million. (Round to two decimal places.)
b. What was Global's income in 2019?
Net income was $
million. (Round to two decimal places.)
c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019?
Global's share price in 2019 was $. (Round to the nearest cent.)
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Maple Group Ltd
Comparative Balance Sheet
December 31, 2020 and 2019
2020
2019
Increase/(Decrease)
Assets
Cash and cash equivalent
?
15,300
?
Accounts Receivable
?
?
2,250
Inventories
102,000
109,700
?
Fixed Assets, net
142,300
94,300
?
Total Assets
299,050
262,500
36,550
Liabilities
Accounts payable
25,600
26,600
?
Accrued liabilities
24,000
22,800
?
Long-term notes payable
54,350
?
?
Stockholders' Equity:
Common Stock
140,300
?
8,900
Retained earnings
54,800
19,700
35,100
Total liabilities and stockholders' equity
299,050
262,500…
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Maple Group LtdComparative Balance SheetDecember 31, 2020 and 20192020 2019 Increase/(Decrease)Assets Cash and cash equivalent ? 31,500 (10,000)Accounts Receivable ? 87,500 ? Inventories 97,100 ? ? Fixed Assets, net 142,300 ? 32,000 Total Assets 302,900 323,000 (20,100)Liabilities Accounts payable 25,600 26,600 ? Accrued liabilities 24,000 ? 1,200 Long-term notes payable 58,200 ? (20,000)Stockholders' Equity: Common Stock ? 131,400 ? Retained earnings 54,800 64,000 (9,200)Total liabilities and stockholders' equity 302,900 323,000 (20,100)- - -
Maple Group Ltd Income Statement Year Ended December 31,2020 Revenues and gains: Sales revenue 370,000 Interest revenue 11,800 Total revenues and gains 381,800 Expenses Cost of goods sold 205,500 Depreciation expense 15,500 Other operating expense 126,000 Interest expense 24,300 Total expenses 371,300 Income before income taxes 10,500 Income tax expense 16,300 Net Loss (5,800) Notes Acquisition of fixed asset during 2020 47,500 Sale proceed…
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Maple Group Ltd
Comparative Balance Sheet
December 31, 2020 and 2019
2020
2019
Increase/(Decrease)
Assets
Cash and cash equivalent
64,990
61,895
?
Accounts Receivable
95,100
88,500
?
Inventories
72,500
79,855
?
Fixed Assets, net
?
?
?
Total Assets
442,590
395,800
46,790
Liabilities
Accounts payable
45,000
58,350
?
Accrued liabilities
?
?
?
Long-term notes payable
99,500
128,550
?
Stockholders' Equity:
Common Stock
143,050
105,110
37,940
Retained earnings
43,540
24,290
19,250
Total liabilities and stockholders' equity
442,590
395,800
46,790…
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FULL
HD-1080-
Q
@
2
P
W
S
F3
#
3
E
D
Current assets
Cash
Trading investments
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Total current liabilities
Additional information:
(in thousands)
Allowance for doubtful accounts
Credit sales
Cost of goods sold
F4
O
$
4
R
F
DIO
%
5
F6
(in thousands)
€
T
2021
$30 $ 91 $ 60
A
55
6
671
624
41
2021
$ 1,421
$ 1,311
$ 882 $ 826
H O
M
4,175
Y
2,909
2020
H
$ 50 $ 45
FB
&
7
60
582
A
526
52
2020
3,901
2,645
U
2019
*
8
40
498
581
29
$ 1,208
$ 756
2019
$ 40
3,733
2,364
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The following Trial Balance was extracted from the books of Aso Ltd for the year ended 30th September 2018
Dr
Cr
GH¢
GH¢
Stated Capital
185,280
Revaluation surplus @ 1/1/2018
25,000
Income Surplus @ 1/1/2018
32,000
Inventory
24,200
91 days treasury bill
57,000
Sales
421,450
Purchases
167,350
Purchase returns
6,040
Electricity
2,230
Discounts allowed
2,420
Discounts received
4,270
Motor expenses
33,580
Bank
24,511
Salaries
108,000
Insurance
15,400
Receivables
110,140
Irrecoverable debts
1,420
Allowance for receivables
3,153
Trade Payables
76,288
General Admin expenses
6,780
9% Loan note (2016-2021)
150,000
Loan interest
12,000
Land and buildings @ cost
340,000
Accumulated depreciation for buildings
26,000
Equipment @ cost…
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swer questions
Income Statement Items
2019
2016
(000'Rands) (000'Rands)
Sales
Depreciation and ammortisation
Interest expense
Operating expense
Gross Profit Margin
000
480
40%
%0%
Tax rate
30%
30%
2019
2016
Balance Sheet
(000'Rands) (000'Rands)
Accounts Payable
1,500
Accounts Receivable
Accumulated /Retained Profits
to 00
to 00
Cash
to 00
0o 00
to 00
to 00
0o 00
Inventory
