Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please refer to Limited Brands, Inc.s financial statements above. Prepare common-size financial statements for Limited Brands, Inc. for 2006 - 2007. Please refer to Limited

Please refer to Limited Brands, Inc.s financial statements above. Prepare common-size financial statements for Limited Brands, Inc. for 2006 - 2007.

image text in transcribed

Please refer to Limited Brands, Inc.'s financial statements above. Prepare common-size financial statements for Limi Brands, Inc. for 2006- 2007 BALANCE SHEETS (% of Assets) 2006 2005 100.00% 2007 TOTAL ASSETS 100.00% 100.00% LIABILITIES Long-Term Debt Due In One Year Payables and Accrued Expenses Total Current Liabilities 0.11% 23.98% 24.09% 0.11% 24.71% 24.82% 0.00% 23.83% 23.83% Long-Term Debt Deferred Taxes Miority Interest Other Liabilities TOTAL LIABILITIES 23.47% 2.44% 1.00% 7.33% 5834% 26.30% 2.30% 0.52% 7.12% 61.06% 27.03% 2.91% 0.54% 7.34% 61.65% TOTAL EQUITY TOTAL LIABILITIES & EQUITY 41 66% I 00.00% 38.94% 100.00% 38.35% 100.00% Common Shares Outstanding 398 395 407 INCOME STATEMENTS (% of Sales) 2007 2006 Sales Cost of Goods Sold Gross Profit Selling, General, & Administrative Exp Operating Income Before Deprec Depreciation, Depletion,& Amortization Operating Profit 10000% 59.43% 40.57% 26,59% 13.98% 2.96% 11 02% 100.00% 61 . 23% 38.77% 25 88% 12.89% 3.09% 9.80% Interest Expense Non-Operating Income/Expense Special Items Pretax Income Total Income Taxes Adjusted Available for Common Extraordinary Items Adjusted Net Income 0.97% O 26% 0.81% 9.90% 3.01% 689% 0.18% 7.06% 0.96% 0.00% 10.28% 395% 6.33% 0.01% 6.33% Please refer to Limited Brands, Inc.'s financial statements above. Prepare common-size financial statements for Limi Brands, Inc. for 2006- 2007 BALANCE SHEETS (% of Assets) 2006 2005 100.00% 2007 TOTAL ASSETS 100.00% 100.00% LIABILITIES Long-Term Debt Due In One Year Payables and Accrued Expenses Total Current Liabilities 0.11% 23.98% 24.09% 0.11% 24.71% 24.82% 0.00% 23.83% 23.83% Long-Term Debt Deferred Taxes Miority Interest Other Liabilities TOTAL LIABILITIES 23.47% 2.44% 1.00% 7.33% 5834% 26.30% 2.30% 0.52% 7.12% 61.06% 27.03% 2.91% 0.54% 7.34% 61.65% TOTAL EQUITY TOTAL LIABILITIES & EQUITY 41 66% I 00.00% 38.94% 100.00% 38.35% 100.00% Common Shares Outstanding 398 395 407 INCOME STATEMENTS (% of Sales) 2007 2006 Sales Cost of Goods Sold Gross Profit Selling, General, & Administrative Exp Operating Income Before Deprec Depreciation, Depletion,& Amortization Operating Profit 10000% 59.43% 40.57% 26,59% 13.98% 2.96% 11 02% 100.00% 61 . 23% 38.77% 25 88% 12.89% 3.09% 9.80% Interest Expense Non-Operating Income/Expense Special Items Pretax Income Total Income Taxes Adjusted Available for Common Extraordinary Items Adjusted Net Income 0.97% O 26% 0.81% 9.90% 3.01% 689% 0.18% 7.06% 0.96% 0.00% 10.28% 395% 6.33% 0.01% 6.33%

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

Students also viewed these Accounting questions