September 30, 2011 September 30, 2010 September 30, 2009 September 30, 2008 (in thousands, except per share amounts) percentages, ratios, retail locations and employees) EARNINGS DATA Net sales 2011 2010 2009 2008 $ 3,642,937 $ 3,085,290 S 2,709,704 $ 2,848,859 Gross profit 2,151,154 1,822,278 1,530,219 1,646,442 Selling, general & administrative expenses 1,442,728 1,227,497 1,089,727 1,153,944 Weighted-average number of diluted Net earnings from continuing operations Net earnings Net earnings from continuing operations per diluted share Net earnings per diluted share common shares BALANCE SHEET AND CASH FLOW DATA Total assets 439,190 368,403 265,676 232,155 439,190 368,403 264,823 220,022 3.40 2.87 2.12 1.84 3.40 2.87 129,083 128,406 2.11 125,383 1.74 126,410 $ 4.158,992 $ 3,735,669 S 3.488 360 $ 3,102,283 Cash and cash equivalents 433,954 681,591 785.702 160.445 Inventories, net Short-term borrowings and long-term 2,073,212 1,625,302 1,427,855 1,601,236 712,147 688,240 754,049 708,804 debt (including current portion). Stockholders' equity 2,348,905 2,177.475 1,883,239 1,588,371 Working capital 2,262,998 2,204,632 1.845,393 1,446,812 Cash flows from operating activities 210,606 298,925 687.199 142.270 Capital expenditures 239,443 127,002 75.403 154,409 Stockholders' equity per share 18.54 17.15 14.91 12.83 Cash dividends paid per share 1.12 0.95 0.68 0.66 Calculate the 2011 Return on Equity for Tiffany and Company (using the financial statement provided to you). The correct answer is: 71.8% 18.7% 17.8% 81.7% Calculate the 2011 Debt to Asset ratio for Tiffany and Company (using the financial statement provided to you). The correct answer is: 17.1% 5.3% 12.5% 24.6% Calculate the 2011 Operating Profit Margin for Tiffany and Company (using the financial statement provided to you). The correct answer is: 19% 45% 54% 91%