Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: I have to do an accounting project based on the following scenario. I have a table labeled accounting part 1 that this scenario is

Question:I have to do an accounting project based on the following scenario. I have a table labeled accounting part 1 that this scenario is based on. It is a table comparing the financial statements of the two companies, Ralph Lauren and Christian Dior. I have attached the table this project is based on. I need an accounting tutor to help me complete this assignment by April 13, 2017.

I only need the following question answered:

Ralph Lauren's company's Quality of Earnings as described in Chapter 10 of the Breitner text. Explain, in words understandable to a non-accountant, how you came to your assessment and what numbers you used. Identify any of the quality related "red flags?"

Please see the attached file for the data to answer the above question.

Thank you,

image text in transcribed Class Project Part 1 Company Type of Business Name of Ticker Stock Symbol Exchange Headquarters Location/CEO Name Ralph Lauren Apparel, Accessories and Home Furnishings New York Stock Exchange RL New York City, NY/Stefan Larsson Christian Dior Apparel and Accessories Euronext EU:CDI Paris, France/ Sidney Toledano Date of Most Recent Financial Statement 4/2/16 URL of Most Recent Financial Statement Accounting Citation of Location Principle of Principle Used for Statement http://investor.ralp hlauren.com/phoe nix.zhtml? c=65933&p=irolfundsnapshot U.S. GAAP 6/30/16 http://www.diorfinance.com/enUS/Documentation /InformationsRegle mentees/01,02_Ra pportsFinanciers.as px/ ( Click \"Consolidated Financial Statements\" at this site for the PDF) IAS/IFRS http://investor.ralp hlauren.com/phoe nix.zhtml? c=65933&p=irolearningsnews_artic le&ID=2221364 http://www.diorfinance.com/enUS/Documentation /InformationsRegle mentees/01,02_Ra pportsFinanciers.as px/ ( Click \"Consolidated Financial Statements\" at this site for the PDF p.120 Currency Used and Exchange Rate with US Dollar N/A 1 Euro =1.0517 USD

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_2

Step: 3

blur-text-image_3

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

Accounting A Pathway Into The World Of Business And Data Analytics

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

29th Edition

0357899644, 9780357899649

More Books

Students also viewed these Accounting questions