Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN: 9781285190907
Author: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher: Cengage Learning
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Question
Chapter 4, Problem 23PC
a.
To determine
Compute the
b.
To determine
Compute the
c.
To determine
Comment on the results obtained with respect to earnings per share, return on assets, and return on common equity.
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Projecting NOPAT and NOA Using Parsimonious Forecasting Method
Following are Logitech's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended March 31, 2019 ($ thousands).
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.
Financial information
Net sales
Net operating profit after tax (NOPAT)
Net operating assets (NOA)
$2,788,322
211,362
571,823
Use the parsimonious method to forecast Logitech's sales, NOPAT, and NOA for fiscal years ended March 31, 2020 through 2023 using the following assumptions.
Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to
adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with two decimal places_.
Note: When completing the question…
Projecting NOPAT and NOA Using Parsimonious Forecasting Method
Following are Logitech's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended March 31, 2019 ($ thousands).
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.
Financial information
Net sales
Net operating profit after tax (NOPAT)
Net operating assets (NOA)
$2,091,242
158,522
428,867
Use the parsimonious method to forecast Logitech's sales, NOPAT, and NOA for fiscal years ended March 31, 2020 through 2023 using the following assumptions.
Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into
the provided spaces below with two decimal places_.
Note: When completing the question…
A
Comparison of Firm Performance
1
2 2013 Financials
3
Net operating revenues
4 Cost of goods sold
5 Gross profit
6 Selling, general, and administrative expense
7 Other costs
8 Operating income
9
Interest expense
10 Other income (loss) - net
11 Income before income taxes
12 Income taxes
13 Net income
14 Assets
15 Cash and cash equivalents
16 Net receivables
17 Inventories
18 Prepaid expenses and other
19 Total current assets
20 Property, plant and equipment
21 Goodwill
22 Other assets
23 Total assets
24 Liabilities and Stockholder Equity
25 Accounts payable
26 Short-term debt
27 Total current liability
28 Long-term debt
29 Other liabilities
30 Total liabilities
31 Stockholder equity
32
B
Walmart
469,162
352,488
116,674
88,873
27,801
2,251
187
25,737
7,981
17,756
7,781
6,768
43,803
1,588
59,940
116,681
20,497
5,987
203,105
59,099
12,719
71,818
41,417
113,235
89,870
C
Macy's
27,931
16,725
11,206
8,440
88
2,678
388
(134)
2,156
767
1,389
1,836
371
5,308
361
7,876
8,196
3,743
1,176
20,991…
Chapter 4 Solutions
Financial Reporting, Financial Statement Analysis and Valuation
Ch. 4 - Common-Size Analysis. Common-size analysis is a...Ch. 4 - Earnings per Share. Firm A reports an increase in...Ch. 4 - Prob. 3QECh. 4 - Profit Margin for ROA versus ROCE. Describe the...Ch. 4 - Concept and Measurement of Financial Leverage....Ch. 4 - Advantages of Financial Leverage. A company...Ch. 4 - Prob. 7QECh. 4 - Nucor, a steel manufacturer, reported net income...Ch. 4 - Phillips-Van Heusen, an apparel manufacturer,...Ch. 4 - TJX, Inc., an apparel retailer, reported net...
Ch. 4 - Boston Scientific, a medical device manufacturer,...Ch. 4 - Valero Energy, a petroleum company, reported net...Ch. 4 - Exhibit 4.22 presents selected operating data for...Ch. 4 - Microsoft Corporation (Microsoft) and Oracle...Ch. 4 - Prob. 17PCCh. 4 - Prob. 18PCCh. 4 - Texas Instruments (TI) designs and manufactures...Ch. 4 - JCPenney operates a chain of retail department...Ch. 4 - Prob. 21PCCh. 4 - Selected data for General Mills for 2007, 2008,...Ch. 4 - Prob. 23PCCh. 4 - Hasbro is a leading firm in the toy, game, and...Ch. 4 - Fitch sells casual apparel and personal care...Ch. 4 - Prob. 26PCCh. 4 - Starwood Hotels (Starwood) owns and operates many...Ch. 4 - Select data for Avis and Hertz for 2012 follow....Ch. 4 - Integrative Case 1.1 introduced the industry...Ch. 4 - Prob. 1ABICCh. 4 - Prob. 1ACICCh. 4 - Prob. 1BAICCh. 4 - Prob. 1BBICCh. 4 - Walmart and Carrefour follow similar strategies....Ch. 4 - Walmart and Carrefour follow similar strategies....
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