Question: Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from Five Below for its fiscal year ended February 2, 2019
Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from Five Below for its fiscal year ended February 2, 2019 ($ thousands). Noncash assets, end of year $609,449 Stockholders' equity, end of year (34,341) Cash from financing activities Cash from investing activities Cash, end of year 219,021 Total assets, beginning of year Total liabilities, end of year 293,338 Cost of goods sold (COGS) Revenue 1,356,820 Cash, beginning of year $535,132 (4,856) 605,266 865,196 98,022 Stockholders' equity, beginning of year 398,945 Total expenses, other than COGS and income tax 324,752 Cash from operating activities 160,196 Income tax expense 36,681 Required a. Prepare the income statement for the year ended February 2, 2019. Note: Do not use negative signs with any of your answers. Five Below Income Statement ($ thousands) For the year ended February 2, 2019 = $ b. Prepare the balance sheet as of February 2, 2019. Five Below Balance Sheet ($ thousands) February 2, 2019 = $ $ $ $ c. Prepare the statement of cash flows for the year ended February 2, 2019. Note: Use a negative sign with your answer to indicate cash was used by activities and/or a decrease in cash. Five Below Statement of Cash Flow ($ thousands) For the year ended February 2, 2019 = $ Cash from investing activities Cash from financing activities d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). g. Compute ROE. For the year ended repruary 2, 2013 = $ Cash from investing activities Cash from financing activities 6A $ d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). g. Compute ROE. Notes: Round ROA, PM, & ROE to one decimal place (ex: 10.5%) Round Asset turnover to two decimal places (0.33) ROA 96 PM 96 AT ROE 96
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
