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A Project Analysis Of My Favorite Women Clothing Stores

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Project Analysis This is a project analysis of my favorite women clothing stores; New York and Company, Ann, Inc. and Express, Inc. The different inventories methods used by companies are LIFO, FIFO, and weighted-average. The accounting method used by these three companies and most retail industries is weighted average. This means that the company determines average cost for the units on hand and applies that average unit cost to the next sale to determine the cost of goods sold. (Ann Inc. Annual Report , 2015). Depreciation and amortization are computed on a straight line basis for all three companies. (Ann Inc. Annual Report , 2015), (Express, Inc. Annual Report, 2015), (New York and Company Annual Report, 2015). Ann, Inc. PPE useful life of buildings is up to 40 years, Leasehold Improvements is 10 years or shorter, furniture/fixtures is 2-10 years, and software is 5 years. (Ann Inc. Annual Report , 2015). Express, Inc. PPE useful life of buildings is 6-30 years, leasehold improvements is no longer than 15 years, furniture/fixtures is 5-7 years and software is 3-7 years. (Express, Inc. Annual Report, 2015). New York and Company PPE useful life for land, fixtures, and equipment is 3-10 years, office equipment is 3-15 years, and software is 5 years. (New York and Company Annual Report, 2015). In reference to comparing the earnings trends for all three companies, Express, Inc. seemed to generate the most stable income. I used the profit margin ratio to make

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