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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, (Percent of Net Sales) 2019 $ Change % Change $ Change % Change 2021 2020 5,750 $ 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 460 333 575 Selling, General and Administrative Expense 12 22 35 Other Operating Expense (Income), Net OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense NET INCOME EARNINGS PER SHARE Calculate the following for: 2021 2020 Formulas/Links: n/a n/a Gross Profit Margin (percentage) Net Profit Margin (percentage) n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, (Percent of Net Sales) 2019 $ Change % Change $ Change % Change 2021 2020 5,750 $ 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 460 333 575 Selling, General and Administrative Expense 12 22 35 Other Operating Expense (Income), Net OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense NET INCOME EARNINGS PER SHARE Calculate the following for: 2021 2020 Formulas/Links: n/a n/a Gross Profit Margin (percentage) Net Profit Margin (percentage) n/a n/a Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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OFF AutoSave Data Review View O Tell me Draw Page Layout Formulas ome Insert x v fx R T. K L M D F B A UBERCRUMMIE & FRITCH CO. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, $ Change % Change (Percent of Net Sales) 2020 2019 $ Change % Change 2021 5,750 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 333 575 Selling, General and Administrative Expense Other Operating Expense (Income), Net 460 12 22 35 OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense 1 NET INCOME $ 24 $ 2 EARNINGS PER SHARE 3 Formulas/Links: n/a n/a Calculate the following for: 2021 2020 24 Gross Profit Margin (percentage) n/a 25 n/a 26 Net Profit Margin (percentage) 27 28 Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021: 29 30 31 32 33 Sales prices increased and unit costs of inventory decreased Sales prices decreased and unit costs of inventory increased Sales quantity increased and goods sold decreased Sales quantity decreased and goods sold increased Twn nf morenftheseare nnssihle exnlanations Instructions 34 35 36 37 38 A Income Statements A Balance Sheets Ready Solivio 2021-02...1.55 PM Samantha O English Quiz Transcript.pdf M13A1 IM
Transcribed Image Text:OFF AutoSave Data Review View O Tell me Draw Page Layout Formulas ome Insert x v fx R T. K L M D F B A UBERCRUMMIE & FRITCH CO. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Common-Size Analysis Trend Analysis (In millions, except share and per share amounts) 2019-2020 2021 2020 2020-2021 Fiscal Years Ended December 31, $ Change % Change (Percent of Net Sales) 2020 2019 $ Change % Change 2021 5,750 4,440 $ 6,095 Net sales 3,840 3,132 3,840 Cost of Goods Sold GROSS PROFIT 1,150 777 1,035 Stores and Distribution Expense 333 575 Selling, General and Administrative Expense Other Operating Expense (Income), Net 460 12 22 35 OPERATING INCOME (1) (4) (2) Interest Income (Expense) OPERATING INCOME BEFORE TAXES 115 78 230 Income Tax Expense 1 NET INCOME $ 24 $ 2 EARNINGS PER SHARE 3 Formulas/Links: n/a n/a Calculate the following for: 2021 2020 24 Gross Profit Margin (percentage) n/a 25 n/a 26 Net Profit Margin (percentage) 27 28 Select the possible explanations for the change in the Gross Profit Margin from 2020 to 2021: 29 30 31 32 33 Sales prices increased and unit costs of inventory decreased Sales prices decreased and unit costs of inventory increased Sales quantity increased and goods sold decreased Sales quantity decreased and goods sold increased Twn nf morenftheseare nnssihle exnlanations Instructions 34 35 36 37 38 A Income Statements A Balance Sheets Ready Solivio 2021-02...1.55 PM Samantha O English Quiz Transcript.pdf M13A1 IM
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