Final-2002-Financials

Final-2002-Financials - ACCOUNTING 101 FINAL EXAM II - FALL...

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ACCOUNTING 101 FINAL EXAM II - FALL 2002 FINANCIAL INFORMATION WHOLE FOODS CORPORATION FISCAL YEAR 2001 AND PRESENT VALUE TABLES
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1 Whole Foods Whole Foods Market, Inc. owns and operates the country's largest chain of natural and organic foods supermarkets. Whole Foods Market, Inc. Consolidated Balance Sheets (in thousands) September 30, 2001 and September 24, 2000 Assets 2001 2000 ------------------------------------------------------------------------------------------------------------------- Current assets: Cash and cash equivalents $ 1,843 395 Trade accounts receivable 24,039 21,836 Merchandise inventories 98,616 93,858 Prepaid expenses and other current assets 11,693 8,883 Deferred income taxes 8,549 5,740 ------------------------------------------------------------------------------------------------------------------- Total current assets 144,740 130,712 Property and equipment, net of accumulated depreciation and amortization 542,986 468,678 Long-term investments 4,706 9,632 Acquired leasehold rights, net of accumulated amortization 15,648 13,753 Excess of cost over net assets acquired, net of accumulated amortization 67,258 69,867 Deferred income taxes 20,287 22,934 Other assets, net of accumulated amortization 15,171 15,703 Net assets of discontinued operations 18,375 29,120 ------------------------------------------------------------------------------------------------------------------- Total Assets $ 829,171 760,399 -------------------------------------------------------------------------------------------------------------------
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2 Liabilities and Shareholders' Equity 2001 2000 ------------------------------------------------------------------------------------------------------------------- Current liabilities: Current portion of long-term debt and capital lease obligations $ 5,944 7,884 Trade accounts payable 50,468 49,985 Accrued payroll, bonuses and team member benefits 41,265 37,534 Other accrued expenses 58,659 47,238 ------------------------------------------------------------------------------------------------------------------- Total current liabilities 156,336 142,641 Long-term debt and capital lease obligations, less current portion 250,705 298,070 Deferred rent liabilities 11,653 10,801 Other long-term liabilities 1,120 1,730 ------------------------------------------------------------------------------------------------------------------- Total liabilities 419,814 453,242 ------------------------------------------------------------------------------------------------------------------- Shareholders' equity: Common stock, no par value, 100,000 shares authorized, 55,113 and 54,445 shares issued, 54,770 and 52,932 shares outstanding in 2001 and 2000, respectively 251,679 235,648 Common stock in treasury, at cost (5,369) (23,688) Accumulated other comprehensive income (30) - Retained earnings 163,077 95,197 ------------------------------------------------------------------------------------------------------------------- Total shareholders' equity
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This note was uploaded on 05/20/2010 for the course ACCT 101 taught by Professor Briancadman during the Spring '10 term at Penn College.

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Final-2002-Financials - ACCOUNTING 101 FINAL EXAM II - FALL...

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