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I have the answers. I just dont know how to get the percents for each item. total assets and revenue are both 100% but I'm
I have the answers. I just dont know how to get the percents for each item. total assets and revenue are both 100% but I'm not sure what line items and their percentages go with which. please help.
Key comparative figures ($ millions) for both NIKE and Reebok follow: NIKE Reebok NIKE Reebok Key Figures NIKE Reebok Key Figures CASE 1-2 Comparative Analysis: Comparison of Balance Sheet and Income Statement $ 12.5 Cash and equivalents ........$ 108.6 Accounts receivable ........ 1,674.4 Inventories ............... 1,396.6 Retained earnings ............ 3,043.4 Costs of sales ............. 6,065.5 $ 209.8 561.7 563.7 1,145.3 2,294.0 Income taxes ........... $ 253.4 Revenues (Nike)......... 9,553.1 Net sales (Reebok)....... Total assets ............ 5,397.4 3,643.6 1,756.1 Required: a. Compute common-size percents for both companies using the data provided. b. Which company incurs a higher percent of their revenues (net sales) in income taxes? c. Which company retains a higher portion of cumulative net income in the company? d. Which company has a higher gross margin ratio on sales? e. Which company holds a higher percent of its total assets as inventoryStep by Step Solution
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