Ascertain the number common share that the company C is authorized at the end of the 2014.

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Answer 1

Question

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

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Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's expenses, Gross margin, and Net income?

Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's assets, Liabilities, and Equity?

Answer 2

Question

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

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Answer 3

Question

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

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Answer 4

Question

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

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Answer 5

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

Answer 6

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

Answer 7

Chapter 11, Problem 1EYK

a.

To determine

Ascertain the number common share that the company C is authorized at the end of the 2014.

Answer 8

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

Answer 9

b.

To determine

Ascertain the percentage of outstanding shares at the end of the year 2014.

Answer 10

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

Answer 11

c.

To determine

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

Answer 12

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

Answer 13

d.

To determine

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

Answer 14

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

Answer 15

e.

To determine

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 11 - Prob. 1SSQ Ch. 11 - Prob. 2SSQ Ch. 11 - Prob. 3SSQ Ch. 11 - Prob. 4SSQ Ch. 11 - Prob. 5SSQ Ch. 11 - Prob. 6SSQ Ch. 11 - Prob. 7SSQ Ch. 11 - Prob. 8SSQ Ch. 11 - Prob. 9SSQ Ch. 11 - Prob. 10SSQ

Ascertain the number common share that the company C is authorized at the end of the 2014.

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Ascertain the number common share that the company C is authorized at the end of the 2014.

Ascertain the percentage of outstanding shares at the end of the year 2014.

Describe whether company C has any outstanding preferred shares at the end of the 2014 or not.

Ascertain the number of repurchase shares at the end of the 2014, and identify the dollar amount of the repurchase shares.

Ascertain the dividend per share of Company C for 2014, 2013 and 2012.

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