Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 52422 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 Operating 2108515 2399697 expense Operating Income Interest Income before taxes Less: Net 404759 413379 22356 26148 382403 387225 149207 233196 129585 257638

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question
100%

Using the attached data answer the following question

2-Which year has the best inventory turnover? Explain with calculations

3-Which year has the highest return on investment? Explain with calculations

Office Depot
Balance Sheet
Assets
Current assets: Cash
and cash equivalents
Short-term
investments
Receivables
Merchandise inventory
Deferred income taxes
Prepaid expenses
Current Assets
Fixed assets
Total Assets
Liabilities and Equity
Current Liabilities
Long-Term Debt
Shareholders' equity
Liabilities and Equity
1998
704541
10424
721446
1258355
52422
33
2780435
1244848
4025283
1487065
509339
2028879
4025283
1999
218784
0
849478
1436879
68279
58
2631052
1645131
4276183
1944045
424418
1907720
4276183
Office Depot
Income Statement
Sales
Lest Cost
of Sales
Gross
Profit
Less:
Operating
expense
Operating
Income
Interest
Income
before
taxes
Less:
Net
1998
1999
8997738 10263280
6484464 7450310
2513274 2812970
2108515 2399697
404759
22356
413379
26148
382403 387225
149207
129585
233196 257638
Transcribed Image Text:Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 52422 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating expense Operating Income Interest Income before taxes Less: Net 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 2108515 2399697 404759 22356 413379 26148 382403 387225 149207 129585 233196 257638
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education