User Account

All Pages

Evaluate the sales performance of knauss supermarkets

Assignment Help Accounting Basics
Reference no: EM131567648

Problem - Shown below is information from the financial reports of Knauss Supermarkets for the past few years.

2016 2015 2014

net sales(in millions) $5,495 $5,184 $4,800

number of stores 448 445 430

square feet of selling space(in millions) 11.9 11.1 10.0

Average net sales of comparable stores ( in million) $10.8 $11.0 $11.4

Instructions -

a. Calculate the following statistics for knauss supermarkets (round your answers to one decimal place):

1. the percentage change in net sales from 2014 to 2015 and 2015 to 2016. Hint: the percentage change is computed by dividing the dollar amount of the change between years by the amount of the base year. For example, the percentage change in net sales from 2014 to 2015 is computed by dividing the difference between 2014 to 2015 net sales by the amount of 2014 net sales, or ($5,184- $4,800)/$4,800=8% increase.

2. the percentage change in net sales per square foot of selling space from 2014 to 2015 and 2015 to 2016.

3. the percentage change in comparable store sales from 2014 to 2015 and 2015 to 2016.

b. Evaluate the sales performance of knauss supermarkets.

Reference no: EM131567648

Questions Cloud

Review the case study of everest deluxe world travel : Everest Deluxe World Travel has decided to advertise in the Sunday editions of two major newspapers in town. These advertisements are directed at three groups.
Compute the amount of the cost of goods sold in year : Boston bait shop uses a periodic inventory system. Compute the amount of the cost of goods sold in year 2
Recruit to fill your nursing position needs : Describe how you would creatively recruit to fill your nursing position needs in this marketplace where there is a current undersupply of nurses.
Would there be any violation of the defendants rights : Would there be any violation of the defendant's rights?What rights does Cynthia have against her boyfriend under civil law and under criminal law?
Evaluate the sales performance of knauss supermarkets : Calculate the following statistics for knauss supermarkets the percentage change in net sales. Evaluate the sales performance of knauss supermarkets
Prepare an autobiographical and professional note : Prepare an autobiographical and professional note about the expert that you will present to your lawyer for approval.
Five key areas of human resource management : What do you feel are five key areas of human resource management that all managers (non-HR managers) should have knowledge of so that they can do their jobs.
How much money will be in her account if she retires : When she is 30, Sue starts making annual deposits of $2150 into a bond fund that pays 5 percent annual interest compounded continuously.
How the vision statement of the corporation influence : Strategic Management and Strategic Competitiveness- Assess how the vision statement and mission statement of the corporation influence its overall success.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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