a) Compute the following ratios for each company. Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%). Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for example: 0.452 = 0.5). Company Target Corp. Nike, Inc. Harley-Davidson Gross Profit/ Net Income/ Net Income/ Sales Sales Equity 0% 0% 0% 0% 0% 0% 0% 0% 0% Liabilities/ Equity 0 0 0

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Chapter1: Financial Statements And Business Decisions
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Comparing Operating Characteristics Across Industries
Following are selected income statement and balance sheet data for companies in different industries.
($ millions)
Target Corp.
Nike, Inc.
Harley-Davidson
Cisco Systems
Sales
$73,301
25,313
5,581
48,607
Company
Target Corp.
Nike, Inc.
Harley-Davidson
Cisco Systems
Cost of
Goods Sold
$50,568
14,279
3,222
19,167
0%
0%
0%
0%
Net
Income
$2,999
2,485
624
9,983
(a) Compute the following ratios for each company.
• Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%).
• Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for example: 0.452 = 0.5).
Gross Profit/ Net Income/ Net Income/
Sales
Sales
Equity
0%
0%
0%
0%
Assets
$48,163
17,584
9,171
101,191
0%
0%
0%
0%
Liabilities
$31,605
6,428
6,613
42,063
Liabilities/
Equity
Stockholders'
Equity
$16,558
11,156
2,558
59,128
0
0
0
0
Transcribed Image Text:Comparing Operating Characteristics Across Industries Following are selected income statement and balance sheet data for companies in different industries. ($ millions) Target Corp. Nike, Inc. Harley-Davidson Cisco Systems Sales $73,301 25,313 5,581 48,607 Company Target Corp. Nike, Inc. Harley-Davidson Cisco Systems Cost of Goods Sold $50,568 14,279 3,222 19,167 0% 0% 0% 0% Net Income $2,999 2,485 624 9,983 (a) Compute the following ratios for each company. • Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%). • Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for example: 0.452 = 0.5). Gross Profit/ Net Income/ Net Income/ Sales Sales Equity 0% 0% 0% 0% Assets $48,163 17,584 9,171 101,191 0% 0% 0% 0% Liabilities $31,605 6,428 6,613 42,063 Liabilities/ Equity Stockholders' Equity $16,558 11,156 2,558 59,128 0 0 0 0
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