Key figures for Samsung follow (in $ millions). Cash and equivalents $23,069 Cost of sales $ 126,336 197,691 30,144 Revenues Accounts receivable, net Inventories 302,511 22,966 Total assets. 218,440 Retained earnings Required: 1. Compute common-size percents for Samsung using the data given. 2. What is Samsung's gross margin ratio on sales? 3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?

Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...
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Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Compute common-size percents for Samsung using the data given. (Input all the values as positive numbers. Enter your
answers in millions. Round your percentage answers to 1 decimal place.)
$ millions
Samsung
Cash and equivalents
%
Accounts receivable, net
%
Inventories
%
Retained earnings
%
Cost of sales
%
Revenues
%
Total assets
%
< Required 1
Required 2 >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for Samsung using the data given. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) $ millions Samsung Cash and equivalents % Accounts receivable, net % Inventories % Retained earnings % Cost of sales % Revenues % Total assets % < Required 1 Required 2 >
AA 17-3 Extended Analysis LO A1
Key figures for Samsung follow (in $ millions).
Cash and equivalents
$ 23,069 Cost of sales
30,144 Revenues
Accounts receivable, net
Inventories
$ 126,336
197,691
302,511
22,966 Total assets
218,440
Retained earnings
Required:
1. Compute common-size percents for Samsung using the data given.
2. What is Samsung's gross margin ratio on sales?
3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?
Transcribed Image Text:AA 17-3 Extended Analysis LO A1 Key figures for Samsung follow (in $ millions). Cash and equivalents $ 23,069 Cost of sales 30,144 Revenues Accounts receivable, net Inventories $ 126,336 197,691 302,511 22,966 Total assets 218,440 Retained earnings Required: 1. Compute common-size percents for Samsung using the data given. 2. What is Samsung's gross margin ratio on sales? 3. Does Samsung's gross margin ratio outperform or underperform the industry average of 25%?
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