The following information was taken from Finch Corporation's SEC filings. Fiscal Year Ended October 1, 2017 October 2, 2016 268,000 $32,516 6,487 square feet $14,551 12,886 $ Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) 312,000 $ 33,587 6,532 square feet $ 14,604 30,775 $ 4,985 4,918 Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Finch's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Finch appeared to be using its facilities more efficiently Complete this question by entering your answers in the tabs below. Req A Req C and D Req E Calculate the revenue and earnings per employee to determine which year (2017 or 2016) Finch appeared to be using its facilities more efficiently. (Enter your answers in whole dollars and not in millions.) 2016 2017 Revenue per employee Earnings per employee Revenue per thousand feet Earnings per thousand feet The company used its facilitiess more efficiently in Req C and D Req E
The following information was taken from Finch Corporation's SEC filings. Fiscal Year Ended October 1, 2017 October 2, 2016 268,000 $32,516 6,487 square feet $14,551 12,886 $ Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) 312,000 $ 33,587 6,532 square feet $ 14,604 30,775 $ 4,985 4,918 Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Finch's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Finch appeared to be using its facilities more efficiently Complete this question by entering your answers in the tabs below. Req A Req C and D Req E Calculate the revenue and earnings per employee to determine which year (2017 or 2016) Finch appeared to be using its facilities more efficiently. (Enter your answers in whole dollars and not in millions.) 2016 2017 Revenue per employee Earnings per employee Revenue per thousand feet Earnings per thousand feet The company used its facilitiess more efficiently in Req C and D Req E
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:The following information was taken from Finch Corporation's SEC filings.
Fiscal Year Ended
October 1, 2017
October 2, 2016
268,000
$32,516
6,487 square feet
$14,551
12,886
$
Number of employees
Revenues (in millions)
Properties (in thousands)
Total assets (in millions)
Company-owned stores
Net earnings (in millions)
312,000
$
33,587
6,532 square feet
$
14,604
30,775
$
4,985
4,918
Required
a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or
managerial accounting in nature.
c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Finch's 2017 fiscal year
was better or worse than its 2016 fiscal year?
e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Finch appeared
to be using its facilities more efficiently
Complete this question by entering your answers in the tabs below.
Req A
Req C and D
Req E
Calculate the revenue and earnings per employee to determine which year (2017 or 2016) Finch appeared to be using its
facilities more efficiently. (Enter your answers in whole dollars and not in millions.)
2016
2017
Revenue per employee
Earnings per employee
Revenue per thousand feet
Earnings per thousand feet
The company used its facilitiess more efficiently in
Req C and D
Req E
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