Question : 170.Using the following information from an annual report, prepare a : 1244263

 

170.Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 20×7. (Round percentage answers to one decimal place.)

 

 

  (In millions)

Net sales

$11,862

Cost of sales

    8,321

Gross margin

$  3,541

Selling, general, and administrative expenses

$  2,743

Depreciation, amortization, and asset write-offs

       278

Total operating expenses

$  3,021

Income from operations

$     520

Interest expense

(91)

Interest and other income

         11

Earnings before income taxes

$     440

Income taxes

       161

Net earnings

$     279

 

 

 

 

 

 

 

 

 

 

June 30, 20×7

% of Net Sales*

 

(In millions)

(In millions)

Net sales

 

 

Cost of sales

 

 

Gross margin

 

 

Selling, general, and administrative expenses

 

 

Depreciation, amortization and asset write-offs

 

 

Total operating expenses

 

 

Income from operations

 

 

Interest expense

 

 

Interest and other income

 

 

Earnings before income taxes

 

 

Income taxes

 

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

171.Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20×7. (Round percentage answers to one decimal place.)

 

 

June 30, 20×7

 

(In millions)

Cash and cash equivalents

$   584

Accounts and other receivables

182

Merchandise inventories

2,027

Prepaid expenses and other current assets

       80

Total current assets

$2,873

Real estate, net

$2,342

Other, net

  2,113

Total property and equipment

$4,455

Goodwill, net

$   374

Other assets

     651

Total assets

$8,353

 

Short-term borrowings

$   278

Accounts payable

1,617

Accrued expenses and other current liabilities

836

Income taxes payable

     107

Total current liabilities

$2,838

Long-term debt

$1,230

Deferred income taxes

362

Other liabilities

     243

Total liabilities

$4,673

Common stock

$     30

Additional paid-in capital

453

Retained earnings

4,757

Foreign currency translation adjustments

(137)

Treasury shares, at cost

(1,423)

Total stockholders’ equity

$3,680

Total liabilities and stockholders’ equity

$8,353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 20×7

% of Total Assets

 

(In millions)

(In millions)

Cash and cash equivalents

 

 

Accounts and other receivables

 

 

Merchandise inventories

 

 

Prepaid expenses and other current assets

 

 

Total current assets

 

 

Real estate, net

 

 

Other, net

 

 

Total property and equipment

 

 

Goodwill, net

 

 

Other assets

 

 

Total assets

 

 

 

 

% of Equities

Short-term borrowings

 

 

Accounts payable

 

 

Accrued expenses and other current liabilities

 

 

Income taxes payable

 

 

Total current liabilities

 

 

Long-term debt

 

 

Deferred income taxes

 

 

Other liabilities

 

 

Total liabilities

 

 

Common stock

 

 

Additional paid-in capital

 

 

Retained earnings

 

 

Foreign currency translation adjustments

 

 

Treasury shares, at cost

 

 

Total stockholders’ equity

 

 

Total liabilities and stockholders’ equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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