Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with the following Case 3: An Analysis of Colgate-Palmolive's Financial Statements Due Date: Wednesday August 10th (via Canvas) Potential Marks: ' 30 Marks

Please help with the following

image text in transcribed

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Case 3: An Analysis of Colgate-Palmolive's Financial Statements Due Date: Wednesday August 10th (via Canvas) Potential Marks: ' 30 Marks Using the financial statements provided on canvas, and the knowledge you have gained in reading the relevant chapters on financial statement analysis, and watching any relevant course videos, provide an analysis of Colgate-Palmolive's financial statements. 1. Is management going a "good" job in managing the company? 2. Would you invest in Colgate-Palmolive? In both questions, justify your answer using your financial analysis of the company's financial statements. 16 Credit Analysis Equity Analysis Colgate's Consolidated Statements of Income (in millions, except per share amounts) Colgate's Consolidated Statements of Retained Earnings, Comprehensive Income, and Changes in Capital Accounts (in millions) Colgate's Consolidated Statements of Retained Earnings, Comprehensive Income, and Changes in Capital Accounts (in millions) Exhibit 1.12 Colgate's Common-Size Income Statements \begin{tabular}{lcccccc} Common size & 2011 & 2010 & 2009 & 2008 & 2007 & 2006 \\ \hline Net sales ......0 & 100.00 & 100.00 & 100.00 & 100.00 & 100.00 \end{tabular} Cost of sales Gross profit 57.3142.6959.1440.8658.7741.2358.8041.2059.5940.4158.9241.08 Selling, general and administrative expenses 34.4134.7934.4634.8435.7035.21 0ther (income) expense, net Operating profit . 22.95(0.05)22.421.9323.590.7220.353.6119.844.0418.225.49 Interest expense, net Income before income taxes 22.640.3122.040.3823.080.5019.600.7518.591.2516.831.39 Provision for income taxes Net income including noncontrolling interests 15.267.3814.867.1815.647.4413.296.31 13.085.5011.535.30 Less: Net income attributable to noncontrolling interests =14.530.74=0.71=0.69=0.52=14.95=12.77 \begin{tabular}{c} 0.470.49 \\ \hline \hline \end{tabular}

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

Auditing And Assurance Services A Systematic Approach

Authors: William F. Messier

6th Edition

0073526908, 9780073526904

More Books

Students also viewed these Accounting questions

Question

Compare and contrast long-term and short-term orientation cultures

Answered: 1 week ago

Question

Discuss the research behind the notion of a pancultural self

Answered: 1 week ago