Classifying Statements As Items in the Form 10-K The following disclosures are included in the recent fiscal year Form 10-K of United Natural Foods Inc. For each disclosure 1 through 5, indicate the Item number of the Form 10-K where the disclosure would be included or incorporated by reference. 1. Steven L. Spinner (President and CEO) current fiscal year base salary, $1,200,000 2. Independent retailers net sales increased primarily due to $971 million of an incremental 12 weeks of net sales from the acquired Supervalu business, which was partially offset by the estimated impact from the 53rd week in the prior fiscal year, of $120 million 3. Basic earnings per share is calculated by dividing net income doss) by the weighted average number of common shares outstanding during the period. 4. Eric F. Artz has served as a member of the Board since October of four years ago. ÷ 5. We expect to continue to replenish operating assets and pay down debt obligations with internally generated funds and sale of surplus and/or non-core assets.

Classifying Statements As Items in the Form 10-K The following disclosures are included in the recent fiscal year Form 10-K of United Natural Foods Inc. For each disclosure 1 through 5, indicate the Item number of the Form 10-K where the disclosure would be included or incorporated by reference. 1. Steven L. Spinner (President and CEO) current fiscal year base salary, $1,200,000 2. Independent retailers net sales increased primarily due to $971 million of an incremental 12 weeks of net sales from the acquired Supervalu business, which was partially offset by the estimated impact from the 53rd week in the prior fiscal year, of $120 million 3. Basic earnings per share is calculated by dividing net income doss) by the weighted average number of common shares outstanding during the period. 4. Eric F. Artz has served as a member of the Board since October of four years ago. ÷ 5. We expect to continue to replenish operating assets and pay down debt obligations with internally generated funds and sale of surplus and/or non-core assets.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...

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The general merchandise retail industry has a number of segments represented by the following companies: For a recent year, the following cost of goods sold and beginning and ending inventories are provided from corporate annual reports (in millions) for these three companies: a. Determine the inventory turnover ratio for all three companies. Round all calculations to one decimal place. b. Determine the number of days sales in inventory for all three companies. Use 365 days and round all calculations to one decimal place. c. Interpret these results based on each companys merchandising concept.
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Shaquille Corporation began the current year with inventory of 50,000. During the year, its purchases totaled 110,000. Shaquille paid freight charges of 8,500 for those purchases. At the end of the year, Shaquille had inventory of 47,800. Prepare a schedule to determine Shaquille's cost of goods sold for the current year.
Scherer Company provided the following income statements for its first 3 years of operation: Refer to the information for Scherer Company on the previous page. Required: Prepare common-size income statements by using net sales as the base. (Note: Round answers to the nearest whole percentage.)
Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)