Calculate the current-period financial statement items expressed as a percentage of the base amount for the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Calculate the current-period financial statement items expressed as a percentage of the base amount for the last two years. In other words, use this relationship: Common-Size Percentage = (comparison amount/base amount) NOTE: these fields are formatted as percentages, there is no need to multiply the percent change by 100 to convert the figure to a percentage. 3) For asset accounts, use total assets as the base amount. For liability or equity accounts, use total liabilities and stockholders' equity as the base amount. For income statement accounts, use net sales as the base amount. 4) Reference the raw financial numbers tab and use excel equations to complete this section. NO numbers should be directly typed in. 5) Do NOT google the answer and type it in the box! Doing so will earn ZERO points. Students are being graded both on their ability to use excel as well as their ability to use what they've learned in class to complete this assignment. Table C: Vertical Analysis Autozone, Inc. Income Statement Items Net Income Cost of goods sold Balance Sheet Items Current Assets Property, Plant, and Equipment (net) Current Liabilities Long-term Liabilities Stockholders' Equity 2021 2020 31.40% 13.72% 47.25% 46.40% Company Name Financial Statement Year: Scaler for values 2021 no scaler Autozone, Inc. Table A: Raw Inputs Autozone, Inc. 2021 2020 2019 Balance Sheet Items Cash Short-term Investments* Accounts Receivable Inventory Current Assets 1,171,335 225,763 1,750,815 223,001 378,392 364,774 308,995 4,639,813 4,473,282 4,319,113 6,415,303 6,811,872 Property, Plant, and Equipment (net) 4,856,891 4,509,221 Total Assets Current Liabilities 14,516,199 14,423,872 9,895,913 7,369,754 6,283,091 Long-term Liabilities 8,943,981 9,018,758 Total Liabilities 16,313,735 15,301,849 Stockholders' Equity (1,797,536) (877,977) (1,713,851) Total Liabilities and Stockholders' Equity 14,516,199 14,423,872 Weighted Average Shares Outstanding** 22,799 24,093 25,498 Income Statement Items Net Sales Cost of Goods Sold Gross Profit *** Other Operating Expenses* Net Income Interest Expense 14,629,585 12,631,967 11,863,743 6,911,800 5,861,214 5,498,742 7,717,785 6,770,753 4,773,258 4,353,074 4,148,864 2,170,314 1,732,972 195,337 201,165 578,876 483,542 Income Tax Expense Statement of Retained Earnings Total Cash Dividends Preferred Stock Cash Dividends Common Stock Cash Dividends 0 0 0 0 0 0 Cash Flow Statement Net Cash Provided by Operating Activities 3,518,543 Capital Expenditures (621,767) 2,720,108 (457,736) Other Market Price Per Share 0.01 0.01 * Short term investments are assets that can be readily converted into cash. Examples of these instruments are money market funds and marketable securities. In the current asset section of the balance sheet, these items are usually listed directly after cash if the company has them. ** Weighted average shares outstanding is disclosed at the bottom of the income statement. Be sure to use the "basic" figure rather than the "diluted" figure. *** Other operating expenses refers to the total of all operating expenses, excluding cost of goods sold. Calculate the current-period financial statement items expressed as a percentage of the base amount for the last two years. In other words, use this relationship: Common-Size Percentage = (comparison amount/base amount) NOTE: these fields are formatted as percentages, there is no need to multiply the percent change by 100 to convert the figure to a percentage. 3) For asset accounts, use total assets as the base amount. For liability or equity accounts, use total liabilities and stockholders' equity as the base amount. For income statement accounts, use net sales as the base amount. 4) Reference the raw financial numbers tab and use excel equations to complete this section. NO numbers should be directly typed in. 5) Do NOT google the answer and type it in the box! Doing so will earn ZERO points. Students are being graded both on their ability to use excel as well as their ability to use what they've learned in class to complete this assignment. Table C: Vertical Analysis Autozone, Inc. Income Statement Items Net Income Cost of goods sold Balance Sheet Items Current Assets Property, Plant, and Equipment (net) Current Liabilities Long-term Liabilities Stockholders' Equity 2021 2020 31.40% 13.72% 47.25% 46.40% Company Name Financial Statement Year: Scaler for values 2021 no scaler Autozone, Inc. Table A: Raw Inputs Autozone, Inc. 2021 2020 2019 Balance Sheet Items Cash Short-term Investments* Accounts Receivable Inventory Current Assets 1,171,335 225,763 1,750,815 223,001 378,392 364,774 308,995 4,639,813 4,473,282 4,319,113 6,415,303 6,811,872 