Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Calculate the following ratios for each of the three years presented. Show your computations Current year Last year Two years ago Gross profit rate

image text in transcribed
image text in transcribed
image text in transcribed
2. Calculate the following ratios for each of the three years presented. Show your computations Current year Last year Two years ago Gross profit rate (%) 449 43.8 Profit margin (%) Return on assets You will find prior years' assets in the Five-Year Summary of Selected Financial Data 3. Compare these ratios to industry averages. (Note: The gross profit rate may also be called me margin. The profit margin percentage may also be called the net profit margin.) Your company Industry Gross profit rate Operating margin Profit margin Return on assets How do the results for your company compare to industry averages? - + El Draw CONSOLIDATED STATEMENTS OF INCOME 3,341 YEAR ENDED MAY 31, 2019 2018 2017 39,117 $ 36,397 $ 34,350 21,64320,44119,038 17,474 15,956 15,312 3,753 3,577 8,949 7,934 7,222 12.702 10,563 49 59 (78) (196) 4,801 4 225 772 2.392 4,029 $ 1,933 $ 4,240 (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expenses Total selling and administrative expense Interest expense (income), nel Other (income) expense, net Income before income taxes Income tax expanse NET INCOME Earnings per common share: 1.511 66 4 886 846 Basic 255 $ 2.49 $ 1.19 $ 1.17 $ 2.56 2.51 Diluted Weighted average common shares outstanding Basic Diluted 1.579.7 1.618.4 1623.8 1.659.1 1,6578 1.6920 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement default browser? Go to settings - + 2019 2018 4,249 996 4.466 $ 197 4,272 5,622 1.968 16,525 4.744 283 3.498 5,261 1.130 15,134 4,454 285 154 154 2509 2011 23,717 S $ 22,536 DOWS ASSETS Current assets Cash and equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets, not Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other abilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity Common stock at started value: Clase A convertible 315 and 320 chares outstanding S 656 336 2.612 5.010 3.259 229 7.866 6.040 3 454 3.347 3.216 150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Iso 9000 Auditors Companion

Authors: Kent A. Keeney

1st Edition

0873893247, 978-0873893244

More Books

Students also viewed these Accounting questions

Question

4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago