Following are the income statement and balance sheet of Whole Foods Market, Inc. a. Forecast Whole Foods
Question:
Following are the income statement and balance sheet of Whole Foods Market, Inc.
a. Forecast Whole Foods Market's 2014 income statement and balance sheet using the following relations (\$ in millions).
b. What does the forecasted adjustment to balance the accounting equation from part \(a\) reveal to us about the forecasted financing needs of the company?
Transcribed Image Text:
Income Statement, For Years Ended (in millions) Sales..... Cost of goods sold and occupancy costs. Gross profit.... Direct store expenses. General and administrative expenses Pre-opening expenses.. Relocation, store closures and lease termination costs... Operating income... Interest expense.. Investment and other income. Income before income taxes Provision for income taxes. Net income... 2013 2012 $12,917 $11,699 8,288 7,543 4,629 3,285 397 52 12 883 - $551 11 894 34 4,156 2,983 372 47 10 $466 744 - 8 752 286 $343 2011 $10,108 6,571 3,537 2,629 311 41 8 548 (4) 8 552 209
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
Question Posted:
Students also viewed these Business questions
-
Refer to the Whole Foods Market, Inc., financial information from Exercise 11-26. Prepare a forecast of its fiscal year 2014 statement of cash flows. Q11-26 Following are the income statement and...
-
Refer to the Abercrombie & Fitch Co. financial information in Exercise 11-18. Prepare a forecast of fiscal 2014 statement of cash flows. Q11-18 Following are the income statements and balance sheets...
-
Refer to the Macy's, Inc. financial information from Exercise 11-20. Prepare a forecast of its fiscal year 2013 statement of cash flows. Q11-20 Following are the income statements and balance sheets...
-
Shemekia applied to a college that uses multiple regression to select students. This college only considers students whose predicted firstyear GPA is 3.0 or higher. Shemekias predicted GPA was 2.9...
-
The culture of giving and receiving payments is ingrained in China. On the other hand accepting and paying bribes is a violation of Rio Tinto's code of conduct. When does a payment stop being a gift...
-
What is the energy, in joules and in megaelectronvolts, associated with the decay of 238 U? The nuclidic (atomic) masses in atomic mass units (u) are from Table D.5 in Appendix D: 233 U 92 234Th + He
-
Explain the value to managers of understanding cultural differences.
-
The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. Accounts payable .........Interest income Accounts receivable..........
-
7 Repayment of medium- and long-term loans that U.S. commercial banks make to foreign borrowers for purchasing U.S. exports is guaranteed by the Federal Deposit Insurance Corporation. O World Bank....
-
Following are Intel Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its year ended December 31, 2012 (\$ millions). Sales... Net operating profit after...
-
Abbott Laboratories reports its 50% joint venture investment in TAP Pharmaceutical Products Inc. using the equity method of accounting in its 2007 10-K. The Abbott balance sheet reports an investment...
-
What is the proper way to mop an exam room floor?
-
Jasmine Minoza, the chief information officer of a Canada- based designer of video games, Adventure Gaming, Inc. (AGI), is considering outsourcing her companys software development activities to...
-
The input to the circuit of Fig. 5-23 with RC = 1 is v 1 = sin t. Write KCL at node B and solve for v 2 . +1 VI R B A + C D 3+ 10-41. 12
-
Draw an angle of 120. First draw a straight line about 6cm long. Place the protractor on the line so that the central cross hair is on one of the end points of the line. Make sure the line lines up...
-
Draw a seriesparallel switch circuit that implements the function f(x, y, z) = 1 if inputs xyz represent either 1 or a prime number in binary (xyz = 001, 010, 011, 101, 111).
-
A parallel-plate capacitor connected to a battery maintaining a potential difference \(V\) across the capacitor initially stores electric potential energy \(U_{1}^{E}\). If the plate area is doubled...
-
Janes estimated tax payments for the current year total $14,000, and federal income taxes withheld from her salary amount to $12,000. Janes actual tax liability for the current year is $30,000. Her...
-
According to a recent survey, 40% of millennials (those born in the 1980s or 1990s) view themselves more as spenders than savers. The survey also reveals that 75% of millennials view social...
-
Create the following table similar to the one in Exhibit 1.9. EXHIBIT 1.9: Summary of Transactions Using the Accounting Equation Then use additions and subtractions to show the dollar effects of each...
-
Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in the name of...
-
Ski-Doo Company manufactures, markets, and sells snowmobiles and snowmobile equipment and accessories. The average total assets for Ski-Doo is $3,000,000. In its most recent year, Ski-Doo reported...
-
There is a credit rating agency for businesses that gives out various amounts of information based on the subscription level. This company is called a. Business Credit Scoring b. Fair Issue c. Dun...
-
Current Attempt in Progress On July 3 1 , 2 0 2 2 , Crane Compary had a cash balance per books of $ 6 , 2 4 5 . 0 0 . The statement from Dakata State Bark on that date showed a balance of $ 7 , 7 9 5...
-
Cede & Co. expects its EBIT to be $89,000 every year forever. The firm can borrow at 5 percent. Cede currently has no debt, and its cost of equity is 10 percent. If the tax rate is 35 percent, what...
Study smarter with the SolutionInn App