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Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.26EX: Comprehensive Income Anson Industries, Inc. reported the following information on its 20Y1 income...
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3. Using the data provided in Table 1, prepare common size income statements using

revenues and cost-of-goods-sold in the original S-1 and amended S-1. Analyze trends of

expenses as a percentage of revenue for 2009 and 2010. Compare and contrast the

following ratios:

a. Gross Margin Percentage;

b. Asset Turnover Ratio.

TABLE 1 Abridged Income Statements for Groupon 2009 2010 Income Statement Account Gross Net Gross Net Revenue $30.4 M $14.5 M $713.4 M $312.9 M Cost of Sales 19.5 M 4.4 M 433.4 M 32.5 M 280.0 M Gross Margin Marketing Expense General and Admin. Expense Other Expenses 10.9 M 10.1 M 280.4 M 4.6 M 4.9 M 263.2 M 284.3 M 7.5 M 6.4 M 233.9 M 213.3 M 203.2 M 203.2 M Net Loss 1.34 M 1.09 M 413.4 M 420.1 M Net Loss to common sharcholders 6.92 M 6.92 M 456.3 M 456.3 M EPS (Basic) (0.04) (0.04) (2.66) (2.66) This information was obtained from Groupon's S-1 filing with the SEC on June 2, 2011, and the amended filing (Amendment No. 4) on October 7, 2011.
Transcribed Image Text:TABLE 1 Abridged Income Statements for Groupon 2009 2010 Income Statement Account Gross Net Gross Net Revenue $30.4 M $14.5 M $713.4 M $312.9 M Cost of Sales 19.5 M 4.4 M 433.4 M 32.5 M 280.0 M Gross Margin Marketing Expense General and Admin. Expense Other Expenses 10.9 M 10.1 M 280.4 M 4.6 M 4.9 M 263.2 M 284.3 M 7.5 M 6.4 M 233.9 M 213.3 M 203.2 M 203.2 M Net Loss 1.34 M 1.09 M 413.4 M 420.1 M Net Loss to common sharcholders 6.92 M 6.92 M 456.3 M 456.3 M EPS (Basic) (0.04) (0.04) (2.66) (2.66) This information was obtained from Groupon's S-1 filing with the SEC on June 2, 2011, and the amended filing (Amendment No. 4) on October 7, 2011.
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