Question
Based on your review of the financial statements, would you invest in this company? Why or why not? Detail your decision-making process.Based on your review
Based on your review of the financial statements, would you invest in this company? Why or why not? Detail your decision-making process.Based on your review of the financial statements, would you invest in this company? Why or why not? Detail your decision-making process.
From the Table of Contents, select Financial Statements and Supplementary Data. Use the (Consolidated) Income Statement to answer the following:
What was the companys total sales revenue for the most recent year? What was their cost of goods sold? What was their gross profit? Calculate their gross profit percentage. Show calculations.
Most recent year is Dec 31, 2017.
Total sales revenue of the year 2017 is $177,866.
Cost of the goods sold of the year 2017 is $111,934.
Gross profit of the year 2017 = Total sales revenue - Cost of goods sold
= $177,866 - $111,934
= $65,932
Gross profit percentage of the year 2017 = (Gross profit / Total sales revenue) 100
= ($65,932 / $177,866) 100
= 37.07%
From the Table of Contents, select Financial Statements and Supplementary Data. Use the (Consolidated) Balance Sheet to answer the following:
Total assets for the most recent date (Dec 31, 2017) is $131,310.
Total liabilities for the most recent date (Dec 31, 2017) is $103,601.
Working note:
Total liabilties = Total current liabilities + Long term debt + Other long-term liabilities
= $57,883 + $24,743 + $20,975
= $103,601
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started