Starbucks Corporation reported the following geographical segment revenues for a recentand a prior fiscal year:Recent YearPrior Year(in millions, rounded)(in millions, rounded)Americas$13,293$11,980EMEA*1,2171,295China/Asia Pacific2,3961,130Channel Development**1,7311,546Other526497$19,163$16448Total*Europe, Middle East, and Africa**Sells packaged coffee and teas globallya. Prepare a horizontal analysis of the segment data using the prior year as the base year.Round whole percents to one decimal place.b. Prepare a vertical analysis of the segment data. Round whole percents to one decimalplace.c. What conclusions can be drawn from your analyses?

Horizontal analysis of segment revenue uses one year as the base year and then the change in…

Answered: Starbucks Corporation reported the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): 2017 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,332 $3,956 $8,651 $4,767 $10,524 Intersegment sales 42 73 1,986 409 81 Total sales $7,374 $4,029 $10,637 $5,176 $10,605 2016 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,014 $3,746 $6,437 $4,788 $19,751 Intersegment sales 264 73 3,773 506 134 Total sales $7,278 $3,819 $10,210 $5,294 $19,885 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Round your answers to one decimal place. Intersegment Sales as a % of Total Sales Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments 2017 ? ? ? ? ?…
Key figures for Samsung follow (in $ millions). Cash and equivalents Accounts receivable, net Inventories Retained earnings $ 23,069 Cost of sales 30,144 Revenues 22,966 Total assets 218,440 $ 126,336 197, 691 302,511 Required: 1. Compute common-size percents for Samsung using the data given. 2. What is Samsung's gross margin ratio on sales? 3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?
Vertical Analysis Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $298,000 104,300 193,700 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $298,000 Cost of goods sold 104,300 Gross profit $193,700 % %
Given the income statement below, Mega Trade Inc. wants to find the resulting net income for the year 2018 (in million). What is the right amount? Income Statement ($ Million) Year End 2015 2016 2017 2018 Sales 1,234.90 1,251.70 1,300.40 1,334.40 Cost of Sales -679.1 -659 -681.3 -667 Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income/Expenses 11.8 7.6 7 8.2 Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Income Taxes -56.8 -64.2 -67.5 -72.6 Dividends -38.3 -38.7 -39.8 -40.1 CHOICES: A. 108.7B. 132.7C. No choice givenD. 132.8E. 121.8
Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Black Sheep Broadcasting Company and Purple Panda Importers and calculate the TIE ratio for each firm. Black Sheep Broadcasting Company Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 1400 Variable costs 560 Fixed costs 490 Total Operating Costs $1,050.00 Operating Income (or EBIT) 350 Less interest 60 Earnings before Taxes (EBT) 290 Less taxes (40%) 116 Net Income 174 Times Interest Earned (TIE) _________? Purple Panda Importers Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales $1,700.00 Variable costs 425 Fixed costs 765 Total Operating Costs $1,190.00 Operating Income (or EBIT) 510 Less interest 100 Earnings before Taxes (EBT) 410 Less taxes (40%) 164 Net…
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…
10 )
Cochran corporation, Inc. has the following income statement: Cochran corporation, Inc. Income statement For the year ended December 31, 2021 net sales $240 Cost of goods sold $150 gross profit $90 Operating expenses $65 Net income $25 Using vertical analysis, what percentage is assigned to operating expenses? a. 27,1% b. 43.3% c. 72.2% d. 260.0%
Payton Company has the following segment revenues for the two most recent fiscal years. Segment China Canada Other countries Total revenues Segment Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. China Canada Other countries Current Year (in millions) $745 339 211 $1,295 Total revenues Payton Company Vertical Analysis Current Year Amount (in millions) $745 339 211 $1,295 Current Year Percent % Prior Year (in millions) $660 244 166 $1,070 % Prior Year Amount (in millions) $660 244 166 $1,070 Prior Year Percent % %
Vertical Analysis Income statement information for Ivanoff Corporation follows: Sales $472,000 Cost of goods sold 146,320 Gross profit 325,680 Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number. Ivanoff CorporationVertical Analysis of the Income Statement Amount Percentage Sales $472,000 fill in the blank 1% Cost of goods sold 146,320 fill in the blank 2% Gross profit $325,680 fill in the blank 3%
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Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment includes a number of businesses, examples of which are indicated in parentheses.

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