Joanne Products Ltd. reported the figures below at December 31, 2017, 2016, and 2015.The business has declared bankruptcy. You have been asked to review the business and explain why it failed.
Requirement EVALLA hatred of Kannas Realty Productos results of operations during 2015 through 2017. Consider the tranda of rare, grees prodit, and net income. Track the grass profit percentage to the cecinAI PACAR) And the rate clinerary tumar tocne deciA SACAI Asch year 2015 2016 and 2017. 4 , dacus the role n ing para MIR HANA played in Icarre'a BAALS, Fred 's difficulties Firsi. 's cloudste Joanne's gross profit and grosgrohl percentage {Enter the gross profit percentage as a decimal rounded to three decimal places. Enter all other values to one decimal place) Dalars in thousands 2017 2016 2015 Casa AS Crass prott Cross prott personage Consider the line of les gross pro and nation The babe Juegues por C a rdos telinarne Non calculate the rate of invertory turnover. (Round the average calculation to two decimal places. Round your answer to one decimal place. 2017 2016 2015 Inventory tumover The gross profit percentage sigrificantly whic the rate of inventory tumover y. This suggests that canne's Beauty Products had o t serchandise more and more just to sell the goods. The end result was a in 2017. Selling expereus significantly, wtich suggests that Jeanne's Beauty Products had to severse in order tu sal its inventory heaviy Italy Joanne's Beauty Products Ltd. Statement of Income For the Years Ended December 31, 2017, 2016, and 2015 Thousands 2017 2016 2015 Sales..... . .............$ 41.8 $ 39.7 $ 37.2 Cost of sales. ..... ............ 33.8 31.1. 28.9 Selling expenses ....... 8.5 7.3 6.1 Other expenses ............ 0.4 1.0 0.8 $ (0.9) $ 0.3 $ 1.4 Net income (net loss).... Additional data: Ending inventory $ 9.1 $ 8.7 $ 7.0 Beginning inventory in 2015 was $7,100. Consider the trends of sales, gross profit, and net income. The sales D V , the gross profit , and the net income Now calcul decreased turnover. (Round the average calculation to two decimal places. 17 2016 2015 increased Inventory t did not change The gross profit percentage V significantly while the rate of inventory turnover Consider the trends of sales, gross profit, and net income. The sales 7, the gross profit V, and the net income Now calculate the rate of inventory turnover. ulation to two decimal places. dropped 2017 rose Inventory turnover stayed the same The gross profit percentage significantly while the rate of inventory turnover Consider the trends of sales, gross profit, and net income. The sales , the gross profit 1, and the net income , and the net income | Now calculate the rate of inventory turnover. (Round the average calculation to two increased 2016 2015 slid to a net loss Inventory turnover 2017 C D stayed the same The gross profit percentage significantly while the rate of inventory turnover 2017 2016 2015 C Inventory turnover D The gross profit percentage significantly while the rate of inventory turnover y .T Selling expenses 1 suggests that Joanne's Beauty Products had to advertise dropped rose did not change significantly while the rate of inventory turnover V. This suggests that Joanne's Beauty Products ha tly, which suggests that Joanne's Beauty Product in order to sell its inventory. deteriorated improved stayed the same The gross profit percentage V significantly while the rate of inventory turnover This suggests that Joanne's Beauty Products had to vits merchandise more and more just to sell the goods. The end result was a in 2017. Selling expenses significantly, which suggests that Joanne's Beauty Products had to advertise in order to sell its inventory. discount overprice The gross profit percentage V significantly while the rate of inventory turnover This suggests that Joanne's Beauty Products had to vits merchandise more and more just to sell the goods. The end result was a in 2017. Selling expenses significantly, which suggests that Joanne's Beauty Products had to advertise in order to sell its inventory. decreased increased did not change The gross profit percentage V significantly while the rate of inventory turnover This suggests that Joanne's Beauty Products had to vits merchandise more and more just to sell the goods. The end result was a in 2017. Selling expenses significantly, which suggests that Joanne's Beauty Products had to advertise in order to sell its inventory. heavily lightly moderately
