Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the questions on the following tabs. This assignment is due on Friday, October 13, 2023 by 11:59 pm. An uploaded EXCEL document should

Please answer the questions on the following tabs. This assignment is due on Friday, October 13, 2023 by 11:59 pm. An uploaded EXCEL document should include the following: 1. Company Information tab 2. Balance Sheet tab 3. Income Statement tab 4. Statement of Cash Flows tab 5. Common-Size I/S tab,

To begin, (1) go to www.sec.gov; click "Company Filings"; go to "Fast Search" and enter your company's ticker symbol; and find "10-K" under Filings and click "Interactive Data," or download your Company's most recent SEC Form 10-K in pdf format from its investor relation's site, and (2) use it to answer the questions herein. Stock prices for any given day can be found using Google Finance or Yahoo Finance.

The goal of common-size statements is to compare a company across time and to other companies. common-size income statement for your company and insert it below. Common-size income statements express each line item as a percentage of revenue, e.g., revenue will be shown as 100%. Below is the example for iRobot. Below is iRobot as an example. (Replace iRobot with your company - three years is sufficient. Note that your company's income statement is likely to have different line items. Use what is reported for your company.)
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands 12 Months Ended 12 Months Ended
Jan. 1, 2022 Jan. 2, 2021 Dec. 28, 2019 Jan. 1, 2022 Jan. 2, 2021 Dec. 28, 2019
Revenue $ 1,564,987 $ 1,430,390 $ 1,214,010 100.0% 100.0% 100.0%
Cost of product revenue 1,013,465 758,241 658,362 64.8% 53.0% 54.2%
Amortization of acquired intangible assets 1,223 1,920 11,721 0.1% 0.1% 1.0%
Total cost of revenue 1,014,688 760,161 670,083 64.8% 53.1% 55.2%
Gross profit 550,299 670,229 543,927 35.2% 46.9% 44.8%
Operating expenses:
Research and development 161,331 156,670 141,607 10.3% 11.0% 11.7%
Selling and marketing 289,848 265,475 231,548 18.5% 18.6% 19.1%
General and administrative 99,190 100,770 83,103 6.3% 7.0% 6.8%
Amortization of acquired intangible assets 1,030 992 1,051 0.1% 0.1% 0.1%
Total operating expenses 551,399 523,907 457,309 35.2% 36.6% 37.7%
Operating (loss) income (1,100) 146,322 86,618 -0.1% 10.2% 7.1%
Other income, net 29,384 41,593 12,215 1.9% 2.9% 1.0%
Income before income taxes 28,284 187,915 98,833 1.8% 13.1% 8.1%
Income tax (benefit) expense (2,106) 40,847 13,533 -0.1% 2.9% 1.1%
Net income $ 30,390 $ 147,068 $ 85,300 1.9% 10.3% 7.0%
What do you observe from the common-size analysis of your company?
Insert numbers and compute financial ratios Most recent year available 1st Prior Year
What is the balance sheet date? (e.g., 12/31/21 and 12/31/22)
What is the dollar amount of total assets?
What is the dollar amount of total liabilities?
What is the dollar amount of total shareholders' equity?
Does A = L + OE? (Yes or No)
Name the Company's largest asset. Is it "current" or "noncurrent"?
Does the Company have inventory? Why or why not?
Name the Company's largest liability? Is it "current" or "noncurrent"?
Calculate working capital [= current assets - current liabilities]
Calculate the current ratio [= current assets current liabilities]
Based on the current ratio, did the Company become more or less liquid comparing its current year to the prior year?
Calculate the total debt to total assets ratio [= total liabilities total assets]
Based on the total debt to total assets ratio computed above, is the Company better off or worse off in its ability to withstand long-term financial difficulties?
What is your overall assessment of your Company's financial condition? Refer to any of the above numbers or ratios in your brief summary.
Your name
Income Statement
Insert numbers and compute financial ratios Most recent year available 1st Prior Year
What is the dollar amount of total Sales Revenue (a.k.a., net sales or net revenue)?
Compute the % change in revenue [= (most recent year's Revenue prior year's Revenue) - 1] N/A
What is the dollar amount of Gross Profit? [If it is not given, Gross Profit = sales revenue minus cost of goods sold]
Compute Gross Profit rate [= gross profit net sales revenue]
What is the dollar amount of Operating Income? [often shown as a subtotal in the I/S; if not given, Operating Income is revenues minus expenses related to day-to-day operations.]
Compute the % change in Operating Income [= (most recent year's Op Inc prior year's Op Inc) - 1] N/A
What is the dollar amount of Net Income?
Compute the % change in Net Income (NI) [= (most recent year's NI prior year's NI) - 1] N/A
Compute Operating Profit Margin [= operating income net sales]
Compute Profit Margin [= net income net sales]
What is reported as basic earnings per share (EPS)? (look it up - no need to calculate)
What is your overall assessment of your Company's performance? Refer to any of the above numbers or ratios in your brief summary.
Your name
Basic Company Data
Company name Ralph Lauren Corp (RL)
Company stock ticker symbol
Company headquarters location
Industry name
CEO (who signed the letter to shareholders)
Company's key Products or Services include:
Customers tend to be: (this of course will be a generalization; examples include: business, consumers, women, young professionals, teens, etc.)
Company's closest competitors are:
Who is the Company's external audit firm? (found on the Report from Independent Auditor in 10K)
Does the Company follow a calendar year (ending approximately December 31)? (Yes or No)
If they do not use a calendar year, why do you believe that is?
Company's closing stock price as of September 20, 2023?
Company's closing stock price as of October 11, 2023?
If you invested $10,000 in your company on September 20, 2023, what would your total investment be on October 11, 2023? Please let Excel makes the calculaton in cell address B16! #DIV/0!

For Ralph Lauren corp (RL)

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

Management And Cost Accounting

Authors: Colin Drury

6th Edition

1844807037, 978-1844807031

More Books

Students also viewed these Accounting questions

Question

Explain the goal of behavior therapy.

Answered: 1 week ago