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Solution BU Sept 21, 2008 Requirements Requirement 1 Prepare a common-size income statement for Russell Department Stores. Russell Department Stores,...

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Solution Sept 21, 2008 BU Student ID Requirements Requirement 1 Prepare a common-size income statement for Russell Department Stores. Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2012 Russell Net sales Cost of goods sold Gross profit Operating expenses Operating income Other expenses Net income Prepare a common-size balance sheet for Russell Department Stores Russell Department Stores, Inc. Balance Sheet Compared with Industry Average 31-Dec-12 Russell Current assets Fixed assets, net Intangible assets, net Other assets Total Assets Current liabilities Long-term liabilities Stockholders' equity Net income Requirement 2 For the profitability analysis, compute Russell's a. Ratio of gross profit to net sales is than the industry average. b. Ratio of operating income to net sales is than the industry average. c. Ratio of net income to net sales is than the industry average. Overall, Russell's profit performance is than the industry average. Requirement 3 For the analysis of financial position, computer Russell's a. Ratio of current assets to total assets is than the industry average. b. Ratio of stockholders' equity to total assets is than the industry average. Overall, Russell's financial position is than the industry average. Industry Average Industry Average
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Solution Sept 21, 2008 BU Student ID Requirements Requirement 1 Computer Off Road Travel's ratios, rounding to two decimal places. Current ratio Debt Ratio Earnings per Share Requirement 2 Computer the three ratios after evaluating the effects of each transaction. (Make sure to use cell referencing and appropriate formulas). Current ratio Debt Ratio Earnings per Share a. b. c. d.
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