Based on Bed Bath & Beyonds 2019 10-K. If Bed Bath & Beyond adopted IFRS would its reporting for inventory differ? Briefly explain. Identify other areas that would be impacted if your company adopted IFRS. Based on
analysis and company research would you, as a bank-lending officer, approve a 5-year loan for this company? If so, how much would you approve the loan for and for what purpose? Would you require security or collateral? Explain your reasoning.
Provide a recommendation as to whether an investor should buy, sell, or hold the stock of your company compared to the selected competitor. Your recommendation should be supported by an adequate explanation and reference to supporting analysis and ratios.
Fiscal Year Ended Perventare Change from Prior Year March 2 2019 100.0 % Percentage of Net Sales March 3, 2018 100.0% February 25, 2017 100.0% March 2 2019 (2.6% March 3, 2018 1.1 % Net sales Cost of sales 65.9 64.0 62.5 0.2 3.5 Gross profit 34.1 36.0 (7.6) (2.9) Selling, general and administrative expenses Goodwill and Other impairments 100.0 Operating (loss) profit (0.7) (111.4) (32.9) Interest expense, net 0.5 (5.6) (Loss) earnings hefore provision for income taxes (122.5) (34.7) (Benefit) provision for income taxes (0.2) (1072) (28.8) Net (loss) carnings (1.1) (132.3) (38.0) Selected Operating Data: Number of stores open at period codi 1,333 1.552 1,546 1,330 1,513 Total square feet of store space (at period cod 43.132,00U 43.681,000 43,619.000 43,274,000 43,041,000 Percentage (decrease increase in comparable sales 14 (1.1% Comparable sales in con's) 14) 11,604,110 11,813.092 11,701,042 11,722,973 11,517,454 Balance Sheet Data (at period end: Working capitals 1,832,340 1.805,393 1,559,400 1,757.282 1,983,647 Totaal a ls 6,570,541 7.010,805 6,822.655 6,487,677 6,749,665 Londom sale lensehack and capital case obligations 103,983 105,614 107,136 109,274 106,948 Long-term deht (5) 1,487,934 1.492,078 1,491,603 1,491,137 1.490,672 Shareholders equity (6) (7) 2,560,331 2.888,628 2,719.277 2,559,540 2,743,190 Consolidated Selected Financial Data Fiscal Year Ended (1) Fiscal Year Ended (1) (in thousands, except per share and selected operating data) March 2, 2019 March 3, 2018 (2) February 25, 2017 (3) February 27, 2016 February 28, 2015 Statement of Operations Data: Net sales $ 12,028,797 12,349,301 12,349,301 s 12,215,757 s 12,103,887 2,103,88 11,881,176 Gross profit 4,103,980 4,443,015 4,576,350 4,620,310 4,619,779 Operating (loss) profit (8) (87,135) 761,321 1,135,210 1,414,903 1,554.293 Net (loss) earnings (137,224) 424,858 685,108 841,489 957,474 Net (loss) earnings per share - Diluted $ (1.02) 3.04 4.58 5.10 $ 5.07 Dividends declared per share (6) 0.64 0.60 0.50 Fiscal Year Ended Perventare Change from Prior Year March 2 2019 100.0 % Percentage of Net Sales March 3, 2018 100.0% February 25, 2017 100.0% March 2 2019 (2.6% March 3, 2018 1.1 % Net sales Cost of sales 65.9 64.0 62.5 0.2 3.5 Gross profit 34.1 36.0 (7.6) (2.9) Selling, general and administrative expenses Goodwill and Other impairments 100.0 Operating (loss) profit (0.7) (111.4) (32.9) Interest expense, net 0.5 (5.6) (Loss) earnings hefore provision for income taxes (122.5) (34.7) (Benefit) provision for income taxes (0.2) (1072) (28.8) Net (loss) carnings (1.1) (132.3) (38.0) Selected Operating Data: Number of stores open at period codi 1,333 1.552 1,546 1,330 1,513 Total square feet of store space (at period cod 43.132,00U 43.681,000 43,619.000 43,274,000 43,041,000 Percentage (decrease increase in comparable sales 14 (1.1% Comparable sales in con's) 14) 11,604,110 11,813.092 11,701,042 11,722,973 11,517,454 Balance Sheet Data (at period end: Working capitals 1,832,340 1.805,393 1,559,400 1,757.282 1,983,647 Totaal a ls 6,570,541 7.010,805 6,822.655 6,487,677 6,749,665 Londom sale lensehack and capital case obligations 103,983 105,614 107,136 109,274 106,948 Long-term deht (5) 1,487,934 1.492,078 1,491,603 1,491,137 1.490,672 Shareholders equity (6) (7) 2,560,331 2.888,628 2,719.277 2,559,540 2,743,190 Consolidated Selected Financial Data Fiscal Year Ended (1) Fiscal Year Ended (1) (in thousands, except per share and selected operating data) March 2, 2019 March 3, 2018 (2) February 25, 2017 (3) February 27, 2016 February 28, 2015 Statement of Operations Data: Net sales $ 12,028,797 12,349,301 12,349,301 s 12,215,757 s 12,103,887 2,103,88 11,881,176 Gross profit 4,103,980 4,443,015 4,576,350 4,620,310 4,619,779 Operating (loss) profit (8) (87,135) 761,321 1,135,210 1,414,903 1,554.293 Net (loss) earnings (137,224) 424,858 685,108 841,489 957,474 Net (loss) earnings per share - Diluted $ (1.02) 3.04 4.58 5.10 $ 5.07 Dividends declared per share (6) 0.64 0.60 0.50
