Prepare a common sized income statement and balance sheet for the most recently reported fiscal year.( for
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Question:
Prepare a “common sized” income statement and balance sheet for the most
recently reported fiscal year.( for Nordstorm Inc.) for the last three year.
Income Statement
All numbers in thousands
Revenue | 2/2/2019 | 2/3/2018 | 1/28/2017 | 1/30/2016 |
Total Revenue | 15,860,000 | 15,478,000 | 14,757,000 | 14,437,000 |
Cost of Revenue | 10,155,000 | 9,890,000 | 9,440,000 | 9,333,000 |
Gross Profit | 5,705,000 | 5,588,000 | 5,317,000 | 5,104,000 |
Operating Expenses | ||||
Research Development | - | - | - | - |
Selling General and Administrative | 4,796,000 | 4,662,000 | 4,315,000 | 3,957,000 |
Non Recurring | - | - | - | - |
Others | - | - | - | - |
Total Operating Expenses | 14,951,000 | 14,552,000 | 13,755,000 | 13,290,000 |
Operating Income or Loss | 909,000 | 926,000 | 1,002,000 | 1,147,000 |
Income from Continuing Operations | ||||
Total Other Income/Expenses Net | -176,000 | -136,000 | -318,000 | -171,000 |
Earnings Before Interest and Taxes | 909,000 | 926,000 | 1,002,000 | 1,147,000 |
Interest Expense | -119,000 | -141,000 | -122,000 | -112,000 |
Income Before Tax | 733,000 | 790,000 | 684,000 | 976,000 |
Income Tax Expense | 169,000 | 353,000 | 330,000 | 376,000 |
Minority Interest | - | - | - | - |
Net Income From Continuing Ops | 564,000 | 437,000 | 354,000 | 600,000 |
Non-recurring Events | ||||
Discontinued Operations | - | - | - | - |
Extraordinary Items | - | - | - | - |
Effect Of Accounting Changes | - | - | - | - |
Other Items | - | - | - | - |
Net Income | ||||
Net Income | 564,000 | 437,000 | 354,000 | 600,000 |
Preferred Stock And Other Adjustments | - | - | - | - |
Net Income Applicable To Common Shares | 564,000 | 437,000 | 354,000 | 600,000 |
Balance Sheet
All numbers in thousands
Period Ending | 2/2/2019 | 2/3/2018 | 1/28/2017 | 1/30/2016 |
Current Assets | ||||
Cash And Cash Equivalents | 957,000 | 1,181,000 | 1,007,000 | 595,000 |
Short Term Investments | - | - | - | - |
Net Receivables | 148,000 | 145,000 | 199,000 | 196,000 |
Inventory | 1,978,000 | 2,027,000 | 1,896,000 | 1,945,000 |
Other Current Assets | - | - | - | - |
Total Current Assets | 3,374,000 | 3,503,000 | 3,242,000 | 3,014,000 |
Long Term Investments | - | - | - | - |
Property Plant and Equipment | 3,921,000 | 3,939,000 | 3,897,000 | 3,735,000 |
Goodwill | 249,000 | 238,000 | 238,000 | 435,000 |
Intangible Assets | - | - | - | - |
Accumulated Amortization | - | - | - | - |
Other Assets | 342,000 | 435,000 | 481,000 | 514,000 |
Deferred Long Term Asset Charges | - | - | - | - |
Total Assets | 7,886,000 | 8,115,000 | 7,858,000 | 7,698,000 |
Current Liabilities | ||||
Accounts Payable | 1,469,000 | 1,409,000 | 1,340,000 | 1,324,000 |
Short/Current Long Term Debt | 8,000 | 56,000 | 11,000 | 10,000 |
Other Current Liabilities | 1,324,000 | 1,246,000 | 1,223,000 | 1,161,000 |
Total Current Liabilities | 3,381,000 | 3,289,000 | 3,029,000 | 2,911,000 |
Long Term Debt | 2,677,000 | 2,681,000 | 2,763,000 | 2,795,000 |
Other Liabilities | 955,000 | 1,168,000 | 1,196,000 | 1,121,000 |
Deferred Long Term Liability Charges | - | - | - | - |
Minority Interest | - | - | - | - |
Negative Goodwill | - | - | - | - |
Total Liabilities | 7,013,000 | 7,138,000 | 6,988,000 | 6,827,000 |
Stockholders' Equity | ||||
Misc. Stocks Options Warrants | - | - | - | - |
Redeemable Preferred Stock | - | - | - | - |
Preferred Stock | - | - | - | - |
Common Stock | 3,048,000 | 2,816,000 | 2,707,000 | 2,539,000 |
Retained Earnings | -2,138,000 | -1,810,000 | -1,794,000 | -1,610,000 |
Treasury Stock | -37,000 | -29,000 | -43,000 | -58,000 |
Capital Surplus | - | - | - | - |
Other Stockholder Equity | -37,000 | -29,000 | -43,000 | -58,000 |
Total Stockholder Equity | 873,000 | 977,000 | 870,000 | 871,000 |
Net Tangible Assets | 624,000 | 739,000 | 632,000 | 436,000 |
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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