Long term loans
Ordinary Shares
Property, Plant and Equipment
Short term loans
to 00
0o 00
00 00
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فاطمة غبشان
أمس 4:41 م
The XYZ Company had the following
income statement on 31.12.2020
Deprecation 12000 Net income
85000 OMR The following accounts
decreased during 2020: Accounts
receivable 18000 inventory 22000
OMR, Rent payable 6000, Machinery
15000 OMR The following accounts
increased during 2020:Notes
receivable 12000 Accounts Payable
11000 long term Bonds payable
30000 OMR Calculate cash flows
from operating activities
اخترأحد الخیارات
a. 149000 OMR O
b. 145000 OMR O
c. 130000 OMR
d. NONE OF THESE
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Statement of Profit or Loss for Guinness Ghana Ltd
2019
GH¢’000
2018
GH¢’000
2017
GH¢’000
Revenue from contracts with customers
684,979
623,102
587,447
Cost of sales
(511,023)
(464,781)
(437,111)
Gross profit
173,956
158,321
150,336
Advertising and marketing expenses
(16,324)
(21,773)
(36,826)
Administrative expenses
(93,348)
(76,491)
(61,406)
Other expenses
(13,292)
(8,876)
(10,859)
Impairment charges on financial assets
(1,110)
-
-
Other income
1,284
612
Profit from operating expenses
49,882
52,465
41,857
Finance income
2,245
2,357
443
Finance cost
(19,579)
(19,392)
(30,724)
Profit before income tax
32,548
35,430
11,576
Income tax expense
(12,938)
(9,226)
(4,662)
National fiscal stabilisation levy
(1,564)
(2,349)
-
Profit for the year
18,046
23,855
6,914
Other comprehensive income
Items that are not…
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Statement of Profit or Loss for Guinness Ghana Ltd
2019
GH¢’000
2018
GH¢’000
2017
GH¢’000
Revenue from contracts with customers
684,979
623,102
587,447
Cost of sales
(511,023)
(464,781)
(437,111)
Gross profit
173,956
158,321
150,336
Advertising and marketing expenses
(16,324)
(21,773)
(36,826)
Administrative expenses
(93,348)
(76,491)
(61,406)
Other expenses
(13,292)
(8,876)
(10,859)
Impairment charges on financial assets
(1,110)
-
-
Other income
1,284
612
Profit from operating expenses
49,882
52,465
41,857
Finance income
2,245
2,357
443
Finance cost
(19,579)
(19,392)
(30,724)
Profit before income tax
32,548
35,430
11,576
Income tax expense
(12,938)
(9,226)
(4,662)
National fiscal stabilisation levy
(1,564)
(2,349)
-
Profit for the year
18,046
23,855
6,914
Other comprehensive income
Items that are not subsequently…
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- A. Belowis the Statement of Firancial Position of QM General Merchandise: Increase (Decrease) 2019 2020 Percentage P 192,375 937,508 152,618 P1,282,500 P1,392,750 P 265,500 968,500 159,750 Curent Assets Property, Plant, and Equipment Other Assets Total Assets Liabilities |Total Current Liabilities Long-term debt Owner's Capit al Total Liabilities and Equity P 220,590 491,198 570,713 P1,282,500 P1,392,750 P 225,450 460,250 706,950 Requirements: Prepare a horizontal aralysis for QM General Merchandise.arrow_forwardEQUITIES AND LIABILITIES (in Rs. crore) SHAREHOLDER'S FUNDS 2019 2018 2017 Equity Share Capital 397.13 397.13 397.13 Reserves and Surplus 21,808.05 20,615.40 19,576.08 TOTAL SHAREHOLDERS FUNDS 22,205.18 21,012.53 19,973.21 NON-CURRENT LIABILITIES Long Term Borrowings 35.28 39.68 24.12 Deferred Tax Liabilities [Net] 216.06 372.16 458.36 Other Long Term Liabilities 36.45 8.35 8.94 Long Term Provisions 50.34 38.53 35.23 TOTAL NON-CURRENT LIABILITIES 338.13 458.72 526.65 CURRENT LIABILITIES Short Term Borrowings 0.00 0.00 0.00 Trade Payables 935.98 1,109.46 1,046.53 Other Current Liabilities 3,426.07 2,514.92 2,993.37 Short Term Provisions 85.37 91.05 87.08 TOTAL CURRENT LIABILITIES 4,447.42 3,715.43 4,126.98 TOTAL CAPITAL AND LIABILITIES 26,990.73 25,186.68 24,626.84 ASSETS NON-CURRENT ASSETS Tangible Assets 5,633.62 5,563.19 5,693.45 Intangible Assets 178.83 100.41 28.54 Capital Work-In-Progress 1,108.70 610.02 348.48 FIXED ASSETS 6,921.15 6,273.62 6,119.91 Non-Current Investments…arrow_forwardSelected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…arrow_forward
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Recommended textbooks for you
- Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage Learning
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning