Compute 2 years of the following ratios from the financial statements below:A. Profit margin ratioB. Return on total assetsC. Return on equityD. Basic earnings per shareE. Current ratioF. Debt ratioAdditional information: Total Assets as of Feb 1, 2020 ___________________$3,328,679 ($ in Thousands) Total Stockholders’ equity as of Feb 1, 2020 ________$1,247,853 ($ in Thousands) Consolidated Balance Sheets - USD ($)$ in ThousandsCurrent assets:Cash and cash equivalentsMerchandise inventoryAccounts receivable, netPrepaid expenses and otherTotal current assetsOperating lease right-of-use assetsProperty and equipment, at cost, net ofaccumulated depreciationGoodwill, netIntangible assets, netNon-current deferred income taxesOther assetsTotal assetsCurrent liabilities:Accounts payableCurrent portion of operating leaseliabilitiesAccrued compensation and payroll taxesUnredeemed gift cards and gift certificatesAccrued income and other taxesOther current liabilities and accruedexpensesTotal current liabilitiesNon-current liabilities:Non-current operating lease liabilitiesLong-term debt, netOther non-current liabilitiesTotal non-current liabilitiesCommitments and contingenciesStockholders' equity:Preferred stock, $0.01 par value; 5,000shares authorized; none issued andoutstandingCommon stock, $0.01 par value; 600,000shares authorized; 249,566 sharesissued; 168,699 and 166,335 sharesoutstanding, respectivelyContributed capitalAccumulated other comprehensive loss,net of taxRetained earningsTreasury stock, 80,867 and 83,231shares, respectively, at costTotal stockholders' equityTotal liabilities and stockholders' equityJan. 29, 2022S 434,770553,458286,683122,0131,396,9241,193,021728,272271,416102,70144,16750,1423,786,643231,782311,005141,81771,36516,27470,628842,8711,154,481341,00224,6171,520,1002,496636,355(40,845)2,203,772(1,378,106)1,423,672S 3,786,643Jan. 30, 2021S 850,477405,445146,102120,6191,522,6431,155,965623,80813,26757,06533,04529,0133,434,806255,912328,624142,27262,18114,15055,343858,4821,148,742325,29015,6271,489,6592,496663,718(40,748)1,868,613(1,407,414)1,086,665$3,434,806 Consolidated Statements ofOperations - USD ($)shares in Thousands, $ in ThousandsIncome Statement [Abstract]Total net revenueCost of sales, including certain buying,occupancy and warehousing expensesGross profitSelling, general and administrativeexpensesImpairment, restructuring and COVID-19related chargesDepreciation and amortization expenseOperating income (loss)Interest expense (income), netOther income, netincome (loss) before income taxesProvision (benefit) for income taxesNet income (loss)Basic net income (loss) per commonshDiluted net income (loss) per commonshareWeighted average common sharesoutstanding - basicWeighted average common sharesoutstanding-diluted[1][1]Jan. 29, 2022$ 5,010,7853,018,9951,991,7901,222,00011,944166,781591,06534,632(2,489)558,922139,293$ 419,629$2.50$ 2.03168,156206,52912 Months EndedJan. 30, 2021$ 3,759,1132,610,9661.148,147977,264279,826162,402(271.345)24,610(3,682)(292,273)(82,999)S (209,274)$ (1.26)$ (1.26)166,455166,455

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Compute 2 years of the following ratios from the financial statements below: A. Profit margin ratio B. Return on total assets C. Return on equity D. Basic earnings per share E. Current ratio F. Debt ratio Additional information: Total Assets as of Feb 1, 2020 ___________________$3,328,679 ($ in Thousands) Total Stockholders’ equity as of Feb 1, 2020 ________$1,247,853 ($ in Thousands

Compute 2 years of the following ratios from the financial statements below: A. Profit margin ratio B. Return on total assets C. Return on equity D. Basic earnings per share E. Current ratio F. Debt ratio Additional information: Total Assets as of Feb 1, 2020 ___________$3,328,679 ($ in Thousands) Total Stockholders’ equity as of Feb 1, 2020 $1,247,853 ($ in Thousands

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 9MC

See similar textbooks

Similar questions

The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:Dec. 31, 20Y9 Dec. 31, 20Y8AssetsCash $70,720 $47,940Accounts receivable (net) 207,230 188,190Inventories 298,520 289,850Investments 0 102,000Land 295,800 0Equipment 438,600 358,020Accumulated depreciation—equipment (99,110) (84,320)Total assets $1,211,760 $901,680Liabilities and Stockholders' EquityAccounts payable (merchandise creditors) $205,700 $194,140Accrued expenses payable (operating expenses) 30,600 26,860Dividends payable 25,500 20,400Common stock, $1 par 202,000 102,000Paid-in capital: Excess of issue price over par—common stock 354,000 204,000Retained earnings 393,960 354,280Total liabilities and stockholders' equity $1,211,760 $901,680The income statement for the year ended December 31, 20Y9, is as follows:Sales $2,023,898Cost of goods sold 1,245,476Gross profit $778,422Operating expenses:Depreciation expense $14,790Other operating expenses 517,299Total operating expenses 532,089Operating…
Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment? what is the inventory amount and property& equipment amount?
The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:Dec 31 20Y9 Dec 31 20Y8ASSETSCash $ 70,720 $ 47,940Accounts Receivable 207,230 188,190Inventories 298,520 289,850Investments - 102,000Land 295,800 -Equipment 438,600 358,020Accumulated Depreciation-Equipment (99,110) (84,320)Total Assets $ 1,211,760 $ 901,680LIABILITIES AND STOCKHOLDERS' EQUITYAccounts Payable $ 205,700 $ 194,140Accrued Expenses Payable (operating expenses) 30,600 26,860Dividends Payable 25,500 20,400Common Stock, $1 par 202,000 102,000Paid-in Capital; Excess of issue price over par-common stock 354,000 204,000Retained Earnings 393,960 354,280Total Liabilities and Stockholders Equity: $ 1,211,760 $ 901,680Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:A. Equipment and land were acquired for cashB. There were no disposals of equipment during the year.C. The investments were sold for $91,800 cash.D. The common stock was…
need formula for cost of goods sold CURRENT ASSETS Cash and cash equivalents $ 607,987 $ 480,626 Accounts receivable, net 104,500 80,545 Inventory 26,445 26,096 Prepaid expenses and other current assets 54,906 57,076 Income tax receivable 282,783 27,705 Investments 343,616 400,156 Total current assets 1,420,237 1,072,204 Leasehold improvements, property and equipment, net 1,584,311 1,458,690 Long term investments 102,328 0 Restricted cash 27,849 27,855 Operating lease assets 2,767,185 2,505,466 Other assets 59,047 18,450 Goodwill 21,939 21,939 Total assets 5,982,896 5,104,604 Current liabilities: Accounts payable 121,990 115,816 Accrued payroll and benefits 203,054 126,600 Accrued liabilities 164,649 155,843 Unearned revenue 127,750 95,195 Current operating lease liabilities 204,756 173,139 Total current liabilities 822,199 666,593 Commitments and contingencies (Note 12) Long-term operating lease liabilities 2,952,296…
Noncurrent Asset Held for Sale The statement of financial position of an entity on December 31, 20x1 shows the following information: Cash and cash equivalents 600,000 Trade and other receivables 1,200,000 Inventories 3,600,000 Investment property (Cost model) 1,400,000 Investment in associate 800,000 Property, plant and equipment 5,000,000 Total assets 12,600,000 Trade and other payables 4,900,000 Current tax payable 1,800,000 Deferred tax liability 700,000 Ordinary share capital 2,000,000 Retained earnings 2,700,000 Other components of equity 500,000 Total liabilities & equity 12,600,000 On December 31, 20x1, the entity commits to a plan to sell the investment property. All conditions of PFRS 5 are met. The fair value of the investment property on this date is P1,600,000 while the estimate of costs to sell is P50,000. Explain why is it considered as a noncurrent asset held for sale. And what should be the journal entry
SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…
Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions. 1. What are Hershey's sales (in millions)? 2. What is Hershey's cost of sales (in millions)? 3. What is Hershey's net income (in millions)? 4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place. 5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place. 6. What is the percentage of net income to sales for Hershey? Round to one decimal place. 7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.
Classified Balance Sheet: Identify each of the following elements as a Current Asset (CA), Property, Plant & Equipment (PPE), Current Liability (CL), or Long-Term Liability (LTL) Cash ________ Sales Tax Payable ________ Machinery ________ Note Payable (due in 2029) ________ Accumulated Depreciation ________ Salaries Payable ________
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKING
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC
The statement of financial position and profit or loss of an entity on December 31, 20x1 shows the following information: Cash and cash equivalents 1,500,000Trade and other receivables 3,000,000 Inventories 9,000,000Investment property (Cost model) 3,500,000Investment in associate 2,000,000Property, plant and equipment 12,500,000Total assets 31,500,000 Trade and other payables 12,250,000Current tax payable 4,500,000Deferred tax liability 1,750,000Ordinary share capital 5,000,000Retained earnings 6,750,000Other components of equity 1,250,000Total liabilities & equity 31,500,000Revenue 5,600,000Cost of sales (2,000,000)Gross profit 3,600,000Distribution of cost (780,000)Administrative expenses (900,000) Impairment loss (reversal) on assets held for saleFinance costs (300,000)Share of profit of associates 240,000Profit for the period from continuing operations 1,860,000 Discontinued Operations:Profit for the period from discontinued operations…
ASSET EXPENSES LIABILITIES CAPITAL REVENUES (i) 67,500 85,700 50,500 53,700 49,000 (ii) 92,000 7,000 8,000 21,000 70,000 (iii) 112,000 85,000 200 171,000 25,800 (iv) 7,900 2,250 3,200 2,750 4,200 (v) 32,500 6,600 7,200 26,200 5,700 a) State the journal entries using the format given as in the picure