Student Name:
Class:
Requirement 1:
Assets
58,000$
67,000
19,000
48,000
9,000
Current Liabilities
Accounts payable
Income taxes payable
Long-Term Liabilities
Note payable
Total liabilities
Retained Earnings
Total stockholders’ equity
100,000
10,000
110,000
Requirement 2:
Item Book Value Explanation
expense to date.
Acquisition cost less sum of all depreciation
Instructor
At December 31, 2012
Balance Sheet
EXQUISITE JEWELERS
Current Assets
Cash
Problem 05-03
McGraw-Hill/Irwin
Fixed Assets
Store equipment
Less accumulated depreciation
Total fixed assets
Other Assets
Used store equipment held for disposal
Contributed Capital
Common stock, par $1/share, 100,000 shares
Additional paid-in capital
Total contributed capital
Net Book Value
GOLD JEWELERS
Accounts receivable
Prepaid insurance
Stock of Z Corporation
Merchandise inventory
Total current assets
Long-Term Investments
Cash 58,000$
Accounts receivable 71,000
Merchandise inventory 154,000
Prepaid insurance 1,500
Investment in Stock of Z Corporation (long-term) 36,000
EXQUISITE JEWELERS
Student Name:
Class:
Requirement 1:
Contributed Capital
Common stock, par $15/share; 7,000 shares $105,000
McGraw-Hill/Irwin
Instructor
Stockholders’ Equity
BARNARD CORPORATION
Balance Sheet (Partial)
At December 31, 2011
Problem 05-04
Stockholders’ Equity
Contributed Capital
Common stock, par $15/share; 6,000 shares 90,000$
Paid-in capital 13,000
Balance Sheet
BARNARD CORPORATION
At December 31, 2011
Given Data P05-04:
Selected 2012 transactions:
Student Name:
Class:
1,885,531$
1,231,349
654,182
Cost of goods sold
Net revenue
Problem 05-05
McGraw-Hill/Irwin
AEROPOSTALE, INC.
(In Thousands Except Per Share Amounts)
Instructor
Gross profit
For Year Ended March 31, Current Year
Consolidated Statement of Income
Provision for income taxes
Income before income taxes
Interest income
Operating income
Total operating expenses
Other selling, general and administrative expenses
Items reported on income statement (in thousands):
Cost of goods sold 1,231,349$
Interest income 510
AEROPOSTALE, INC.
Student Name:
Class:
Problem 05-06
Sales revenue 99,000$
Cost of goods sold 33,000
Gross Profit 66,000$
Operating expenses:
Instructor
For the Year Ended March 31, 2013
Income Statement
JORDAN SALES COMPANY
McGraw-Hill/Irwin
Student Name:
Class:
Problem 05-06
Instructor
McGraw-Hill/Irwin
Assets
Current Assets:
Cash 58,000$
Liabilities
Current Liabilities:
Accounts payable 22,000$
Income taxes payable 9,500
Salaries and commissions payable 2,000
Total current liabilities 33,500$ Correct!
At March 31, 2013
Balance Sheet
JORDAN SALES COMPANY
Cash 58,000$
Accounts receivable 49,000
Office supplies inventory 1,000
Automobiles (company cars) 34,000
Accumulated depreciation, automobiles 14,000$
Office equipment 3,000
Accumulated depreciation, office equipment 1,000
At March 31, 2013
Trial Balance
JORDAN SALES COMPANY
Required:
1.
CP5-3 (this worksheet) CP5-3 Problem Requirements and Workbook Layout
Industry Ratio Report Industry Ratio Report
AEO Balance Sheets American Eagle Outfitters, Inc. Consolidated Balance Sheets
AEO Income Statements American Eagle Outfitters, Inc. Consolidated Statements of Operations
CP5-3 Comparing Companies within an Industry
Compute return on assets for the most recent year. Which company provided the highest return to shareholders during
the current year?
does Urban Outfitters outperform or underperform the industry?
3.
Liquidity
Current Ratio 2.55
Company
Ticker
Quick Ratio 1.38 ANF
ARO
Activity AEO
Inventory
5.92 ANN
Accounts
6.43 GPS
GES
Profitability JCG
Gross Profit
38.99% LTD
Operating
Net Profit
Return on
13.11% ROST
Return on
Quality of
0.07 MW
The Men’s Warehouse Inc
The Buckle Inc
Ross Stores Inc
Pacific Sunwear of California Inc
Nordstrom, Inc.
0.72 URBN
Leverage WTSLA
Times Interest
16.33
Interest
16.39
Total
1.08
Total
1.92
Dividends
Dividend
19.61%
Dividend Yield 2.22%
Other
Sales Growth 2.39%
Capital
1.93
Abercrombie & Fitch
J. Crew Group Inc
Ann Taylor Stores
Guess? Inc
Gap Inc
COMPANIES USED IN INDUSTRY ANALYSIS
American Eagle Outfitters
Aeropostale Inc
INDUSTRY RATIO REPORT
Retail Family Clothing Stores
Wet Seal Inc.
Urban Outfitters Inc
Limited Brands Inc
Days to Sell
70.897 days BEBE
Receivables
54.24 CHS
Average
15.07 days PSS
Fixed Asset
5.76 DBRN
Total Asset
1.90 FL
Collective Brands Inc
Chico’s FAS Inc
bebe stores Inc
Foot Locker, Inc
Dress Barn Inc.