Answered step by step
Verified Expert Solution
Question
1 Approved Answer
THIS QUESTIONS HAS BEEN UPDATED: 1. Calculate ROE for January 30, 2016 and January 31, 2015. Round to 1 decimal place. ( Total stockholders equity
THIS QUESTIONS HAS BEEN UPDATED:
1. Calculate ROE for January 30, 2016 and January 31, 2015. Round to 1 decimal place. (Total stockholders equity at 2/01/14 amounted to $901,427 in thousands)
2. Calculate the price to earnings ratio for 2016 and 2015. Market price per share was $38.78 at 01/30/16 and $41.91 at 01/31/15. Round to 1 decimal place.
3. Calculate the gross profit ratios for 2016, 2015, and 2014. Round to 1 decimal place.
BIG LOTS, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except par value) January 30, 2016 January 31, 2015 ASSETS Cash and cash equivalents 849,982 Other current assets $2,261 851,669 95.34s Total current assets 99432 999,275 Property and equipment - not Deferred income taxes Other assets Total assets SS9,924 SSOSSS 47,739 46,293 38,275 39,768 1,640,370s 1,635.89. LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Property, payroll, and other taxes Accrued operating expenses 382,27ms 76,368 81,786 358,932 76,924 Accrued salaries and wages Income taxes payable Total current liabilities Longterm obligations Deferred rent 62,955 38,824 47,878 24,936 678,448 87,829 62,300 59,454 $8,359 17,789 43,550 65,930 $5.606 Unrecognized tax benefits Other liabilities Shareholders' equity: Preferred shares - authorized 2,000 shares, $0.01 par value, none issued Common shares - authorized 298,000 shares; $0.01 par value, issued 117,49s shares outstanding 49,101 shares and 52,912 shares, respectively Treasury shares - 68,394 shares and 64,583 shares, respectively, at cost Additional paid-in capital Retained caming Accumulated other comprehensive loss Total shareholders' equity Total liabilities and shareholders' equity 1788s 56988 1,175 (2063,09) $83,124 2,210,239 (15,977) 720,470 1,175 (1,878,523) $74454 2,107,100 (14,656) 789.SSO 1,640,370 .63,891 The accompanying notes are an integral part of these consolidated financial statementsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started