Calculate the following for the year ended January 29 2022 and January 30 2021
A.
i) Gross profit ratio
ii) Profit margin
iii) Return on assets
iv) Asset turnover
(Additional information: The balance of total assets on February 1 2020 was $13,679 million)
B.
i) Receivables turnover ratio
ii) Average collection period
iii) Inventory turnover ratio
iv) Average days in inventory
v) Current ratio and acid test ratio
vi) Debt to equity ratio
(Additional information: The balance of accounts receivable on February 1 2020 was $316
million. The balance of inventory on February 1 2020 was $2,156 million.

  

 

 

Transcribed Image Text:

($ and shares in millions except par value) ASSETS Current assets: Cash and cash equivalents Short-term investments Merchandise inventory Other current assets Total current assets Property and equipment, net of accumulated depreciation Operating lease assets Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other current liabilities Current portion of operating lease liabilities Income taxes payable Total current liabilities Long-term liabilities: Long-term debt Long-term operating lease liabilities Other long-term liabilities Total long-term liabilities Commitments and contingencies (see Note 15) Stockholders' equity: Common stock $0.05 par value Authorized 2,300 shares for all periods presented; Issued and Outstanding 371 and 374 shares Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity $ January 29, 2022 877 $ - 3,018 1,270 5,165 3,037 3,675 884 12,761 $ 1,951 $ 1,367 734 25 4,077 1,484 4,033 445 5,962 19 43 2,622 38 2,722 12,761 $ January 30, 2021 1,988 410 2,451 1,159 6,008 2,841 4,217 703 13,769 1,743 1,276 831 34 3,884 2,216 4,617 438 7,271 19 85 2,501 9 2,614 13,769 ($ and shares in millions except par value) ASSETS Current assets: Cash and cash equivalents Short-term investments Merchandise inventory Other current assets Total current assets Property and equipment, net of accumulated depreciation Operating lease assets Other long-term assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other current liabilities Current portion of operating lease liabilities Income taxes payable Total current liabilities Long-term liabilities: Long-term debt Long-term operating lease liabilities Other long-term liabilities Total long-term liabilities Commitments and contingencies (see Note 15) Stockholders' equity: Common stock $0.05 par value Authorized 2,300 shares for all periods presented; Issued and Outstanding 371 and 374 shares Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity $ January 29, 2022 877 $ - 3,018 1,270 5,165 3,037 3,675 884 12,761 $ 1,951 $ 1,367 734 25 4,077 1,484 4,033 445 5,962 19 43 2,622 38 2,722 12,761 $ January 30, 2021 1,988 410 2,451 1,159 6,008 2,841 4,217 703 13,769 1,743 1,276 831 34 3,884 2,216 4,617 438 7,271 19 85 2,501 9 2,614 13,769

Answer rating: 100% (QA)

A Ratios for the year ended January 29 2022 and January 30 2021 i Gross profit ratio For the year ended January 29 2022 Gross profit ratio Gross profit Net sales 6637 million 16670 million 398 For the ... View the full answer