Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the % change between the current year: current ratio, Debt to asset ratio, inventory turnover, and return on sales. Also, is it doing good

Calculate the % change between the current year: current ratio, Debt to asset ratio, inventory turnover, and return on sales. Also, is it doing good or bad? explain

image text in transcribed

image text in transcribed

image text in transcribed \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ American Apparel, Inc. and Subsidiaries } \\ \hline \multicolumn{7}{|c|}{ Consolidated Statements of Operations and Comprehensive Loss } \\ \hline \multicolumn{7}{|c|}{ (Amounts and shares in thousands, except per share amounts) } \\ \hline \multicolumn{7}{|c|}{ Years Ended December 31, } \\ \hline & 2013 & 2012 & 2011 & 2010 & & 2009 \\ \hline Net sales & $633,941 & $617,310 & $547,336 & $532,989 & & 558,775 \\ \hline Cost of sales & 313,056 & 289,927 & 252,436 & 253,080 & & 238,863 \\ \hline Gross profit & 320,885 & 327,383 & 294,900 & 279,909 & & 319,912 \\ \hline Selling expenses & 241,683 & 227,447 & 209,841 & 218,198 & & 198,518 \\ \hline General and administrative expenses & 106,957 & 97,327 & 104,085 & 103,167 & & 93,636 \\ \hline Retail store impairment & 1,540 & 1,647 & 4,267 & 8,597 & & 3,343 \\ \hline (Loss) income from operations & (29,295) & 962 & (23,293) & (50,053) & & 24,415 \\ \hline Interest expense & 39,286 & 41,559 & 33,167 & 23,752 & & 22,627 \\ \hline Foreign currency transaction loss & 1 & 120 & 1,679 & (686) & & (2,920) \\ \hline \multicolumn{7}{|l|}{ Unrealized loss (gain) on change in fair value } \\ \hline of warrants and purchase rights & 3,713 & 4,126 & (23,467) & 993 & & - \\ \hline Loss (gain) on extinguishment of debt & 32,101 & (11,588) & 3,114 & - & & - \\ \hline Other expense (income) & 131 & 204 & (193) & 39 & & (220) \\ \hline Loss before income taxes & (104,527) & (33,459) & (37,593) & (74,151) & & 4,928 \\ \hline Income tax provision & 1,771 & 3,813 & 1,721 & 12,164 & & 3,816 \\ \hline Net loss & $(106,298) & $(37,272) & $(39,314) & $(86,315) & $ & 1,112 \\ \hline Basic and diluted loss per share & (0.96) & (0.35) & (0.42) & (1.21) & $ & 0.02 \\ \hline Weighted average basic and diluted shares & & & & (1.21) & $ & 0.01 \\ \hline outstanding & 110,326 & 105,980 & 92,599 & 71,626 & & 71,026 \\ \hline Net loss (from above) & $(106,298) & $(37,272) & $(39,314) & $(86,315) & $ & 1,112 \\ \hline \multicolumn{7}{|l|}{ Other comprehensive (loss) income item: } \\ \hline Foreign currency translation, net of tax & (1,581) & 631 & (188) & (1,085) & & 620 \\ \hline Other comprehensive (loss) income, net of tax & (1,581) & 631 & (188) & (1,085) & & 620 \\ \hline Comprehensive loss & $(107,879) & $(36,641) & $(39,502) & $(87,400) & $ & 1,732 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Cash Flow Overview } \\ \hline \multicolumn{6}{|c|}{ (dollars in thousands) } \\ \hline & 2013 & 2012 & 2011 & 2010 & 2009 \\ \hline \multicolumn{6}{|l|}{ Net cash (used in) provided by: } \\ \hline Operating activities & $(12,723) & $23,589 & $2,305 & $(32,370) & $45,203 \\ \hline Investing activities & (25,147) & (24,853) & (10,759) & (15,662) & (20,889) \\ \hline Financing activities & 34,228 & 4,214 & 12,582 & 48,172 & (25,471) \\ \hline Effect of foreign exchange rate changes on cash & (535) & (390) & (1,491) & (1,530) & (1,165) \\ \hline Net (decrease) increase in cash & $(4,177) & $2,560 & $2,637 & $(1,390) & $(2,322) \\ \hline \end{tabular}

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

Financial Management Core Concepts

Authors: Ray Brooks, Raymond Brooks

1st Edition

0321155173, 9780321155177

More Books

Students also viewed these Finance questions

Question

What are the disadvantages of investing in convertible securities?

Answered: 1 week ago

Question

Is there any evidence that contradicts this statement?

Answered: 1 week ago