Property, Plant, and Equipment (net) 4,856,891 4,509,221 Total Assets Current Liabilities 14,516,199 14,423,872 9,895,913 7,369,754 6,283,091 Long-term Liabilities 8,943,981 9,018,758 Total Liabilities 16,313,735 15,301,849 Stockholders' Equity (1,797,536) (877,977) (1,713,851) Total Liabilities and Stockholders' Equity 14,516,199 14,423,872 Weighted Average Shares Outstanding** 22,799 24,093 25,498 Income Statement Items Net Sales Cost of Goods Sold Gross Profit *** Other Operating Expenses* Net Income Interest Expense 14,629,585 12,631,967 11,863,743 6,911,800 5,861,214 5,498,742 7,717,785 6,770,753 4,773,258 4,353,074 4,148,864 2,170,314 1,732,972 195,337 201,165 578,876 483,542 Income Tax Expense Statement of Retained Earnings Total Cash Dividends Preferred Stock Cash Dividends Common Stock Cash Dividends 0 0 0 0 0 0 Cash Flow Statement Net Cash Provided by Operating Activities 3,518,543 Capital Expenditures (621,767) 2,720,108 (457,736) Other Market Price Per Share 0.01 0.01 * Short term investments are assets that can be readily converted into cash. Examples of these instruments are money market funds and marketable securities. In the current asset section of the balance sheet, these items are usually listed directly after cash if the company has them. ** Weighted average shares outstanding is disclosed at the bottom of the income statement. Be sure to use the "basic" figure rather than the "diluted" figure. *** Other operating expenses refers to the total of all operating expenses, excluding cost of goods sold.
Expert Answer:
Answer rating: 100% (QA)
Income Statement Items Net Income 2021 RAWB30 Net Income for 2021 RAWB29 Net Sales for 2021 1160 370... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
Students also viewed these finance questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
1. Can you explain why business majors apparently study less, on average, than students in other majors? 2. Can you explain why business students writing and reasoning skills apparently increase less...
-
In Case Study 12.2.1 test the hypothesis that the average of the heart rates for light and moderate smokers is the same as that for heavy smokers. Let the level of significance be 0.05.
-
According to a recent Pew Research Center Survey (December 2015), 15% of U.S. adults admitted they are "cord cutters," i.e., they canceled the cable/satellite TV service they once subscribed to. In a...
-
An electric motor, of mass \(60 \mathrm{~kg}\), rated speed \(3000 \mathrm{rpm}\), and an unbalance \(0.002 \mathrm{~kg}\)-m, is to be mounted on an isolator to achieve a force transmissibility of...
-
On October 1, 2012, the firm of Sams, Price, and Ladd decided to liquidate their partnership. The partners have capital balances of $54,000, $77,000, and $12,000, respectively. The cash balance is...
-
EXPLAIN DIFFERENT WAYS IN WHICH YOU CAN PREPARE FOR SPECIFIED ROLES related to HRM?
-
On June 1, 2021, Pat and Poi agreed to form a partnership and all non-cash assets will be recorded at fair market value. Pat had an existing business with the following accounts: Cash P50,000;...
-
Which command produces output such as the following? animal.puppy -> animal.dog. A. jdeps d zoo.animal.puppy.jar B. jdeps s zoo.animal.puppy.jar C. jmod d zoo.animal.puppy.jar D. jmod s...
-
Which statements about parallel streams are correct? (Choose two.) A. A parallel stream is always faster than a serial stream. B. The JVM will automatically apply a parallel stream operation to an...
-
What does the following output? A. [tire-][wheel-] B. tire-wheel C. None of the above. D. The code does not compile. Set set = new HashSet (); set.add("tire-"); List list = new LinkedList (); Deque...
-
Which functional interface, when filled into the blank, prevents the class from compiling? A. DoubleUnaryOperator B. Function C. IntToLongFunction D. UnaryOperator E. All of the above allow the code...
-
Given the following class, how many lines contain compilation errors? A. None. The code compiles as is. B. One. C. Two. D. Three. E. Four. F. Five. 1: package showtimes; 2: import java.util.*; 3:...
-
In the globalizing economy of the late 20th and early 21st centuries, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choice...
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
Find the flexibility and stiffness influence coefficients of the torsional system shown in Fig. 6.28. Also write the equations of motion of the system. (GJ)1 01 Compressor (GJ)2 (Jan) Turbine (142)...
-
Derive the flexibility matrix of the system shown in Fig. 5.42. 00000 2m 8(t) * 2m ellee x(t) m 00000 FIGURE 5.42 Rigid bar connected to masses and springs.
-
Derive the stiffness matrix of the system shown in Fig. 5.39. mo e(t) ellee k1 k2 lllll m x(t) FIGURE 5.39 Mass hanging from a pulley.
Study smarter with the SolutionInn App