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1) Use the given information about the TJX Companies to compute for the period ending Feb. 1, 2020 the following ratios: a) Average Collection Period d) Return on Assets b) Asset Turnover e) Debt to Equity c) Current Ratio THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF INCOME IN THOUSANDS EXCEPT PER SHARE AMOUNTS Fiscal Year Ended February 1, February 2, February 3, 2020 2019 2018 (53 weeks) Net sales $ 41,716,977 $ 38,972,934 S 35,864,664 Cost of sales, including buying and occupancy costs 29,845,780 27,831,177 25,502,167 Selling, general and administrative expenses 7,454,988 6,923,564 6,375,071 Impairment of goodwill and other long-lived assets, related to Sierra 99,250 Pension settlement charge 36,122 Interest expense, net 10,026 8,860 31,588 Income before provision for income taxes 4,406,183 4,173,211 3,856,588 Provision for income taxes 1,133,990 1,113,413 1,248,640 Net income $ 3,272,193 $ 3,059,798 $ 2,607,948 Basic earnings per share $ 2.71 $ 2.47 $ 2.05 Weighted average common shares - basic 1,208,163 1,241,153 1,273,654 Diluted earnings per share $ 2.67 $ 2.43 $ 2.02 Weighted average common shares - diluted 1,226,519 1,259,252 1,292,209 The accompanying notes are an integral part of the financial statements. THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF INCOME IN THOUSANDS EXCEPT PER SHARE AMOUNTS frame? Trace the number. How many Fiscal Year Ended February 1, February 2, February 3, 2020 2019 2018 (53 weeks) Net sales $ 41,716,977 S 38,972,934 S 35,864,664 Cost of sales, including buying and occupancy costs 29,845,780 27,831,177 25,502,167 Selling, general and administrative expenses 7,454,988 6,923,564 6,375,071 Impairment of goodwill and other long-lived assets, related to Sierra 99,250 Pension settlement charge 36,122 Interest expense, net 10,026 8,860 31,588 Income before provision for income taxes 4,406,183 4,173,211 3,856,588 Provision for income taxes 1,133,990 1,113,413 1,248,640 Net income $ 3,272,193 $ 3,059,798 S 2,607,948 Basic earnings per share S 2.71 S 2.47 $ 2.05 Weighted average common shares - basic 1,208,163 1,241,153 1,273,654 Diluted earnings per share S 2.67 S 2.43 $ 2.02 1,226,519 1,259,252 1,292,209 Weighted average common shares - diluted The accompanying notes are an integral part of the financial statements. LI LII II 5 5 UNH w $ . THE THTLIT LI LOLA SO CHE TUITA LIELTS SIN Com HITI LIH HLIN SL LI TOTAL LIABLITAR KABLERER BETY 1) Use the given information about the TJX Companies to compute for the period ending Feb. 1, 2020 the following ratios: a) Average Collection Period d) Return on Assets b) Asset Turnover e) Debt to Equity c) Current Ratio THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF INCOME IN THOUSANDS EXCEPT PER SHARE AMOUNTS Fiscal Year Ended February 1, February 2, February 3, 2020 2019 2018 (53 weeks) Net sales $ 41,716,977 $ 38,972,934 S 35,864,664 Cost of sales, including buying and occupancy costs 29,845,780 27,831,177 25,502,167 Selling, general and administrative expenses 7,454,988 6,923,564 6,375,071 Impairment of goodwill and other long-lived assets, related to Sierra 99,250 Pension settlement charge 36,122 Interest expense, net 10,026 8,860 31,588 Income before provision for income taxes 4,406,183 4,173,211 3,856,588 Provision for income taxes 1,133,990 1,113,413 1,248,640 Net income $ 3,272,193 $ 3,059,798 $ 2,607,948 Basic earnings per share $ 2.71 $ 2.47 $ 2.05 Weighted average common shares - basic 1,208,163 1,241,153 1,273,654 Diluted earnings per share $ 2.67 $ 2.43 $ 2.02 Weighted average common shares - diluted 1,226,519 1,259,252 1,292,209 The accompanying notes are an integral part of the financial statements. THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF INCOME IN THOUSANDS EXCEPT PER SHARE AMOUNTS frame? Trace the number. How many Fiscal Year Ended February 1, February 2, February 3, 2020 2019 2018 (53 weeks) Net sales $ 41,716,977 S 38,972,934 S 35,864,664 Cost of sales, including buying and occupancy costs 29,845,780 27,831,177 25,502,167 Selling, general and administrative expenses 7,454,988 6,923,564 6,375,071 Impairment of goodwill and other long-lived assets, related to Sierra 99,250 Pension settlement charge 36,122 Interest expense, net 10,026 8,860 31,588 Income before provision for income taxes 4,406,183 4,173,211 3,856,588 Provision for income taxes 1,133,990 1,113,413 1,248,640 Net income $ 3,272,193 $ 3,059,798 S 2,607,948 Basic earnings per share S 2.71 S 2.47 $ 2.05 Weighted average common shares - basic 1,208,163 1,241,153 1,273,654 Diluted earnings per share S 2.67 S 2.43 $ 2.02 1,226,519 1,259,252 1,292,209 Weighted average common shares - diluted The accompanying notes are an integral part of the financial statements. LI LII II 5 5 UNH w $ . THE THTLIT LI LOLA SO CHE TUITA LIELTS SIN Com HITI LIH HLIN SL LI TOTAL LIABLITAR KABLERER BETYStep by Step Solution
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