Income Statement Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2025 Industry Russell Average Net Sales Revenue $ 783,000 100.0 % Cost of Goods Sold 526,176 65.8 Gross Profit 256,824 34.2 163,647 19.7 Operating Expenses Operating Income 93,177 14.5 7,047 0.4 Other Expenses $ 86,130 14.1 % Net Income Balance Sheet Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2025 Industry Russell Average Current Assets 331,240 70.9 % Property, Plant, and Equipment, Net 128,380 23.6 Intangible Assets, Net 7,350 0.8 23,030 4.7 Other Assets $ 490,000 100.0 % Total Assets Current Liabilities 226,870 48.1% Long-term Liabilities 111,720 16.6 Total Liabilities 338,590 64.7 151,410 35.3 Stockholders' Equity Total Liabilities and Stockholders' 490,000 100.0 % Cauit

Income Statement Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2025 Industry Russell Average Net Sales Revenue $ 783,000 100.0 % Cost of Goods Sold 526,176 65.8 Gross Profit 256,824 34.2 163,647 19.7 Operating Expenses Operating Income 93,177 14.5 7,047 0.4 Other Expenses $ 86,130 14.1 % Net Income Balance Sheet Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2025 Industry Russell Average Current Assets 331,240 70.9 % Property, Plant, and Equipment, Net 128,380 23.6 Intangible Assets, Net 7,350 0.8 23,030 4.7 Other Assets $ 490,000 100.0 % Total Assets Current Liabilities 226,870 48.1% Long-term Liabilities 111,720 16.6 Total Liabilities 338,590 64.7 151,410 35.3 Stockholders' Equity Total Liabilities and Stockholders' 490,000 100.0 % Cauit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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