Homework Help is Here – Start Your Trial Now!
Business
Accounting
Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.

Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.

Managerial Accounting: The Cornerstone of Business Decision-Making
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 56P: The following selected information is taken from the financial statements of Arnn Company for its...
See similar textbooks
icon
Related questions
Question
Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.
Transcribed Image Text:Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS