Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

find this question. please see the example that i attached first and find the solutions. (Amounts in millions, except per share data) 2019 Chapter 5

image text in transcribed

find this question. please see the example that i attached first and find the solutions.

image text in transcribedimage text in transcribed
(Amounts in millions, except per share data) 2019 Chapter 5 In Class - Ratio Analysis Walmart Revenues: Net sales 510,329 Membership and other income 4,076 Gross margin 129,104 Total revenues 514,405 Gross Margin % = Net sales revenue 514,405 25% Costs and expenses: Cost of sales 385,301 107,147 Inventory Turnover = COGS 385,301 Operating, selling, general and administrative expenses Operating income 21,957 Average inventory 44,026 8.75 In days: 42 (Amounts in millions) 2019 2018 ASSETS What do you think of Walmart's operations? Current assets: Cash and cash equivalents 7,722 5 6.756 Receivables, net 6,283 5.614 Inventories 44,269 43,783 Prepaid expenses and other 3.623 3.511 Total current assets 61,897 59.664Hey Everyone, Fantastic job in today's class. As you wish, I'm giving you another chance to earn a 1% bonus point! 1) choose your favorite merchandising company, look up its most recent balance sheet AND Income Statement, usually under "investor relations" on the company's website; 2) calculate the gross margin percentage, inventory turn over, AND days inventory outstanding for the past two years; 3) add a brief comment, i.e. does the result surprise you? Would you buy from them more or would you rather buy from their competitors? How long does it take them to sell their inventories? etc. Now you know their business secrets! 4) To earn your 1% bonus point, include a screenshot or link to the financial statements, your calculations, and comments on your file! Have fun

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_2

Step: 3

blur-text-image_3

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

Fundamentals of Cost Accounting

Authors: William N. Lanen, Shannon Anderson, Michael W Maher

6th edition

1259969479, 1259565408, 978-1259969478

More Books

Students also viewed these Accounting questions

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago