AComparison of Firm Performance12 2013 Financials3Net operating revenues4 Cost of goods sold5 Gross profit6 Selling, general, and administrative expense7 Other costs8 Operating income9Interest expense10 Other income (loss) - net11 Income before income taxes12 Income taxes13 Net income14 Assets15 Cash and cash equivalents16 Net receivables17 Inventories18 Prepaid expenses and other19 Total current assets20 Property, plant and equipment21 Goodwill22 Other assets23 Total assets24 Liabilities and Stockholder Equity25 Accounts payable26 Short-term debt27 Total current liability28 Long-term debt29 Other liabilities30 Total liabilities31 Stockholder equity32BWalmart469,162352,488116,67488,87327,8012,25118725,7377,98117,7567,7816,76843,8031,58859,940116,68120,4975,987203,10559,09912,71971,81841,417113,23589,870CMacy's27,93116,72511,2068,440882,678388(134)2,1567671,3891,8363715,3083617,8768,1963,7431,17620,9914,9511245,0756,8063,05914,9406,051D Using the financial statements in the attached workbook (Walmart Macys Financials.xlsx), calculate ROA, Profit Margin, Asset Turn-over, and Cash-to-cashcycle for Walmart and Macy's as of 2013. For returns when you calculate ROA, use a corporate tax rate of 21%.

ROA=Net IncomeTotal Assets×100 Profit Margin=Net IncomeNet Revenues×100 Asset Turnover=Net…

Answered: Using the financial statements in the…

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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Using the financial statements in the attached workbook (Walmart Macys Financials.xlsx), calculate ROA, Profit Margin, Asset Turn-over, and Cash-to-cash cycle for Walmart and Macy's as of 2013. For returns when you calculate ROA, use a corporate tax rate of 21%.