The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands):

Instructions
(a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2012 and 2011.
(b) Based on the ratios calculated in part (a), did Gildan's liquidity and profitability improve or deteriorate in 2012?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

See More Books

Question Posted: Jan 11, 2017 10:04 AM

See More Questions

The following information is available for Mildred Corporation for the year ended December 31, 2012: Cost of goods sold $205,000; Sales revenue $450,000; Other revenues and gains $50,000; and...
The following information is available for Best Appliance Inc.: Required Calculate the times interest earned ratio for 2014 and compare it to the industry average in Exhibit 18.11. Explain why it...
The following information is available for Washington Mills Corp. for 2012. Cash used to purchase treasury stock .............$ 48,100 Cash dividends paid .....................21,800 Cash paid for...
Consider the following function. def f(x): a = [] while x > 0: a.append(x) f(x-1) A new object of type list is created for each recursive invocation of f. True or False
Describe the general format of the statement of cash flows. How are cash inflows differentiated from cash outflows on this statement?
Make a table that lists each resistance to change behavior and specific strategies that you would recommend in order to resolve this behavior and overcome resistance to change. LO.1
Modeling foreign direct investment. Research published in the Journal of Economics and Finance (Vol. 41, 2017) used a time series regression model to examine the effect of international trade and...
Al Ordan Furniture Company manufactures only custom furniture and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but...
Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. Units Work in...
The Wisham family lives on a farm in South Georgia on which it produces a variety of crops and livestock, including pecans. It has 5 acres of pecan trees that yield approximately 1,000 pounds of...
Calabogie Camera Shop Ltd. reports the following cost and net realizable value information for its inventory at December 31: Instructions (a) Determine the lower of cost and net realizable value of...
The following comparative cost information is available for Kingswood Limited: __________Average Inventory ________Cost of Goods Sold FIFO ............. $222,500 ........................... $750,000...
Brown and Whincup perform consulting services related to e-commerce and information systems in Adelaide. The firm, which bills $187.50 per hour for services performed, is in a very tight local labour...
Write out the form of the partial fraction decomposition of the function (See Example ). Do not determine the numerical values of the coefficients. (If the partial fraction decomposition does not...
Below is the actual assignment information. Here is where you will submit your event for approval. It is not graded, but you will need it to be marked complete in order to submit your paper, so...
3. (20 points) A researcher is interested in whether the phonics method of teaching reading is more or less effective than the sight method, depending on what grade the child is in. Twenty children...
Let A and B be the matrices given below: -5 9 -7 A= 8 -1 -3 B=9 6 -1 8 -1 -7. 0 Perform the following matrix operations and enter the entries below: -4A = A-4B = 5A-3B=
The product business can be isolated into four principal classes: programming administrations, framework administrations, open source and SaaS. The accompanying depicts the classifications of...
Find the left- and right-hand limits of the function in Figure 1 at x = 0, 2, 4. State whether is left- or right continuous (or both) at these points. 2 y 2 3 5 X
Answer the following two independent questions. a. MM Corporation is considering several proposed investments for the coming budget year. MM produces electrical apparatus for industrial complexes....
Bank of Montreal (BMO) is Canada's fourth-largest bank. In 2011, it acquired a 100% interest in Marshall & Ilsley Corp., a mid-sized U.S. bank, for U.S. $4.1 billion. Instructions (a) BMO paid for...
Two brothers, Adam and Robert Merkle, began A&R Plumbing Ltd. (ARP), a private company, approximately five years ago. At the time, Adam had recently graduated from a business program with a...
Marham Roynold Ltd., a publicly traded company, owns and manages commercial and construction projects with a focus on environmentally friendly buildings. Marham Roynold needs advice on the proper way...
please help Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver...
A firm has 1000 shareholders, each of whom own $59 in shares. The firm uses $28000 to repurchase shares. What percentage of the firm did each of the remaining shareholders own before the repurchase,...
Vancouver Bank agrees to lend $ 180,000 to Surrey Corp. on November 1, 2020 and the company signs a six-month, 6% note maturing on May 1, 2021. Surrey Corp. follows IFRS and has a December 31 fiscal...

The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

2011 $553,068 568,311$332,542 1,948,2531,725,712 1,311,463 1,288,106 2012 2010 Inventory Net sales Cost of goods sold 1,552,128 947,206

Step by Step Answer:

a Inventory Turnover 2012 Days in Inventory 2012 Gro...View the full answer

Financial Accounting Tools for Business Decision Making

Students also viewed these Accounting questions