1 In fiscal year 2019, Walmart Inc. (WMT) reported annual revenue of $523.96 billion, gross profit of $129 36 billion, and net income of $14 88 billion Costco Wholesale Corporation (COST) had revenue of $152.7billion, gross profit of $19.83 billion, and net income of $3.66 billion.a. Compare the gross margins for Walmart and Costco.b. Compare the net profit margins for Walmart and Costco.c. Which firm was more profitable in 2019?a. Compare the gross margins for Walmart and Costco.The gross margin for Walmart isThe gross margin for Costco isb. Compare the net profit margins for Walmart and Costco.The net profit margin for Walmart is%. (Round to two decimal places)The net profit margin for Costco is %. (Round to two decimal places.)c. Which firm was more profitable in 2019? (Select from the drop-down menu.)was more profitable in 2019.%. (Round to two decimal places)% (Round to two decimal places)SearchSAMSUNGHOTime Remaining: 02:58:26 Show workINFSKANext5:55 PMVaksNutrition FactsValeur nutritivePer 1 e 500Colaries DFCashot

Gross Margin Ratio = (Gross Profit / Net Sales ) x 100 Net Profit Margin Ratio = (Net Income / Net…

In fiscal year 2019, Walmart Inc. (WMT) reported annual revenue of $523 96 billion, gross profit of $129 36 billion, and net income of $14 88 billion Costco Wholesale Corporation (COST) had revenue of $152 billion, gross profit of $19.83 billion, and net income of $3.66 billion a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2019? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is % (Round to two decimal places) The gross margin for Costco is% (Round to two decimal places) b. Compare the net profit margins for Walmart and Costco The net profit margin for Walmart is% (Round to two decimal places) The net profit margin for Costco is%. (Round to two decimal places) c. Which firm was more profitable in 2019? (Select from the drop down

In fiscal year 2019, Walmart Inc. (WMT) reported annual revenue of $523 96 billion, gross profit of $129 36 billion, and net income of $14 88 billion Costco Wholesale Corporation (COST) had revenue of $152 billion, gross profit of $19.83 billion, and net income of $3.66 billion a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2019? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is % (Round to two decimal places) The gross margin for Costco is% (Round to two decimal places) b. Compare the net profit margins for Walmart and Costco The net profit margin for Walmart is% (Round to two decimal places) The net profit margin for Costco is%. (Round to two decimal places) c. Which firm was more profitable in 2019? (Select from the drop down

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
In fiscal year 2021, Walmart Inc. (WMT) reported annual revenue of $572.75 billion, gross profit of $143.75 billion, and net income of $13.67 billion. Costco Wholesale Corporation (COST) had revenue of $195.9 billion, gross profit of $25.25 billion, and net income of $5.01 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2021?
In fiscal year 2018, Wal-Mart Stores (WMT) had revenue of $514.41 billion, gross profit of $129.10 billion, and net income of $6.67 billion. Costco Wholesale Corporation (COST) had revenue of $141.6 billion, gross profit of $18.42 billion, and net income of $3.13 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2018? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is enter your response here %. (Round to two decimal places.) The gross margin for Costco is enter your response here %. (Round to two decimal places.) Part 3 b. Compare the net profit margins for Walmart and Costco. The net profit margin for Walmart is enter your response here %. (Round to two decimal places.) Part 4 The net profit margin for Costco is enter your response here %. (Round to two decimal places.) c. Which firm was more profitable in 2018? (Select from the…
Obtain Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com a. What was Target's gross margin percentage for the fiscal year ended February 2, 2019 (2018) and 2017? Use "Sales" for these computations b. What was Target's Return on Sales percentage for 2018 and 2017? Use "Total Revenue" for these computations. c. Target's return on ales percentage for 2017 was higher than it was in 2018. Ignoring taxes, how much higher would Target's 2018 net income have been if it's return on sales percentage in 2018 had been the same as for 2017?
Below are the Income Statement and Balance Sheet for Longborg Corporation for the years ended 2020 and 2021. Calculate the profitability ratios in the table to the right for the year ended 2021. Longborg Corporation Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $60,200,300 $52,410,500 Cost of goods sold 44,850,700 39,050,800 Gross profit 15,349,600 13,359,700 Selling expenses 2,725,500 2,860,600 Administrative expenses 2,850,300 2,575,400 Total operating expenses 5,575,800 5,436,000 Income from operations 9,773,800 7,923,700 Interest Expense 385,200 425,600 Other income 125,000 105,000 Income before income tax 9,513,600 7,603,100 Income tax expense 3,329,800…
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Chupapi Inc. has a gross profit ratio of 16.67 % for the year 2020. If Chupapi Inc. has gross profit of P 1,090,000 and P 6,000,000 net sales on year 2021, What would be the gross profit margin of Chupapi Inc, during 2021? * 36.33% 18.17 % 16.57 % O 15. 76 %
Abbott Laboratories’ Consolidated Statements of Earnings for the 3 fiscal year’s ending December 31, 2019. Required: Using the attached earnings statement, for each period presented, Compute the gross margin % Note: Gross margin % = [(Net sales – Cost of products sold)/Net sales] x 100 Compute the net profit margin on sales % Note: Net profit margin % = (Net earnings/Net sales) x 100 Considering the 3-year trend for a. and b. above, provide a brief comment about the company’s performance for: Gross margin % and Net profit margin %.
Based on the following ratios and percentages, complete the following Income Statement and Balance Sheet of Kristine Corporation for the year ended Dec. 31, 2019 Sales ( 80% on credit) P ? (1) (2) Less: Cost of Goods Sold Gross Profit Less: Operating Expenses Operating Income Less: Interest expense 2,100,000 ? ? (3) (4) (5) (6) (7) Net Income before tax ? Less : Income tax ( 30%) ? Net Income after tax (8) Balance Sheet Cash ? (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) Current Liabilities ? (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) Accounts receivable 12% Bonds Payable Inventory Prepaid expenses Total Current Assets Total Liabilities ? ? 10 %Preferred Stock Common Stock (P100 par) ? Property and equipment ? Less: Accumulated Deprn. Prop. & Equip. , net Intangible Assets Total Assets Total Contributed Capital ? Premium on Common Stock Retained Earnings Total Stockholders' Equity ? Total Liab. & Stock. Equity ? ===== Additional Information : 1. Receivable turnover 2.…
Here are the comparative income statements of Blue Spruce Corp.. BLUE SPRUCE CORP.Comparative Income StatementFor the Years Ended December 31 2020 2019 Net sales $540,000 $450,000 Cost of goods sold 441,180 381,600 Gross Profit 98,820 68,400 Operating expenses 67,500 40,500 Net income $ 31,320 $ 27,900 (a)Prepare a horizontal analysis of the income statement data for Blue Spruce Corp., using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP.Comparative Income Statementchoose the accounting period Increase or (Decrease) During 2020 2020 2019 Amount Percentage Net sales $540,000 $450,000 $enter a dollar amount enter percentages rounded to 1 decimal place % Cost of goods sold…
Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATIONComparative Income StatementFor the Years Ended December 31 2022 2021 Net sales $639,400 $578,200 Cost of goods sold 464,800 433,400 Gross Profit 174,600 144,800 Operating expenses 70,500 43,000 Net income $ 104,100 $ 101,800 (a)Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CULLUMBER CORPORATIONComparative Income Statementchoose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 Increase or (Decrease) During 2022 2022 2021 Amount Percentage Net…
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