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Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs
- Prepare a vertical analysis for both the income statement and balance sheet.
- Write a paragraph comparing the companys performance with the industry average.
- Compute the following ratios and comment on what the results mean when evaluating the company:
Current ratio
Gross profit percentage ratio
Debt ratio
Profit margin ratio
Written assignments should conform to MLA format, making sure to cite the associated reading/resource.
least 2-3 paragraphs
RANDALL DEPARTMENT STORES, INC. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Randall Average Net Sales Revenue $ 783,000 100.0% Cost of Goods Sold 527,742 65.8 Gross Profit 255,258 34.2 Operating Expenses 163,647 19.7 Operating Income 91,611 14.5 Other Expenses 6,264 Net Income $ 85,347 14.1% RANDALL DEPARTMENT STORES, INC. Balance Sheet Compared with Industry Average December 31, 2018 Industry Randall Average Current Assets $ 310,040 70.9% Property, Plant, and Equipment, Net 119,600 23.6 Intangible Assets, Net 7,360 0.8 Other Assets 23,000 4.7 Total Assets $ 460,000 100.0% 0.4 Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $ 210,680 103,960 314,640 145,360 S460,000 48.1% 16.6 64.7 35.3 100.0% RANDALL DEPARTMENT STORES, INC. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Randall Average Net Sales Revenue $ 783,000 100.0% Cost of Goods Sold 527,742 65.8 Gross Profit 255,258 34.2 Operating Expenses 163,647 19.7 Operating Income 91,611 14.5 Other Expenses 6,264 Net Income $ 85,347 14.1% RANDALL DEPARTMENT STORES, INC. Balance Sheet Compared with Industry Average December 31, 2018 Industry Randall Average Current Assets $ 310,040 70.9% Property, Plant, and Equipment, Net 119,600 23.6 Intangible Assets, Net 7,360 0.8 Other Assets 23,000 4.7 Total Assets $ 460,000 100.0% 0.4 Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $ 210,680 103,960 314,640 145,360 S460,000 48.1% 16.6 64.7 35.3 100.0%Step by Step Solution
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