FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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5
6
UBERCRUMMIE & FRITCH CO.
Formulas/Links
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Trend Analysis
Common-Size Analysis
2021
(Percent of Net Sales)
Trend Analysis
8
(In millions, except share and per share amounts)
2019-2020
2020-2021
$ Change
n/a
n/a
n/a
2020
Fiscal Years Ended December 31,
2020-2021
2019-2020
9
% Change
%$ Change
% Chang
2021
2020
$ Change
% Change
$ Change
% Change
2019
n/a
n/a
n/a
n/a
n/a
n/a
10
n/a
n/a
n/a
11
Net sales
5,500
4,240
$4
5,830
12
Cost of Goods Sold
3,680
2,997
3,680
n/a
n/a
n/a
n/a
n/a
n/a
n/a
13
GROSS PROFIT
n/a
n/a
n/a
14
Stores and Distribution Expense
1,100
742
990
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
318
550
Selling, General and Administrative Expense
Other Operating Expense (Income), Net
15
440
n/a
n/a
n/a
n/a
n/a
n/a
n/a
11
21
33
n/a
n/a
n/a
16
17
OPERATING INCOME
(2)
Interest Income (Expense)
OPERATING INCOME BEFORE TAXES
18
(1)
(4)
19
n/a
n/a
110
74
220
Income Tax Expense
NET INCOME
20
n/a
n/a
21
22
EARNINGS PER SHARE
23
Calculate the following for:
Gross Profit Margin (percentage)
Net Profit Margin (percentage)
Formulas/Links:
n/a
n/a
2021
2020
24
n/a
n/a
25
26
27
28
Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
29
30
31
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Transcribed Image Text:5 6 UBERCRUMMIE & FRITCH CO. Formulas/Links CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Common-Size Analysis 2021 (Percent of Net Sales) Trend Analysis 8 (In millions, except share and per share amounts) 2019-2020 2020-2021 $ Change n/a n/a n/a 2020 Fiscal Years Ended December 31, 2020-2021 2019-2020 9 % Change %$ Change % Chang 2021 2020 $ Change % Change $ Change % Change 2019 n/a n/a n/a n/a n/a n/a 10 n/a n/a n/a 11 Net sales 5,500 4,240 $4 5,830 12 Cost of Goods Sold 3,680 2,997 3,680 n/a n/a n/a n/a n/a n/a n/a 13 GROSS PROFIT n/a n/a n/a 14 Stores and Distribution Expense 1,100 742 990 n/a n/a n/a n/a n/a n/a n/a n/a 318 550 Selling, General and Administrative Expense Other Operating Expense (Income), Net 15 440 n/a n/a n/a n/a n/a n/a n/a 11 21 33 n/a n/a n/a 16 17 OPERATING INCOME (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 18 (1) (4) 19 n/a n/a 110 74 220 Income Tax Expense NET INCOME 20 n/a n/a 21 22 EARNINGS PER SHARE 23 Calculate the following for: Gross Profit Margin (percentage) Net Profit Margin (percentage) Formulas/Links: n/a n/a 2021 2020 24 n/a n/a 25 26 27 28 Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021: 29 30 31
Nathan Jackson
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M3 P (2)
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5 Autosum - Ay O
Home
Insert Draw
X cut
- 11 - A A
8 Wrap Text
Percentage
E Fill
Calibri
Sort & Find &
Analyze
Conditional Format as
Formatting Table Styles
Cell
Insert Delete Format
$ - % > 8 48
Filter Select
Data
LG Copy
E Merge & Center
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BIUv
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Analyuis
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P
R.
K.
D
E
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A
Formulas/Links
Trend Analysis
2020-2021
UBERCRUMMIE & FRITCH CO.
