Use the data provided in the attached excel spreadsheet

Assignment Help Accounting Basics
Reference no: EM131018306

2012 FINANCIAL DATA FOR SELECTED GROCERS

Data are in $Millions

         

INCOME STATEMENT

Whole Foods

Safeway

Publix

Kroger

Sales

11698

44207

27707

96751

Cost of Goods sold

7543

32487

19911

76858

     Gross profit

4155

11720

7796

19893

Direct store expenses

2983

   

2280

General & administration expenses

372

10616

5631

14849

Pre-opening expenses

47

     

Relocation/termination/lease termination

10

     

     Operating Income

743

1104

2165

2764

Interest Expense/Income

0.354

304

88

462

Investment and other income

9

28

49

 

     Income before taxes

752

828

2302

2302

Provision for taxes

286

262

750

794

     Net income

466

566

1552

1508

         
         

BALANCE SHEET

       

Current Assets:

       

Cash and cash equivalents

89

352

337

1193

Short-term investments

1131

 

797

 

Restricted cash

103

     

Accounts receivable

197

909

519

1051

Merchandise inventories

374

2562

1409

5146

Prepaid expenses and other current assets

77

345

29

569

Deferred income taxes

132

 

58

 

     Total current assets

2103

4168

3149

7959

Property and equipment, net

2193

9225

4691

14875

Long-term investments

221

192

4236

 

Goodwill

663

472

 

1234

Intangible assets, net

62

     

Deferred income taxes

43

     

Other assets

9

601

203

584

     Total Assets

5294

14658

12279

24652

         

Current liabilities:

       

Current installments of capital leases

1

36

 

2734

Accounts payable

247

3125

1307

4524

Accrued payroll

307

461

109

977

Deferred taxes

 

46

 

284

Dividends payable

26

     

Other current liabilities

396

938

804

2538

     Total current liabilities

977

4606

2220

11057

Long-term capital leases

23

412

 

6145

Long-term Debt

 

4832

153

1145

Deferred Taxes

 

179

327

800

Deferred retirement benefits

 

915

330

1291

Deferred lease liabilities

441

     

Other long-term liabilities

51

782

118

 

     Total liabilities

1492

11726

3148

20438

Retained earnings

1233

7610

6641

 

     Total shareholder's equity

3802

2932

9131

4214

    Total liabilities and shareholder's equity

5294

14658

12279

24652

Question: Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis. You must use common-sized statements and ratios and your analysis must be both longitudinal and cross-sectional. Additionally, you should give compound annual growth rates for key categories (such as revenue, but you must decide which others will contribute to your understanding of the company). Use tables to display your results, but include a narrative to explain what your tables reveal.

Reference no: EM131018306

Questions Cloud

Bandstra coporation had a book balance in its cash account : At March 31, Bandstra Co. had a book balance in its cash account of $5,500. At the end of March the company determined that it had outstanding checks of $900, deposits in transit of $600, a bank service charge of $20, and an NSF check from a customer..
What are the biological and behavioral adaptations : What are the biological and behavioral adaptations that allowed for the increase of human brain size?How has our diet changed over the past 2 million years, and how do we know?
Determine the percent saturation of hemoglobin in tissue : Determine the percent saturation of hemoglobin in tissue at normal temperature and at 43 degree?
What is retained earnings where do retained earnings come : What are organizational Expenses? Give a few examples. What is retained earnings? Where do retained earnings come from. Is retained earnings the same thing as cash? What is cumulative preferred stock?
Use the data provided in the attached excel spreadsheet : Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis.
Compute the cost of the units transferred to the next : Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Construct the cash flow statement for the year 2014 : Construct the cash flow statement for the year 2014
Ajax had average costs per unit of 10 when sales equaled : Ajax had average costs per unit of $10 when sales equaled 10,000 units and average costs per unit of $6.50 when sales equaled 24,000 units. Ajax had total costs of $50,000 when 5,000 units were sold. When sales equaled 12,000 units, total costs were ..
Assume that the company uses the weighted average method : Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Our company issued callable bonds on january 1 2013 the

our company issued callable bonds on january 1 2013. the price of the bonds was 207020 and the face value of the bonds

  Determine the book value of the goodwill on december

Determine the book value of the goodwill on December 31, 2007, prior to making the im- pairment adjusting entry. Record the goodwill impairment adjusting entry for December 31, 2007.

  Partnership tax year and limited liability partnerships

The IRC restricts the choices for a partnership's tax year to prevent the deferral of tax. This causes most partnerships to adopt a calendar year for tax reporting. From the e-Activity, create a scenario using a fiscal tax year which allows a part..

  Lund products inc uses a predetermined overhead rate in its

lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is

  Relative attractiveness of three alternatives

In the first set of calculations, the staff used a discount rate of 20 percent, a five-year time horizon, and ignored taxes and terminal value. What is the relative attractiveness of these three alternatives?

  Prepare a well-written memorandum to your senior manager

Prepare a well-reasoned, well-written memorandum to your senior manager addressing the appropriate issues for consideration and then make a recommendation for the best legal structure for Jim's business.

  The questions that follow are based on rule 101 of the

the questions that follow are based on rule 101 of the aicpa code of the professional conduct as it relates to

  You work as an accountant for a small land development

you work as an accountant for a small land development company that desperately needs additional financing to continue

  What is the interest rate in purchase transaction

What is the interest rate, to the nearest percent, used in discounting this purchase transaction?

  The treasury department issues two types of regulations

the treasury department issues two types of regulations interpretative and legislative. compare and contrast

  Which of the following describes the differences between

which of the following describes the differences between job-order and process costing?job-order costing is used in

  Amount of indirect manufacturing costs for year

Company assembles computers from components supplied by various manufactures. Listed below are the costs incurred by the company this year: What is the amount of indirect manufacturing costs for the year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd