The comparative segment revenues for Yum! Brands, a global quick-serve restaurantcompany, are as follows:Recent YearPrior Year(in millions)(in millions)$ 6,909$ 6,934ChinaKFC2,9483,193Pizza Hut1,1451,148Taco Bell1,8631,988India115141Total$13,105$13,279a. Provide a horizontal analysis of the segment revenues using the prior year as the baseyear. Round whole percents to one decimal place.b. Provide a vertical analysis of the segment revenues for both years. Round whole percentsto one decimal place.c. What conclusions can be drawn from your analyses?

a. The horizontal analysis of the revenue earned from different brand restaurant is as follows:

Answered: The comparative segment revenues for…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 27E

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Starship Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: Recent Year(in millions, rounded) Prior Year(in millions, rounded) Americas $10,479 $8,073 EMEA* 1,217 1,295 China/Asia Pacific 2,396 1,130 Channel Development** 1,731 1,546 Other 2,236 1,695 Total $18,059 $13,739 *Europe, Middle East, and Africa **Sells packaged coffee and teas globally a. Prepare a horizontal analysis of the segment data using the prior year as the base year. Round all percents to one decimal place. Enter all amounts in millions. If required, use minus sign to indicate the decreasing values. Starship Corporation Horizontal Analysis Recent Year (in millions) Prior Year (in millions) Increase (Decrease)Amount Increase (Decrease)Percent Americas $10,479 $8,073 $fill in the blank 15396ff9101df9f_1 fill in the blank 15396ff9101df9f_2% EMEA 1,217 1,295 fill in the blank 15396ff9101df9f_3 fill…
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $ 2,920,000 $2,150,000 Cost of goods sold 1,769,520 1,182,500 Selling expenses 332,880 322,500 Administrative expenses 449,680 279,500 Income tax expense 169,360 116,100 A. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round your percentages answers to one decimal place. Enter all amounts as positive numbers. B. Comment on the significant changes disclosed by the comparative income statement. Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 1 Current year Current year Previous year Previous year 2 Amount Percent Amount Percent 3 Sales $2,920,000.00 $2,150,000.00 4 Cost of goods sold 1,769,520.00 1,182,500.00 5 Gross profit $1,150,480.00…
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $ 2,720,000 $2,050,000 Cost of goods sold 1,675,520 1,111,100 Selling expenses 320,960 319,800 Administrative expenses 424,320 262,400 Income tax expense 152,320 118,900 A. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round your percentages answers to one decimal place. Enter all amounts as positive numbers. B. Comment on the significant changes disclosed by the comparative income statement.
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $488,000 $415,000 Cost of goods sold 312,320 232,400 Selling expenses 68,320 74,700 Administrative expenses 78,080 62,250 Income tax expense 9,760 16,600 a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.
A company's sales in the last year in its three different markets were as follows$Market 1 100,000Market 2 149,000Market 3 51,000Total 300,000In a pie chart representing the proportion of sales made by each region what would be the angle of thesection representing Market 3?A 17 degreesB 50 degreesC 61 degreesD 120 degrees
Vertical analysis income statement Revenue expense data for Innovation quarter Inc for two recent years as follows. Sales Cost of goods. Selling expenses Administrative expenses Income tax expense Current year. 4,000,000 2,280,000 600,000 520,000 240,000 Previous year 3,600,000 1,872,000 648,000 360,000 216,000 A. Prepare an income statement in comparative form, stating to each item for both of years as a percent of sales. Round to the nearest whole percentage. Innovation quarter Inc comparative income tax for the years ended December 31st Sales Cost of goods Selling expenses Administrative expenses Income tax expense $ % $ % $ % $ % $ % $ % $ % $ % B. The vertical analysis indicates that the cost of the goods sold as a percent of sales by 5 percentage points, while selling expenses by 3% percentage and administrative expenses by 3% percentage points. Thus net income as…
Payton Company has the following segment revenues for the two most recent fiscal years. Segment Current Year (in millions) Prior Year (in millions) China $790 $640 Canada 330 242 Other countries 213 167 Total revenues $1,333 $1,049 Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. For percentages, do not enter the percent sign. Payton Company Vertical Analysis Segment Current Year Amount (in millions) Current Year Percent Prior Year Amount (in millions) Prior Year Percent China $790 % $640 % Canada 330 242 Other countries 213 167 Total revenues $1333 % $1049 %
Papa’s Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following selected financial data ($ in thousands): Papa’s Pizza Pizza PrinceNet sales $ 24,128 $ 1,835Net income 2,223 129Total assets, beginning 14,998 919Total assets, ending 15,465 1,157Required:1. Calculate the return on assets, profit margin, and asset turnover ratio for Papa’s Pizza.2. Calculate the return on assets, profit margin, and asset turnover ratio for Pizza Prince.3. Which company has the higher profit margin and which company has the higher asset turnover?
Jill Barksalot owns Jill's Jams, a condiment conglomerate focused on world dominance. She sells a variety of jellies and jams that are just to die for mwhahaha. Using the provided data on her last several years of sales, prepare a statement of trend percentages using 2017 as the base year. (in millions) 2017 2018 2019 2020 Sales 13,241 14,122 11,957 13,244 Cost of goods sold 8,987 9,534 8,272 9,101 Gross margin 4,254 4,588 3,685 4,143 2017 2018 2019 2020 Sales Cost of Goods Sold Gross Margin
Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $4,000,000 $3,600,000 Cost of goods sold 2,280,000 1,872,000 Selling expenses 600,000 648,000 Administrative expenses 520,000 360,000 Income tax expense 240,000 216,000 a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage. Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current yearAmount Current yearPercent Previous yearAmount Previous yearPercent Sales $4,000,000 % $3,600,000 % Cost of goods sold (2,280,000) % (1,872,000) % $ % $ % Selling expenses $(600,000) % $(648,000) % Administrative expenses (520,000) % (360,000) % $ % $ % $ % $ % Income tax expense (240,000) % (216,000) % $ % $ % b.…
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous YearSales $4,000,000 $3,600,000Cost of goods sold 2,280,000 1,872,000Selling expenses 600,000 648,000Administrative expenses 520,000 360,000Income tax expense 240,000 216,000a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage.b. Comment on the significant changes disclosed by the comparative income statement.

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