Liquidity RatioCurrent RatioQuick RatioLeverage RatioDebt to Total Assets RatioDebt Equity RatioLong-Term Debt to EquityTimes Interest Earned RatioActivity RatiosInventory TurnoverFixed Assets TurnoverTotal Assets TurnoverAccounts Receivable TurnoverAverage Collection PeriodProfitability RatiosGross Profit MarginOperating Profit MarginNet Profit MarginReturn on Total Assets (ROA)Return on Stockholder's Equity (ROE)Earnings Per Share (EPS)Price Earnings RatioPlease provide the numbers for the ratios. CONSOLIDATED STATEMENTS OF OPERATIONSAs of February 27, 2021, February 29, 2020, and March 2, 2019(In thousands, except per share amounts)Year EndedFebruary 27,February 29,2020 (52$ 24,043,240 $ 21,928,393 $ 21,639,557March 2, 20192021 (52(52 Weeks)RevenuesCosts and expenses:Cost of revenues19,338,91817,201,63516,963,205Selling, general and administrative expenses4,657,1854,587,3364,592,375Lease termination and impairment charges58,40342,843107,994Goodwill and intangible asset impairment29,852375,190229,657Interest expense(Gain) loss on debt modifications and201,388227,728(5,274)(55,692)554(Gain) loss on sale of assets, net(69,300)4,226(38,012)Gain on Bartell acquisition(47,705)24,163,46722,010,00522,229,034Loss from continuing operations before(120,227)(81,612)(589,477)income taxesIncome tax (benefit) expense(20,157)387,60777,477Net loss from continuing operationsNet income from discontinued operations,(100,070)(469,219)(666,954)9,16117,045244,741net of taxNet loss-90,909 $-452,174 $-422,213Computation of (loss) income attributable tocommon stockholders:Loss from continuing operations-100,070 $-469,219 $-666,954attributable to commonIncome from discontinued operationsattributable to common9,16117,045244,741stockholders-basic and dilutedLoss attributable to common-90,909.00 $ -452,174.00 $ -422,213.00stockholders-basic and dilutedBasic and diluted (loss) income per share:-1.87 $0.18 $Continuing operations-8.82-12.62Discontinued operations0.324.63Net basic and diluted loss per share-1.69 $-8.50 $-7.99 Rite Aid Corporation and SubsidiariesConsolidated Balance SheetsAs of February 27, 2021, February 29, 2020, and March 2, 2019(In thousands, except per share amounts)Year EndedFebruary 27, February 29,ASSETSMarch 2, 201920212020Current assets:$ 160,902S218,180 S144,353Cash and cash equivalentsAccounts receivable, netInventories, netPrepaid expenses and other current assets1,462,4411,286,7851,788,7121,864, 8901,921,6041,871,941105,941181,794179,13292,278117,5814,101,7191,308,514Total current assets3,595,1743,700,641Property, plant and equipment, netOperating lease right-of-use assetsGoodwill1,080,4991,215,8383,064,0772,903,2561,108,1361,108,1361,108,136Other intangibles, netDeferred tax assets340,519359,491448, 70614,96416,680409,084Other assets148,327$ 9,335,404 $ 9,452,369 $ 7,591,367132,035215,208Total assetsLIABILITIES AND STOCKHOLDER'S EQUIDYCurrent liabilities:Current maturities of long-term debt and lease financingobligationsAccounts payableAccrued salaries, wages and other current liabilitiesCurrent portion of operating lease liabilities6,409 $1,437,4218,840 S16,1111,484,0811,618,585642,364746,318BOB,439516,752490,161Current liabilities held for sale37,063Total current liabilities2,602,9452,766,4532,443,135Long-term debt, leses current maturitiesLong-term operating lease liabilitiesLease financing obligations, less current maturitiesother noncurrent liabilitiesTotal noncurrent liabilities3,063,0873,077,2683,454,5852,829,2932,710,34716,71119,32624,064208,213204,438482,6938,720,2508,777,8426,404,677Commitments and contingenciesStockholder's equity:Common stock, par value $1 per share; 75,000 sharesauthorized; shares issed and outstanding 55,143, 54,716 and55,14354,71654,016Additional peid-in capital5,876,977(4,713,244)5,897,1685,890,903Accumulated deficit(5,313,103)(5,222,194)Accumulated other coprehensive lossTotal stockholders' equityTotal liabilities and stockholders' equity(48,898)674,527$ 9,335,404 $ 9,452,369 S 7,591,367(24,054)615,154(31,059)1,185,690

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

CONSOLIDATED STATEMENTS OF OPERATIONS As of February 27, 2021, February 29, 2020, and March 2, 2019 (In thousands, except per share amounts) Year Ended February 29, 2020 (52 $ 24,043,240 Ş 21,928,393 $ 21,639,557 February 27, March 2, 2019 2021 (52 (52 Weeks) Revenues Costs and expenses: Cost of revenues 19,338,918 17,201,635 16,963,205 Selling, general and administrative expenses Lease termination and impairment charges Goodwill and intangible asset impairment 4,657,185 4,587,336 4,592,375 58,403 42,843 107,994 29,852 375,190 227,728 Interest expense 201,388 229,657 (Gain) loss on debt modifications and (Gain) loss on sale of assets, net Gain on Bartell acquisition (5,274) (69,300) (55,692) 554 4,226 (38,012) (47,705) 24,163,467 22,010,005 22,229,034 Loss from continuing operations before (120,227) (81,612) (589,477) income taxes Income tax (benefit) expense Net loss from continuing operations Net income from discontinued operations, (20,157) (100,070) 387,607 77,477 (469,219) (666,954) 9,161 17,045 244,741 net of tax Net loss -90,909 $ -452,174 $ -422,213 Computation of (loss) income attributable to common stockholders: Loss from continuing operations $ -100,070 $ -469,219 $ -666,954 attributable to common Income from discontinued operations attributable to common 9,161 17,045 244,741 stockholders-basic and diluted Loss attributable to common $ - 90,909.00 -452,174.00 $ -422,213.00 stockholders-basic and diluted Basic and diluted (loss) income per share: Continuing operations -1.87 $ -8.82 $ -12.62 Discontinued operations 0.18 $ 0.32 $ 4.63 Net basic and diluted loss per share -1.69 $ -8.50 $ -7.99 %24

3rd Edition

ISBN:9781337788281

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

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

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2P