One must determine the income of the firm to know if it has been profitable. In the case of the Target Corporation, the net income for the year was $2,999,000,000 (United States Securities and Exchange Commission, 2013). From this number, one could surmise that the target corporation had a successful year, as they earned nearly $3 billion. To determine the assets and liabilities of the Target Corporation, one must simply examine the balance sheet the company has provided in their 10k report. The balance sheet provided lists the Target Corporation’s assets as: cash, credit card receivables, inventory, land, buildings, fixtures and equipment, computer hardware and software, and construction in progress (United States Securities and Exchange Commission, 2013).
Finally, the Statement of Cash Flows (Hint: it could be listed as the Consolidated Statements of Cash Flows): Page 47. PART 2 Category: Revenue and Net Income According to the Sec 10k Walgreen NI for the last two years was: Years: 2012 VS 2013 Amount: $2,127 $2,450 Percentage Difference: ((V1 - V2) / ((V1 + V2)/2)) * 100 = 14.11% Category: Irregular Items When analyzing Walgreens income statement it shows an Operating Income of $3,940 for 2013 and Earnings before Income Tax provision of $3,895 and an Income tax provision of $1,445. This is discontinued operations. Companies report discontinued operations on the income statement net of tax. The allocation of tax to this item is called intra-period tax allocation or income tax provision that is, allocation within a period.
AMBA 630 Week 2 1.) What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years? $ in Millions(except for per share items) | 2011 | 2010 | 2009 | Revenue | 12,317 | 11,691 | 10,908 | Gross Profit | 1,602 | 1,475 | 1,235 | S. G. & A Expense | 752 | 780 | 722 | Operating Income | 508 | 695 | -274 | Net Income | 198 | 458 | -346 | Income Statement % | 2011 | 2010 | 2009 | Revenue Growth | 95 | 93 | | Gross Profit/Revenue | 13 | 13 | | S. G. & A Expense | 6 | 6 | 6 | Operating Income/Revenue | 4 | 6 | -3 | Net Income/Revenue | 2 | 4 | 3 | Revenue Growth: Should grow over time, & the Marriot
The computer system cost $12,000 and is normally sold by Shabbona for $15,200. Shabbona uses a perpetual inventory system. 4. Truck #4 has a list price of $14,000. It is acquired in exchange for 1,000 shares of common stock in Shabbona Corporation.
We measured ROE as: Net incomeTotal equity Assuming the return on equity would be 12 percent per year, at the end of year 2010, the book value of the company would be $5,990.90 million. In order to be able to compare the market value of the company
Net used in investing activities 2006: ($14,183) million When comparing the $13,063 million to the ($14,183) million, it appears that there is an increase in Wal-Mart’s investments in its operations. Q3: How well is the company doing in its operations? Ans3: net income 2004, 2005, 2006 (in millions): 9054, 10267, 11231 Cash flow from operating activities for 2004, 2005, 2006 (in millions): 15996, 15044, 17633. Despite the drop in cash flow from operating activities in 2005, the overall difference when comparing the three years is 1637 million from 2004 to 2006. Considering this increase in cash flow from operating activities along with the increase of net income from 2004 through 2006, it is observed that Wal-Mart’s operations are doing well.
The equipment was acquired on January 1. It had a $1,000 estimated salvage value and a three-year useful life. 7. Sold inventory to customers for $25,000 that had cost $14,000 to make. Required Explain how these events would affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model as indicated here.
Looking at Wal-Mart income statement, you see a line item called “Income from continuing operations”; this line is two lines up from “Consolidated net income”. Income from continuing operations is essential consolidated net income minus income or loss from discontinued operations. In Fiscal Year 2012, Wal-Mart had Income from continuing operations of $15,959,000,000. This large number is carried over from the Income Statement to the Cash flow statement and recorded as Income from continuing operations in the Cash Flow Statement. This number makes up the significant portion of total Net Cash provided by operating activities.
A Case Study on Costco Wholesale Qingyi Yu ACC 613 Professor Hines Reference 1. COSTCO WHOLESALE CORPORATION FORM 10-K FOR THE FISCAL YEAR ENDED SEPTEMBER 2, 2012, Item 1, Business. 2. COSTCO WHOLESALE CORPORATION FORM 10-K FOR THE FISCAL YEAR ENDED SEPTEMBER 2, 2012, Item 6, Selected Financial Data. 3.
Income before income taxes was $2,767 million against $2,383 million a year ago. Net income attributable to the company $1,709 million or $3.89 per diluted share against $1,462 million or $3.30 per diluted share a year ago. Costco Wholesale Corporation announced sales results for the five weeks ended September 30, 2012 and seventeen weeks