Question
From this question - I am looking for the calculation for the number of stores. Not just the number - I am looking for the
From this question - I am looking for the calculation for the number of stores. Not just the number - I am looking for the way to reach that number.
In Chegg, someone already posted it as 788 in Year 5. But how he gets to that number is unknown.
"4.25 Calculating and Interpreting Protability Ratios. Abercrombie &Fitch sells casual apparel and personal care products for men, and women,4.25 Calculating and Interpreting Protability Ratios. Abercrombie &Fitch sells casual apparel and personal care products for men, women, and children through retail stores located primarily in shopping malls. Its scal year ends January 31 of each year. Financial statements for Abercrombie & Fitch for scal years ending January 31, Year 3, Year 4, and Year 5 appear in Exhibit 4.34 (balance sheets), Exhibit 4.35 (income statements), and Exhibit 4.36 (statements of cash ows). These nancial statements reect the capitalization of operating leases in property, plant, and equipment and long-term debt, a topic discussed in Chapter 6. Exhibit 4.37(page 257) presents nancial statement ratios for Abercrombie & Fitch for Years 3 and 4. Selected data for Abercrombie & Fitch appears here. REQUIRED a. Calculate the ratios in Exhibit 4.37 for Year 5. The income tax rate is 35%. b. Analyze the changes in ROA for Abercrombie & Fitch during the three-year period, suggesting possible reasons for the changes observed. c. Analyze the changes in ROCE for Abercrombie & Fitch during the three-year period, suggesting possible reasons for the changes observed "
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