can you help me fill out my journal 6UBERCRUMMIE & FRITCH CO.7CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOMETrend AnalysisCommon-Size Analysis8(In millions, except share and per share amounts)Fiscal Years Ended December 31,2020-20212019-2020202120209$ Change% Change$ Change% Change(Percent of Net Sales)10202120202019Net sales4,9004,600$5,19411Cost of Goods Sold3,2963,2403,2961213GROSS PROFIT14Stores and Distribution Expense98080588215Selling, General and Administrative Expense39234549010232916Other Operating Expense (Income), Net17OPERATING INCOME18Interest Income (Expense)(1)(5)(2)19OPERATING INCOME BEFORE TAXES988119620Income Tax Expense21NET INCOME2$22EARNINGS PER SHARE23Calculate the following for:20212020Formulas/Links:24n/an/aGross Profit Margin (percentage)n/a2526Net Profit Margin (percentage)n/a2728Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:293031

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Common-Size Analysis (In millions, except share and per share amounts) Fiscal Years Ended December 31, 2020-2021 2019-2020 2021 2020 2021 2020 2019 $ Change % Change $ Change % Change (Percent of Net Sales) Net sales 4,900 4,600 5,194 Cost of Goods Sold 3,296 3,240 3,296 GROSS PROFIT Stores and Distribution Expense 980 805 882 Selling, General and Administrative Expense 392 345 490 10 23 29 Other Operating Expense (Income), Net OPERATING INCOME Interest Income (Expense) (1) (5) (2) OPERATING INCOME BEFORE TAXES 98 81 196 Income Tax Expense NET INCOME EARNINGS PER SHARE $4 2$ 2020 Formulas/Links: Calculate the following for: Gross Profit Margin (percentage) Net Profit Margin (percentage) 2021 n/a n/a n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Trend Analysis Common-Size Analysis (In millions, except share and per share amounts) Fiscal Years Ended December 31, 2020-2021 2019-2020 2021 2020 2021 2020 2019 $ Change % Change $ Change % Change (Percent of Net Sales) Net sales 4,900 4,600 5,194 Cost of Goods Sold 3,296 3,240 3,296 GROSS PROFIT Stores and Distribution Expense 980 805 882 Selling, General and Administrative Expense 392 345 490 10 23 29 Other Operating Expense (Income), Net OPERATING INCOME Interest Income (Expense) (1) (5) (2) OPERATING INCOME BEFORE TAXES 98 81 196 Income Tax Expense NET INCOME EARNINGS PER SHARE $4 2$ 2020 Formulas/Links: Calculate the following for: Gross Profit Margin (percentage) Net Profit Margin (percentage) 2021 n/a n/a n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

