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HW #1.xlsx - KIMBERLY-CLARK CORPORATION(KMB $(millions...

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KIMBERLY-CLARK CORPORATION (KMB) $$ (millions) 2012 2011 2010 Sales $ 21,063 $ 20,846 $ 19,746 Net Income $ 1,750 $ 1,591 $ 1,843 Total assets $ 19,873 $ 19,373 $ 19,864 Equity $ 4,985 $ 5,249 $ 5,917 A ROA = NET INCOME / AVERAGE ASSETS ROE = NET INCOME / AVERAGE EQUITY ROA (2011) 8.1% ROE (2011) 28.5% ROA (2012) 8.9% ROE (2012) 34.2% B ROA has increased from 8.1% in 2011 to 8.9% in 2012 due to changes in net income which is the main f C By decreasing the equity to 4.9bb we can notice an increase in Net Income. Therefore, ROE has increase
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factor ed from 28.5% in 2011 to .4.2% in 2012
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Income Statement ANF TJX SALES $ 4,511 $ 25,878 COST OF GOOD SOLD $ 1,694 $ 18,521 GROSS PROFIT $ 2,817 $ 7,357 TOTAL EXPENSES $ 2,580 $ 5,450 NET INCOME $ 237 $ 1,907 A ANF GROSS PROFIT MARGIN IS HIGHER THAN TJX. IN THIS CASE IT EAR HOWEVER, THE EXPENSES MARGIN IS MUCH HIGHER THAN TJX, THERF B Balance Sheet ($$ millions ANF TJX Current assets $ 1,308 $ 5,712 Long-term assets $ 1,679 $ 3,800 Total assets $ 2,987 $ 9,512 Current liabilities $ 691 $ 3,761 Long-term liabilities $ 478 2085 Total liabilities $ 1,169 $ 5,846 Stockholders`s equity $ 1,818 3666 Total liabilities and equit $ 2,987 $ 9,512 CURRENT ASSETS FOR TJX IS HIGHER THAN ANF THAT MEANS THAT ANF HAS LESS CASH AND INVENOTORIES COMPARE C SHAREHOLDERS EQUITY OF ANF COMPANY IS 60.9% AND FOR TJX IS 38 THE REASON TJX HAS LESS SHAREHOLDER EQUITY IS BECAUSE THEY DE
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