Problem 4-8 Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Year 2009 2010 2011 2012 2013 2009 Sustainable Growth Rate % % % % % 5.6 100.0 1.5 1.6 18.4 2010 6.5 100.0 1.5 1.6 24.5 2011 6.7 100.0 1.5 1.8 38.7 2012 7.1 100.0 1.5 1.7 24.9 2013 7.1 100.0 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place. 1.4 1.8 27.4

Problem 4-8 Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Year 2009 2010 2011 2012 2013 2009 Sustainable Growth Rate % % % % % 5.6 100.0 1.5 1.6 18.4 2010 6.5 100.0 1.5 1.6 24.5 2011 6.7 100.0 1.5 1.8 38.7 2012 7.1 100.0 1.5 1.7 24.9 2013 7.1 100.0 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place. 1.4 1.8 27.4

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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Problem 12-4 Sales Increase Maggie's Muffins, Inc., generated $2,000,000 in sales during 2016, and its year-end total assets were $1,500,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2017, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5%, and its payout ratio will be 70%. How large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate? Do not round intermediate steps. Round your answers to the nearest whole., Sales can increase by $ 40000: that is by 1%.
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Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) Year 2009 2010 2011 2012 2013 2009 5.4 100.0 1.5 1.6 19.9 Sustainable Growth Rate % % % % % 2010 6.3 100.0 1.5 1.6 26.0 2011 6.5 100.0 1.5 1.8 40.2 2012 6.9 100.0 1.5 1.7 26.4 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place. 2013 6.9 100.0 1.4 1.8 28.9
Under Armour, Incorporated is an American supplier of sportswear and casual apparel. Following are selected financial data for the company for the period 2009 to 2013. Profit margin (%) Retention ratio (%) Asset turnover (X) Financial leverage (X) Growth rate in sales (%) 2009 5.2 100.0 1.6 1.7 18.3 2010 6.1 100.0 1.6 1.7 24.4 2011 6.3 100.0 1.6 1.9 38.6 2012 6.7 100.0 1.6 1.8 24.8 2013 6.7 100.0 1.5 1.9 27.3 a. Calculate Under Armour's annual sustainable growth rate for the years 2009 through 2013. Note: Round your answers to 1 decimal place.
Problem 9 The financial statement of mythical Reliance Inc.show that in 2012, its beginning inventory balance was$31.82 billion and ending inventory balance was $30.25billion. The company's cost of goods sold was reported as $290.70 billion(all in U.S. dollars). Calculate the company's inventory turnover ratio for 2012.
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Profitability Ratios East Point Retal, Inc. seils apparel through company-owned retail stores. Recent financial information for East Point follows (in thousands): Fiscal Year 3 Fiscal Year 2 $145,000 $(74,600) 3,000 11,200 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Net income (los) Interest expense Total assets (at and of fiscal year) Total stockholders equity (at end of fiscal year) Assume the apparel industry average return on total assets is 5.0% and the average return on stockholders' equity is 8.0% for the year ended February 2, Year 3. $1,307,759 1,010,000 Fiscal Year 3 Fiscal Year 2 $1,243,965 990,000 $1,106,719 724,942 a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round percentages to one decimal place. If required, use a minus sign to indicate a negative return on total assets. % b. Determine the retum on stockholders' equity for East Point for fiscal Years 2 and 3. Round percentages to one decimal place. If required, use a minus sign to…