Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P.1.a. The estimated 2020 purchases for Boston Beer Co Inc. (SAM) were $[a1]. Input amounts in thousands and rounded to the nearest thousand (e.g. $1,234,567

P.1.a. The estimated 2020 purchases for Boston Beer Co Inc. (SAM) were $[a1].

Input amounts in thousands and rounded to the nearest thousand (e.g. $1,234,567 1,235)

image text in transcribed

Boston Beer Co Inc (SAM) Consolidated Statements of 12 Months Endec Comprehensive Income - USD ($) shares in Thousands, $ in Thousands Dec. 26, 2020 Dec. 28, 2019 Revenue $ 1,851,813 $ 1,329,108 Less excise taxes 115,381 79,284 Net revenue 1,736,432 1 249,824 Cost of goods sold 921,980 635,658 Consolidated Balance Sheets - USD ($) Dec. 26, 2020 Dec. 28, 2019 Gross profit 814,452 614 166 $ in Thousands Operating expenses: Current Assets: Advertising, promotional and selling 447,568 355,613 Cash and cash equivalents $ 163.282 S 36 670 expenses Accounts receivable 78,358 54,404 General and administrative expenses 118,211 112,730 Inventories 130,910 106,038 Impairment of assets 4,466 911 Prepaid expenses and other current Total operating expenses 570 245 469 254 30,230 12,077 assets Operating income 244 207 144.912 in Income tax receivable 10,393 9.459 Other income (expense), net: Total current assets 413,173 218,648 Interest (expense) income, net (199) 647 Property, plant and equipment, net 623,083 541,068 Other income (expense), net 222 (1,189) Operating right-of-use assets 58,483 53,758 Total other income (expense), net 23 112,529 112,529 Income before provision for income tax 244 230 144 370 Intangible assets 103,930 104,272 Provision for income taxes 52,270 34.329 Other assets 67,627 23,782 Net income $ 191,960 $ 110,041 Total assets 1,378,825 1,054,057 Net income per common share - basic $ 15.73 $ 9.26 Current Liabilities: Net income per common share - diluted $ 15.53 S 9.16 Accounts payable Weighted average number of common 121,647 76,374 shares - basic 12,204 11,886 Accrued expenses and other current 129,544 99 107 Weighted average number of common liabilities shares - diluted 12,283 11,908 Current operating lease liabilities 8,232 5,168 Net income $ 191,960 $ 110,041 Total current liabilities 259,423 180 649 (542) Goodwill Problem 1.a) Calculate and compare Fill in the chart below with the relevant information for FYE 2020 for SAM, EAST, and WVVI SAM EAST WWI USD $ in thousands 2020 2020 2020 End. Accts. Payable Beg. Accts. Payable - Average AP bal. COGS + End. Inventory - Beg. Inventory Purchases (est.) Average AP bal. AP T/O (times per year) 365 days + AP T/O (times per year) DPO (days)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Auditing IT Systems Volume 2

Authors: Young-Woon Min

2nd Edition

1257758837, 978-1257758838

More Books

Students also viewed these Accounting questions