Calculate the Sales Growth of the most recent year. Enter answer as decimal (not percent. Example: .1234 is ok, 12.34% is not ok). Balance SheetsAnnual Financials for Target Corp.AssetsFiscalyearis February-lanuary. Allvalues USD milios.201820192020Cash & Short Term Investments2,840 1,5802,580Total Accounts Receivable929 1,100Bad Debt/Doubtful AccountsOther Receivables513832Inventories8,600 9,5008,990Progress Payments & OtherOther Current Assets3713681,330Miscellaneous Current Assets2142091,330Total Current Assets12,540 12,520 12,900Net Property, Plant & Equipment26,420 27,500 28,520Property, Plant & Equipment- Gross 44,820 46, 190 48, 180BuildingsLand & Improvements28,130 29,240 30,0006,100 6,0606,040Computer Software and Equipment2,650 2,5402,890Other Property, Plant & Equipment5,620 5,9106,080Accumulated Depreciation18,400 18,690 19,680Total Investments and Advances383380Other Long-Term Investments383380Long-Term Note ReceivableIntangible AssetsNet Goodwill709899830в33Net Other Intangi ble7968Other Assets2511941,300Tangible Other Assets2051831,360Total Assets40,300 41,290 42,780Liabilities & Shareholders' EquityST Debt & Current Portion LT Debt2,018 2,0192,0204291,220181Short Term Debt148166Current Portion of Long Term DebtAccounts Payable2811,0501818,880 9,7809,920Income Tax PayableOther Current Liabilities3,950 4,0404,410Dividends Payable336331Accrued Payroll1,350 1,370Miscellaneous Current Liabilities2,260 2,3304.410Total Current Liabilities13,050 15,010 14,490Long-Term DebtProvision for Risks & Charges13,040 12,230 13,6104140Deferred Taxes6939721,120Other Liabilities1,830 1,7401,720Total Liabilities28,850 29,990 30,950Common Equity (Total)11,850 11,300 11,830Common Stock Par/Carry Value454342Retained Earnings8,500 8,0208,430-13-20Cumulative Adjus t/Unrealized For. Exch. GainUnrealized Gain/Loss Ma rketable SecuritiesTreasury StockTotal Shareholders' Equity11,850 11,300 11,830Accumulated Minority InterestTotal Equity11,650 11,300 11,830Liabilities & Shareholders' Equity40,300 41,290 42,780 Annual Financials for Target Corp.INCOME STATEMENTSFiscal year is FebJan. All values USD millions.201820192020Sales/Revenue72,710 75,360 78,110Cost of Goods Sold (COGS) incl. D&A 53,350 55,520 57,220COGS excluding D&A50,870 53,050 54,620Depreciation & Amortization Expense2,480 2,470 2,600Depreciation2,460 2,460Amortization of Intangibles1414Gross Income19,360 19,830 20,890SG&A Expense15,050 15,630 16,230Research & DevelopmentOther SG&A15,050 15,630Other Operating ExpenseUnusual ExpenseEBIT after Unusual Expense2059510-205 4,110 4.650Non Operating Income/ExpenseNon-Operating Interest IncomeEquity in Affiliates (Pretax)59289Interest Expense539459467Gross Interest ExpenseInterest Capitalized539459487Pretax Income3,630 3,680 4,190Income Tax722748921Consolidated Net Income2,910 2,930 3,270Minority Interest ExpenseNet Income (before extraord & Pref Div) 2,910 2,930 3,270Ertraordinaries & Discontinued Operations712Net Income After Extraordinaries2.910 2,940 3,280Preferred DividendsNet Income Available to Common2,910 2,940 3,280EPS (Basic)Basic Shares OutstandingEPS (Diluted)Diluted Shares Outstanding5475295116550533516EBITDA6,790 6,680 7,260

Sales is the revenue which a company has earned during the year by way of providing the services or…

Answered: Calculate the Sales Growth of the most…

Business

Accounting

Calculate the Sales Growth of the most recent year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prepare a horizontal analysis of Nebraska Technologies's income statements. For decreases or negative numbers use a minus sign. Round percentages to one decimal place. Year 1 Increase (Decrease) Percent Favorable/Unfavorable 1 2 3 4 5 6 7 Sales Wage expense Rent expense Utilities expense Total operating expenses Net income Year 2 $158,400.00 $80,000.00 28,000.00 30,000.00 $138,000.00 $162,500.00 $92,500.00 30,000.00 25,000.00 $147,500.00 $20,400.00 $15,000.00
Required: 1. Complete the following columns for each item in the comparative financial statements (Negative answers shoul be indicated by a minus sign. Round percentage answers to 2 decimal places, i.e., 0.1243 should be entered as 12.43.): Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings: Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings $ 45,770 38,650 7,120 4,020 3,100 1,050 $ 2,050 Statement of financial position: Cash (4,720) Accounts receivable (net) (4,220) Inventory 6,200 Property, plant, and equipment (net) 6,380 $ 3,640 Current liabilities (3,840) Long-term debt 3,530 Common shares 0 Retained earnings 3,950 $ 3,640
The fitted regression is Sales = 920 - 27.5 Price. (0-1) If Price = 1, what is the prediction for Sales? (Round your answer to 1 decimal place.) Sales (a-2) Choose the correct statement. A decrease in price decreases sales. O An increase in price increases sales. O An increase in price decreases sales. (b) If Price = 23, what is the prediction for Sales? (Round your answer to the nearest whole number.) Sales (c) Choose the right option. The intercept is meaningful as sales will be maximized when price is zero. O The intercept is not meaningful as a zero price is both unrealistic and unobserved.
If Year 1 sales equal $830, Year 2 sales equal $913, and Year 3 sales equal $1130, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 110%. 136%. 91%. 124%. eTextbook and Media
Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Reason for Income Decline in Net Statement Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % Sales 2$ 750,000 $ 690,000 Cost of goods sold 560,000 288,800 Gross profit 190,000 401,200 Operating expenses 129,200 219,200 Net income $ 60,800 $ 182,000 Income Statement Reason for Decline in Net Income >
The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue $142,000 $112,000 Cost of Goods Sold 61,000 53,000 Operating Expenses Interest Expense 40, 200 33,200 4,700 4,700 Income Tax Expense 6, 200 29,900 5,200 Net Income 15,900 Balance Sheet Current Assets 127,000 107,000 Plant, Property and Equipment, Net Current Liabilities 110,000 117,000 51,000 44,000 49,000 131,000 224,000 49,000 Long-Term Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity 137,000 237,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from t current year? Multiple Choice
Express the following comparative income statements in common-size percents. C esponsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. Sales Cost of goods sold Gross profit Operating expenses Net Income GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year % 100.0 Current Year S $ $ 740,000 568,100 171,900 128,000 43,900 Prior Year $ $ $ 690,000 291,000 399,000 226,400 172,600 Prior Year % Reason for Decline in Not Ing
Compute increases (decreases) in percents for both Years 6 and 7 by entering all the missing data in the table below. Analyze and interpret any significant results revealed from this trend analysis.
Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % Sales $ 725,000 100.0 $ 665,000 Cost of goods sold 562,700 1.0 291,000 Gross profit 162,300 0.4 374,000 Operating expenses 129,200 268,400 Net income 33,100 $ 105,600 Income Statement Reason for Decline in Net Income >
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