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Answer all questions 1-6 in detail based on the given information below. The Boutique: Annual Financials Income Statement Figures in $000's Year ending Feb 1,

Answer all questions 1-6 in detail based on the given information below.

The Boutique: Annual Financials

Income Statement

Figures in $000's

Year ending Feb 1, 2020

Year ending Feb 2, 2019

Year ending Feb 3, 2018

Net Sales

450.

470.

480.

Cost of Goods Sold

268.

267.

269.

Gross Profit

184.

193.

211.

S,G, & A

117.

121.

135.

Other Oper Expnses

48.

52.

17.

Net Profit

17.

30.

59.

Balance Sheet

Figures in $000's

As of Feb 1, 2020

As of Feb 2, 2019

Assets

Cash

20.

30.

Accounts Receivbl

10.

10.

Inventories

60.

58.

Other

10.

8.

Total Current Assets:

100.

106.

Equipmnt, Lease Rights, other

200.

192.

Total Assets:

300.

298.

Liabilities

Accounts Payable

30.

25.

Wages Payable

10.

10.

Other

3.

9.

Total Current Liabilities:

43.

44.

Long-term debt

100.

97.

Total Liabilities:

143.

141.

Stockholders' Equity

Total Stockholders' Equity:

145.

149.

Total Liabilities and Stockholders' Equity

Total Liabilities and Stockholders' Equity:

300.

290.

Sales by Location, in retail dollars

(Figures in $000's)

Fiscal 2019

Fiscal 2018

Fiscal 2017

Fiscal 2016

Fiscal 2015

Peach Street

210.

205.

205.

200.

200.

Walnut Street

97.

98.

100.

95.

90.

Whitlock Ave

47.

70.

80.

95.

90.

Spruce Street

96.

97.

95.

85.

80.

Total

450.

470.

480.

475.

460.

Sales by Classification, in retail dollars

(Figures in $000's)

Fiscal 2019

Fiscal 2018

Special Occasion

20.

40.

Dresses

80.

100.

Career

150.

130.

Casual

180.

150.

Furs

20.

50.

Total

450.

470.

Inventory by Classification, in retail dollars

(Figures in $000's)

As of Feb 1, 2020

As of Feb 2, 2019

Special Occasion

8.

6.

Dresses

13.

14.

Career

13.

13.

Casual

14.

15.

Furs

12.

10.

Total

60.

58.

Nicole's Comparison Shopping Report

Retail Prices currently on the selling floors

The Boutique

Ann Taylor

Macy's

Kohl's

Lilac & Rose

Target

Wal-Mart

Fur Vault

Special Occasion

$100-225

$70-90

$80-150

Dresses

$100-200

$40-60

$70-90

$20-50

$60-110

$15-30

$12-20

Career

$150-300

$70-110

$80-100

$100-130

$50-60

$30-50

Casual

$30-120

$10-40

$18-75

$8-30

$20-50

$9-25

$8-20

Furs

$300-500

$150-2500

Question 1:

Complete the corp analyzer based on the information above:

Financial Measure (see attachment)

Company's Performance;

Period: 2019

Benchmark:Company's Past Performance;

Period:2018

Benchmark:

specialty store

Annual Sales Increase (Decr.)%

2.6%

Gross Margin %

34.5%

Operating Expense (S,G, & A) %

28.2%

Net Profit Margin %

5.4%

Inventory Turns

6.90

Current Ratio

1.20

Quick Ratio

.75

Total Debt to Equity Ratio

.78

Question 2:

From the Benchmarking the Financialschart you just filled out, which are the two highest priority and most immediate financial problems? Why is each one a high and immediate problem? Set a new, appropriate financial goal for each of these problems, substantiate each financial goal.

Question 3:

First Suggestion

Use ALL available information from the case study including charts showing problems by department, classification, vendor, item,pricing etc. List the first practical and feasible thing the store owner could do to improve the business. For this suggestion, show which financial problem it will fix and show substantiation for your suggestion from the numbers and/or by quoting from the text. Please follow this format:

Suggestion #1:_______________

Financial Problem it will help:__________________

Substantiation for this suggestion:__________________

Question 4:

Use ALL available information from the case study including charts showing problems by department, classification, vendor, item,pricing etc. List the first practical and feasible thing the store owner could do to improve the business. For this suggestion, show which financial problem it will fix and show substantiation for your suggestion from the numbers and/or by quoting from the text. Please follow this format:

Suggestion #2:_______________

Financial Problem it will help:__________________

Substantiation for this suggestion:__________________

Question 5:

Use ALL available information from the case study including charts showing problems by department, classification, vendor, item,pricing etc. List the first practical and feasible thing the store owner could do to improve the business. For this suggestion, show which financial problem it will fix and show substantiation for your suggestion from the numbers and/or by quoting from the text. Please follow this format:

Suggestion #3:_______________

Financial Problem it will help:__________________

Substantiation for this suggestion:__________________

Question 6:

Use ALL available information from the case study including charts showing problems by department, classification, vendor, item,pricing etc. List the first practical and feasible thing the store owner could do to improve the business. For this suggestion, show which financial problem it will fix and show substantiation for your suggestion from the numbers and/or by quoting from the text. Please follow this format:

Suggestion #4:_______________

Financial Problem it will help:__________________

Substantiation for this suggestion:__________________

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