UBERCRUMMIE & FRITCH CO. Formulas/Links: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Trend Analysis Common-Size Analysis (In millions, except share and per share amounts) 2019-2020 % Chang n/a n/a n/a 8. 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, 2019 2020-2021 S Change S Change %Change $Change % Change S Change % Change (Percent of Net Sales) 2021 2020 n/a n/a 10 n/a n/a r/a n/a 11 Net sales 5,500 4,240 5,830 /a n/a n/a n/a 12 Cost of Goods Sold 3,680 2,997 3,680 n/a GROSS PROFIT n/a n/a n/a n/a n/a /a n/a n/a n/a n/a n/a 13 n/a Stores and Distribution Expense 1,100 742 990 n/a n/a n/a n/a n/a n/a 14 Selling. General and Administrative Expense Other Operating Expense (Income), Net OPERATING INCOME 440 318 550 15 16 n/a n/a r/a /a n/a n/a 11 21 33 n/a n/a n/a n/a n/a 17 (2) 18 19 Interest Income (Expense) (1) (4) OPERATING INCOME BEFORE TAXES 20 Income Tax Expense 110 74 220 n/a 21 NET INCOME 22 EARNINGS PER SHARE 23 Calculate the following for: Gross Profit Margin (percentage) Net Profit Margin (percentoge) Formulas/Links: n/a 24 2021 2020 n/a 25 n/a n/a 26 27 28 Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021: 29 30 31
UBERCRUMMIE & FRITCH CO. Formulas/Links: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Trend Analysis Common-Size Analysis (In millions, except share and per share amounts) 2019-2020 % Chang n/a n/a n/a 8. 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, 2019 2020-2021 S Change S Change %Change $Change % Change S Change % Change (Percent of Net Sales) 2021 2020 n/a n/a 10 n/a n/a r/a n/a 11 Net sales 5,500 4,240 5,830 /a n/a n/a n/a 12 Cost of Goods Sold 3,680 2,997 3,680 n/a GROSS PROFIT n/a n/a n/a n/a n/a /a n/a n/a n/a n/a n/a 13 n/a Stores and Distribution Expense 1,100 742 990 n/a n/a n/a n/a n/a n/a 14 Selling. General and Administrative Expense Other Operating Expense (Income), Net OPERATING INCOME 440 318 550 15 16 n/a n/a r/a /a n/a n/a 11 21 33 n/a n/a n/a n/a n/a 17 (2) 18 19 Interest Income (Expense) (1) (4) OPERATING INCOME BEFORE TAXES 20 Income Tax Expense 110 74 220 n/a 21 NET INCOME 22 EARNINGS PER SHARE 23 Calculate the following for: Gross Profit Margin (percentage) Net Profit Margin (percentoge) Formulas/Links: n/a 24 2021 2020 n/a 25 n/a n/a 26 27 28 Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021: 29 30 31
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.2C
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UBERCRUMMIE & FRITCH CO.
Formulas/Links
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Trend Analysis
Common-Size Analysis
2021
(Percent of Net Sales)
Trend Analysis
8
(In millions, except share and per share amounts)
2019-2020
2020-2021
$ Change
n/a
n/a
n/a
2020
Fiscal Years Ended December 31,
2020-2021
2019-2020
9
% Change
%$ Change
% Chang
2021
2020
$ Change
% Change
$ Change
% Change
2019
n/a
n/a
n/a
n/a
n/a
n/a
10
n/a
n/a
n/a
11
Net sales
5,500
4,240
$4
5,830
12
Cost of Goods Sold
3,680
2,997
3,680
n/a
n/a
n/a
n/a
n/a
n/a
n/a
13
GROSS PROFIT
n/a
n/a
n/a
14
Stores and Distribution Expense
1,100
742
990
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
318
550
Selling, General and Administrative Expense
Other Operating Expense (Income), Net
15
440
n/a
n/a
n/a
n/a
n/a
n/a
n/a
11
21
33
n/a
n/a
n/a
16
17
OPERATING INCOME
(2)
Interest Income (Expense)
OPERATING INCOME BEFORE TAXES
18
(1)
(4)
19
n/a
n/a
110
74
220
Income Tax Expense
NET INCOME
20
n/a
n/a
21
22
EARNINGS PER SHARE
23
Calculate the following for:
Gross Profit Margin (percentage)
Net Profit Margin (percentage)
Formulas/Links:
n/a
n/a
2021
2020
24
n/a
n/a
25
26
27
28
Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:
29
30
31
Transcribed Image Text:Nathan Jackson
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Formulas/Links
Trend Analysis
2020-2021
UBERCRUMMIE & FRITCH CO.
Common-Size Analysis
2020
(Percent of Total Assets)
n/a
CONSOLIDATED BALANCE SHEETS
Common-Size Analysis
December 31,
Trend Analysis
2021
(In millions, except par value amounts)
ASSETS
2021
2020
2021
2020
2020-2021
$ Change
n/a
n/a
% Change
n/a
n/a
$ Change
(Percent of Total Assets)
% Change
n/a
CURRENT ASSETS:
575
318
n/a
n/a
Cash and Equivalents
Marketable Securities
22
42
n/a
n/a
n/a
n/a
220
424
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Receivables
660
848
n/a
n/a
Inventories
424
n/a
n/a
n/a
n/a
550
n/a
Other Current Assets
TOTAL CURRENT ASSETS
n/a
n/a
2,750
3,080
n/a
n/a
n/a
PROPERTY AND EQUIPMENT, NET
n/a
2,845
2,651
n/a
OTHER ASSETS
n/a
5,595
5,731
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
n/a
n/a
n/a
CURRENT LIABILITIES:
Accounts Payable
Other Liabilities and Accrued Expenses
Income Taxes Payable
n/a
n/a
n/a
n/a
n/a
770
848
n/a
n/a
n/a
n/a
220
318
n/a
n/a
n/a
33
11
n/a
TOTAL CURRENT LIABILITIES
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
NONCURRENT LIABILITIES:
2,200
1,760
Long-Term Debt
Other Liabilities
110
424
TOTAL NONCURRENT LIABILITIES
STOCKHOLDERS' EQUITY:
Class A Common Stock, $0.01 par value: 150,000
shares authorized and 103,300 shares issued
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
n/a
n/a
0.00%
n/a
n/a
n/a
n/a
n/a
n/a
893
900
/a
n/a
n/a
n/a
n/a
2.200
2,200
n/a
n/a
n/a
3.
(6)
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