See similar textbooks

Similar questions

Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements. For Years Ended December 31 2021 Sales: Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets 2020 $436,580 $ 334,456 262,821 173,759 61,994 39,292 Long-term investments Plant assets, net Total assets KORBIN COMPANY Comparative Balance Sheets December 31 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 212,045 122,411 46, 155 101,286 72,473 13,480 $ 58,993 $ 37,225 29,432 75,587 46,824 9,599 2021 $ 54,789 0 100, 200 $154,989 $ 22,628 72,000 9,000 51,361 2019 $ 232,100 148,544 83,556 30,637 19,264 49,901 33,655 6,832 $ 26,823 2020 $36,670 900 91,178…
Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…
view Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
Please calculate the verticle and horizontal analysis of the Income statement. Consolidated Statements of Earnings (USD $) 12 Months Ended In Millions, except Per Share data, unless otherwise specified 12/31/2020 Vertical Analysis 12/31/2019 Vertical Analysis Horizontal Analysis Income Statement [Abstract] NET SALES $83,176 $78,812 Cost of Sales 54,222 51,422 GROSS PROFIT 28,954 27,390 Operating Expenses: Selling, General and Administrative 16,834 16,597 Depreciation and Amortization 1,651 1,627 Total Operating Expenses 18,485 18,224 OPERATING INCOME 10,469 9,166 Interest and Other (Income) Expense: Interest and Investment Income -337 -12 Interest Expense 830 711 Other 0 0 Interest and Other, net 493 699 EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,976 8,467 Provision for Income Taxes 3,631 3,082 NET EARNINGS $6,345 $5,385…
SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…
Requirement 1. Prepare a horizontal analysis of the comparative income statement of McCormick Designs, Inc. Round percentage changes to one decimal place. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Net Sales Revenue $429,000 $373,750 % Expenses: Cost of Goods Sold 204,000 190,450 % Selling and Administrative Expenses 96,000 91,050 % Other Expenses 7,450 5,750 % Total Expenses 307,450 287,250 % Net Income $121,550 $86,500 % Requirement 2. Why did 2024 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net…
RM'000 Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51-3 Calculate the following: (ii) Current ratio
Preparing Common Size Statements The financial statements for Venus Industries follow: Venus IndustriesConsolidated Income Statements(in thousands, except per share data) Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378…
1. HORIZONTAL ANALYSIS Our Company Income Statement December 31, 201A, and 201B Increase/ Decrease % of change (Amount of change 201A 201B (201A-201B) +201A) x 100% Net Sales 180,000.00 240,000.00 Cost of Goods Sold 100,000.00 120,000.00 Gross Profit 80,000.00 120,000.00 Operating Expenses Administrative Expenses 20,000.00 20,000.00 Selling Expenses 10,000.00 12,000.00 Total Operating Expenses 30,000.00 32,000.00 Net Income 50,000.00 88,000.00 2. VERTICAL ANALYSIS Our Company Income Statement December 31, 201A, and 201B 201A 201B Net Sales 180,000.00 100% 240,000.00 100% Cost of Goods Sold 100,000.00 120,000.00 120,000.00 Gross Profit 80,000.00 Operating Expenses Administrative Expenses 20,000.00 20,000.00 Selling Expenses Total Operating Expenses 10,000.00 12,000.00 30,000.00 32,000.00 Net Income 50,000.00 88,000.00
Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? Oa. 47.4% Ob. 15.3% Oc. 32.2% Od. 79.6%
Here are the comparative income statements of Blossom Corporation. BLOSSOM CORPORATION Comparative Income Statement For the Years Ended December 31 Net sales Cost of goods sold Gross Profit Operating expenses Net income Net sales Cost of goods sold Gross Profit Operating expenses Net income (b) 2022 2022 $600,000 445,000 (a) Prepare a horizontal analysis of the income statement data for Blossom Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) 155,000 70,000 $ 85,000 445,000 155,000 70,000 2021 $500,000 400,000 $ 85,000 2021 100,000 $600,000 $500,000 40,000 $ 60,000 BLOSSOM CORPORATION Comparative Income Statement 400,000 100,000 40,000 $ $ 60,000 $ 2022 Increase or (Decrease) During 2022 Amount BLOSSOM CORPORATION Condensed Income Statements Percent + Prepare a vertical analysis of the income statement data for Blossom Corporation for both…
Steele Inc. Consolidated Statements of Income (in thousands except per share amounts) 2023 2022 2021 Net sales $7,245,088 $6,944,296 $6,149,218 Cost of goods sold (5,286,253) (4,953,556) (4,355,675) Gross margin $1,958,835 $1,990,740 $1,793,543 General and administrative expenses (1,259,896) (1,202,042) (1,080,843) Special and nonrecurring items 2,617 0 0 Operating income $701,556 $788,698 $712,700 Interest expense (63,685) (62,398) (63,927) Other income 7,308 10,080 11,529 Gain on sale of investments 0 9,117 0 Income before income taxes $645,179 $745,497 $660,302 Provision for income taxes 254,000 290,000 257,000 Net income $391,179 $455,497 $403,302 Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Dec. 31, 2023 Dec. 31, 2022 Current assets: Cash and equivalents $320,558 $41,235 Accounts receivable 1,056,911 837,377 Inventories 733,700…