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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. Balance Sheet Compared with Industry Average December 31, 2018 RANDALL DEPARTMENT STORES, INC. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Average Industry Average Randall Randall $ 783,000 $ 310,040 Net Sales Revenue 100.0% Current Assets 70.9% Cost of Goods Sold 527,742 65.8 23.6 Property, Plant, and Equipment, Net 119,600 Gross Profit 255,258 34.2 Intangible Assets, Net 7,360 0.8 Operating Expenses 163,647 19.7 23,000 Other Assets 4.7 $ 460,000 Operating Income 91,611 14.5 Total Assets 100.0% 6,264 Other Expenses 0.4 $ 85,347 Net Income 14.1% $ 210,680 Current Liabilities 48.1% Long-term Liabilities 103,960 16.6 Total Liabilities 314,640 64.7 Stockholders' Equity 145,360 35.3 $ 460,000 Total Liabilities and Stockholders' Equity 100.0%Step by Step Solution
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