Solution 1 - Financial Statement (Part 1)

Solution 1 - Financial Statement (Part 1) - FINANCIAL...

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FINANCIAL STATEMENT EXERCISES (PART 1) For each item listed, calculate or find the amount using Puck Co.'s financial statements. 20X3 20X2 20X1 Net sales growth rate 47.2% 11.7% 5.6% Cost structure (as a % of sales): Cost of goods sold 60.0% 64.0% 65.0% Depreciation expense 3.9% 3.5% 2.9% 20.0% 22.0% 23.0% (Gain)/loss on sale of assets 0.2% -0.1% 0.0% Interest expense 3.1% 4.3% 2.5% Income tax expense 5.1% 2.5% 2.7% Net profit margin 7.6% 3.8% 4.0% Earnings per share (EPS) 2.69 0.92 0.98 Dividends per share (DPS) 0.40 0.20 0.20 % of EPS reinvested during year 85.1% 78.2% 79.6% Asset structure (as a % of total assets): Cash and equivalents 4.2% 3.5% 4.5% Accounts receivable 14.7% 10.9% 15.7% Inventory 29.2% 23.2% 27.9% Prepaid expenses 0.9% 0.9% 1.1% 51.0% 61.5% 50.9% Financial structure (as a % of total assets): Operating liabilities (non-interest bearing) 22.6% 19.8% 26.4% Debt 40.6% 46.6% 39.0% Equity 36.8% 33.6% 34.7%
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Match the following cost structures, net profit margins, asset structures, and financial structures to the following fiscal year Form 10-K for each company. Microsoft Walmart Apple GM Nike A B C D E Cost structure (as a % of sales): Cost of sales 19.2% 75.5% 65.7% 101.1% 55.0% 43.6% 18.9% 15.0% 9.6% 32.0% Net profit margin 29.3% 3.3% 14.9% -20.7% 10.1% Asset structure (as a % of total assets):
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Solution 1 - Financial Statement (Part 1) - FINANCIAL...

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