Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. What is trend in the liquidity of CVS over the last three years, explain with ratios? b. What is trend in the liquidity of

a. What is trend in the liquidity of CVS over the last three years, explain with ratios?
b. What is trend in the liquidity of Walgreens over the last three years, explain with ratios?
c. Which company has had better liquidity over the last 3 years? Explain with ratios.

Income Statement for CVS

Balance Sheet

All numbers in thousands

Period Ending 8/31/2017 8/31/2016 8/31/2015
Current Assets
Cash And Cash Equivalents 3,301,000 9,807,000 3,000,000
Short Term Investments - - -
Net Receivables 6,528,000 6,260,000 6,849,000
Inventory 8,899,000 8,956,000 8,678,000
Other Current Assets 1,025,000 860,000 1,130,000
Total Current Assets 19,753,000 25,883,000 19,657,000
Long Term Investments 6,320,000 6,174,000 1,242,000
Property Plant and Equipment 13,642,000 14,335,000 15,068,000
Goodwill 15,632,000 15,527,000 16,372,000
Intangible Assets 10,156,000 10,302,000 12,351,000
Accumulated Amortization - - -
Other Assets 506,000 467,000 4,092,000
Deferred Long Term Asset Charges - - -
Total Assets 66,009,000 72,688,000 68,782,000
Current Liabilities
Accounts Payable 18,296,000 16,690,000 15,489,000
Short/Current Long Term Debt 251,000 323,000 1,068,000
Other Current Liabilities - - -
Total Current Liabilities 18,547,000 17,013,000 16,557,000
Long Term Debt 12,684,000 18,705,000 13,315,000
Other Liabilities 4,223,000 4,045,000 4,072,000
Deferred Long Term Liability Charges 2,281,000 2,644,000 3,538,000
Minority Interest 808,000 401,000 439,000
Negative Goodwill - - -
Total Liabilities 37,735,000 42,407,000 37,482,000
Stockholders' Equity
Misc. Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 12,000 12,000 12,000
Retained Earnings 30,137,000 27,684,000 25,089,000
Treasury Stock -9,971,000 -4,934,000 -3,977,000
Capital Surplus 10,339,000 10,111,000 9,953,000
Other Stockholder Equity -3,051,000 -2,993,000 -216,000
Total Stockholder Equity 27,466,000 29,880,000 30,861,000
Net Tangible Assets 1,678,000 4,051,000 2,138,000

Income Statement for Walgreens

Balance Sheet

All numbers in thousands

Period Ending 8/31/2017 8/31/2016 8/31/2015
Current Assets
Cash And Cash Equivalents 3,301,000 9,807,000 3,000,000
Short Term Investments - - -
Net Receivables 6,528,000 6,260,000 6,849,000
Inventory 8,899,000 8,956,000 8,678,000
Other Current Assets 1,025,000 860,000 1,130,000
Total Current Assets 19,753,000 25,883,000 19,657,000
Long Term Investments 6,320,000 6,174,000 1,242,000
Property Plant and Equipment 13,642,000 14,335,000 15,068,000
Goodwill 15,632,000 15,527,000 16,372,000
Intangible Assets 10,156,000 10,302,000 12,351,000
Accumulated Amortization - - -
Other Assets 506,000 467,000 4,092,000
Deferred Long Term Asset Charges - - -
Total Assets 66,009,000 72,688,000 68,782,000
Current Liabilities
Accounts Payable 18,296,000 16,690,000 15,489,000
Short/Current Long Term Debt 251,000 323,000 1,068,000
Other Current Liabilities - - -
Total Current Liabilities 18,547,000 17,013,000 16,557,000
Long Term Debt 12,684,000 18,705,000 13,315,000
Other Liabilities 4,223,000 4,045,000 4,072,000
Deferred Long Term Liability Charges 2,281,000 2,644,000 3,538,000
Minority Interest 808,000 401,000 439,000
Negative Goodwill - - -
Total Liabilities 37,735,000 42,407,000 37,482,000
Stockholders' Equity
Misc. Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 12,000 12,000 12,000
Retained Earnings 30,137,000 27,684,000 25,089,000
Treasury Stock -9,971,000 -4,934,000 -3,977,000
Capital Surplus 10,339,000 10,111,000 9,953,000
Other Stockholder Equity -3,051,000 -2,993,000 -216,000
Total Stockholder Equity 27,466,000 29,880,000 30,861,000
Net Tangible Assets 1,678,000 4,051,000 2,138,000

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_2

Step: 3

blur-text-image_3

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

Audit Renaissance

Authors: Vakils

1st Edition

8184621639, 978-8184621631

More Books

Students also viewed these Accounting questions

Question

Have others ever found your response time surprisingly fast?

Answered: 1 week ago