Common-Size Analysis
2020
(Percent of Total Assets)
n/a
CONSOLIDATED BALANCE SHEETS
Common-Size Analysis
December 31,
Trend Analysis
2021
(In millions, except par value amounts)
ASSETS
2021
2020
2021
2020
2020-2021
$ Change
n/a
n/a
% Change
n/a
n/a
$ Change
(Percent of Total Assets)
% Change
n/a
CURRENT ASSETS:
575
318
n/a
n/a
Cash and Equivalents
Marketable Securities
22
42
n/a
n/a
n/a
n/a
220
424
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Receivables
660
848
n/a
n/a
Inventories
424
n/a
n/a
n/a
n/a
550
n/a
Other Current Assets
TOTAL CURRENT ASSETS
n/a
n/a
2,750
3,080
n/a
n/a
n/a
PROPERTY AND EQUIPMENT, NET
n/a
2,845
2,651
n/a
OTHER ASSETS
n/a
5,595
5,731
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
n/a
n/a
n/a
CURRENT LIABILITIES:
Accounts Payable
Other Liabilities and Accrued Expenses
Income Taxes Payable
n/a
n/a
n/a
n/a
n/a
770
848
n/a
n/a
n/a
n/a
220
318
n/a
n/a
n/a
33
11
n/a
TOTAL CURRENT LIABILITIES
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
NONCURRENT LIABILITIES:
2,200
1,760
Long-Term Debt
Other Liabilities
110
424
TOTAL NONCURRENT LIABILITIES
STOCKHOLDERS' EQUITY:
Class A Common Stock, $0.01 par value: 150,000
shares authorized and 103,300 shares issued
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
n/a
n/a
0.00%
n/a
n/a
n/a
n/a
n/a
n/a
893
900
/a
n/a
n/a
n/a
n/a
2.200
2,200
n/a
n/a
n/a
3.
(6)
|画 ■ 四
Instructions Income Statements Balance Sheets
dy Accessibility Investigate
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Transcribed Image Text:Nathan Jackson P Search (Alt+ Q) AutoSave Oon H M3 P (2) Page Layout Formulas Data Review View Help 5 Autosum - Ay O Home Insert Draw X cut - 11 - A A 8 Wrap Text Percentage E Fill Calibri Sort & Find & Analyze Conditional Format as Formatting Table Styles Cell Insert Delete Format $ - % > 8 48 Filter Select Data LG Copy E Merge & Center O Clear Paste BIUv S Format Painter Celis Editing Analyuis Number Styles Alignment Font Cipboard P R. K. D E F G H A Formulas/Links Trend Analysis 2020-2021 UBERCRUMMIE & FRITCH CO. Common-Size Analysis 2020 (Percent of Total Assets) n/a CONSOLIDATED BALANCE SHEETS Common-Size Analysis December 31, Trend Analysis 2021 (In millions, except par value amounts) ASSETS 2021 2020 2021 2020 2020-2021 $ Change n/a n/a % Change n/a n/a $ Change (Percent of Total Assets) % Change n/a CURRENT ASSETS: 575 318 n/a n/a Cash and Equivalents Marketable Securities 22 42 n/a n/a n/a n/a 220 424 n/a n/a n/a n/a n/a n/a n/a n/a n/a Receivables 660 848 n/a n/a Inventories 424 n/a n/a n/a n/a 550 n/a Other Current Assets TOTAL CURRENT ASSETS n/a n/a 2,750 3,080 n/a n/a n/a PROPERTY AND EQUIPMENT, NET n/a 2,845 2,651 n/a OTHER ASSETS n/a 5,595 5,731 TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY n/a n/a n/a CURRENT LIABILITIES: Accounts Payable Other Liabilities and Accrued Expenses Income Taxes Payable n/a n/a n/a n/a n/a 770 848 n/a n/a n/a n/a 220 318 n/a n/a n/a 33 11 n/a TOTAL CURRENT LIABILITIES n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a NONCURRENT LIABILITIES: 2,200 1,760 Long-Term Debt Other Liabilities 110 424 TOTAL NONCURRENT LIABILITIES STOCKHOLDERS' EQUITY: Class A Common Stock, $0.01 par value: 150,000 shares authorized and 103,300 shares issued Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) n/a n/a 0.00% n/a n/a n/a n/a n/a n/a 893 900 /a n/a n/a n/a n/a 2.200 2,200 n/a n/a n/a 3. (6) |画 ■ 四 Instructions Income Statements Balance Sheets dy Accessibility Investigate delete home - # & backspace 3. 6 7. 6. { / W/ E R Y U P erte S D G H J K L prt sc /x/CV B NM
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