Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.

Shown below is information from the financial reports of Ultra Department Stores for the past few years. 2001 2000 1999 Net sales (in millions) $13.454 $12.987 $12,224 Number of stores 1.180 1,172 1,130 Square feet of selling space (in millions) 61.5 59.0 54.8 ... Average net sales of comparable stores (in millions) $ 10.9 $ 11.2 $ 11.5 Instructions a. Calculate the following statistics for Ultra Department Stores: 1. The percentage change in net sales from 1999 to 2000 and 2000 to 2001. Hint. The per- centage change is computed by dividing the dollar amount of the change between years by the amount of the base year, For example, the percentage change in net sales from 1999 to 2000 is computed by dividing the difference between 2000 and 1999 net sales by the amount of 1999 net sales. or (S12,987 2. The percentage change in net sales per square foot of selling space from 1999 to 2000 and 2000 to 2001. -$12.224) S12.224 6.2% increase. 3. The percentage change in comparable store sales from 1999 to 2000 and 2000 to 2001. b. Evaluate the sales performance of Ultra Department Stores.

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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