A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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Answer 1

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Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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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 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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Answer 3

Question

Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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Answer 4

Question

Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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Answer 5

Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

Answer 6

Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

Answer 7

Chapter 12, Problem 12.3S

To determine

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1QC Ch. 12 - Prob. 2QC Ch. 12 - Prob. 3QC Ch. 12 - Prob. 4QC Ch. 12 - Expressing accounts receivable as a percentage of...Ch. 12 - Kincaid Company reported the following data (in...Ch. 12 - Prob. 7QC Ch. 12 - Ratios that measure liquidity include all of the...Ch. 12 - Verba Corporation has an inventory turnover of 15...Ch. 12 - The measure of a companys ability to collect cash...

A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

Solution Summary: The author explains how to prepare a vertical analysis of the company's assets at the end of years 2018, 2017, and 2016.

To Prepare: A vertical analysis of the company’s assets at the end of years 2018, 2017, and 2016.

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Chapter 12 Solutions