Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

EXHIBIT 1: COLORADO MARIJUANA SALES, 2014-2017 (IN US$) Calendar Year Total Marijuana Sales Total to Date 2014 $683,523,739 $683,523,739 2015 $995,591,255 $1,679, 114,994 2016 $1,307,203,473

image text in transcribed
image text in transcribed
EXHIBIT 1: COLORADO MARIJUANA SALES, 2014-2017 (IN US$) Calendar Year Total Marijuana Sales Total to Date 2014 $683,523,739 $683,523,739 2015 $995,591,255 $1,679, 114,994 2016 $1,307,203,473 $2,986,318,467 2017 $1,507,702,219 $4,494,020,686 Source: Colorado Department of Revenue, "Marijuana Sales Reports," accessed August 12, 2018, www.colorado.gov/pacific/revenue/colorado-marijuana-sales-reports. EXHIBIT 2: CANADA'S THREE MAJOR CANNABIS COMPETITORS' FISCAL 2017 RATIOS Canopy Aurora Aphria Industry Profitability Gross Margin 94.3% 88.9% 84.6% 61.5% Return on Assets (2.5%) (2.4%) 1.3% (10.8%) Return on Equity (2.7%) (3.6%) 1.5% (20.5%) Financial Strength Current Ratio 9.7 8.3 17.4 5.2 Total Debt to Equity 10.2% 47.4% 15.4% 24.3% Efficiency Inventory Turnover 0.9 2.3 5.3 2.7 Receivable Turnover 6.9 7.8 24.8 5.3 Asset Turnover 5.9% 5.6% 6.5% 33.0% Fixed Asset Turnover 7.9% 14.0% 15.0% 20.0% Age of Payables 140.0 907.6 587.4 545.0 Age of Receivables 52.5 46.1 94.0 64.2 Age of Inventory 418.3 798.7 388.7 535.2 Growth Sales Growth 214.2% 1, 155.5% 142.3% 113.1% Source: Company files

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Operations Management Processes And Supply Chains

Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman

13th Global Edition

129240986X, 978-1292409863

Students also viewed these Accounting questions

Question

2. Discuss the evidence for psychopathy as a heritable disorder.

Answered: 1 week ago