Case study examining income statements, profitability ratios.

About Your Signature Assignment – Full case study and assignment attached.

Harrod’s Sporting Goods Case Study is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Review the Week 5 Case Study.

Complete the required activities 1 to 8 in Microsoft® Word or Microsoft® Excel®.

Click the Assignment Files tab to submit your assignment.

Required Activities:

1. Calculate the profitability ratios for all three years using the formulas provided in section “A. Profitability Ratios” within Chapter 3: 1. Profit margin 2. Return on assets (a and b) 3. Return on equity ( a and b)

2. Write a one-paragraph description of any trends that appear to have taken place over the three-year time period.

3. Examine the income statement in Figure 1 above. Note that there was an extraordinary loss of $170,000 in 2015. This might have represented uninsured losses from a fire, a lawsuit settlement, etc. It probably does not represent a recurring event or affect the earnings capability of the firm. For that reason, the astute financial analyst might add back in the extraordinary loss to gauge the true operating earnings of the firm. Since it was a tax-deductible item, we must first multiply by (1-tax rate) before adding it back in.* The tax rate was 35 percent for the year.

$170,000 Extraordinary loss _____.65_ (1-tax rate) $110,500 After-tax addition to profits from eliminating the extraordinary loss from net income

The more representative net income number for 2015 would now be:

Initially reported (Figure 1 above) $200,318 Adjustment for extraordinary loss being eliminated +110,500_ Adjusted net income $310,818

Note: This adjustment was made because the $170,000 deduction saved 35 percent of this amount in taxes. If we eliminate the $170,000, the tax benefit would also be eliminated. Thus, the firm would only benefit by 65 percent of $170,000, based on a 35 percent tax rate. The after-tax benefit of the tax adjustment for the extraordinary loss is $110,500. A. Recompute the same ratios for 2015 using the adjusted net income figure of $310,818.

4. Write a one-paragraph description of trends that appear to have taken place over the three-year time period (Refer to question 1 above for 2013 and 2014 data and question 3 above for the adjusted net income numbers for 2015).

5. Write a one-paragraph analysis of the company’s profitability ratios compared to the industry ratios (Figure 3 above) using the revised ratios for 2015 from question 3 above. Include asset turnover and debt to total assets as supplemental material in your analysis.

6. Calculate the Asset Utilization ratios for 2015 using the formulas provided in section “B. Asset Utilization Ratios” within Chapter 3:

1. Receivable turnover (Note: For the Receivables turnover ratio, only half the sales are on credit terms.) 2. Inventory turnover 3. Fixed Asset turnover

7. Write a brief one-paragraph description of any trends that appear to have taken place. Compare Harrod’s sales to total assets ratio to the industry in your description.

8. Write a one-paragraph conclusion that provides analysis of your answers to questions 4 and 5 above. a. Include your opinion on whether or not Becky Harrod has a legitimate complaint about being charged 2½ percent, instead of 1 percent over prime.

You can leave a response, or trackback from your own site.

CLICK ORDER NOW TO GET A CUSTOMIZED PAPER ON THIS TOPIC JUST FOR YOU!! 0%PLAGIARISM 100% ORIGINAL PAPER

78 Responses to “Case study examining income statements, profitability ratios.”

  1. You could certainly see your skills within the work you write. The arena hopes for more passionate writers such as you who aren’t afraid to say how they believe. Always follow your heart.

  2. Cheap Private Proxies

    About Your Signature Assignment – Full case study and assignment attached.

  3. Proxies says:

    Best excellent USA proxies – https://DreamProxies.com get using 50 lower price!

  4. fake rolex says:

    73260 551243Id need to verify with you here. Which isnt something I often do! I enjoy studying a publish that can make folks feel. Also, thanks for permitting me to remark! 937855

  5. fake watches says:

    293907 289704Interesting point of view. Im curious to believe what type of impact this would have globally? Sometimes people get slightly upset with global expansion. Ill be around soon to check out your response. 312971

  6. I too conceive thus, perfectly composed post! .

  7. Hey there. I want to ask some thing…is this a wordpress blog page as we are planning to be changing over to WP. Moreover did you make this theme yourself? With thanks.

  8. 842809 601950Oh my goodness! a wonderful post dude. Thanks Nevertheless My business is experiencing concern with ur rss . Dont know why Not able to sign up for it. Possibly there is any person obtaining identical rss difficulty? Anyone who knows kindly respond. Thnkx 472259

  9. 241180 771847Im not confident why but this weblog is loading incredibly slow for me. Is anyone else having this problem or is it a problem on my end? Ill check back later and see if the difficulty still exists. 472513

  10. 979912 88328I truly enjoy reading on this web site, it holds wonderful articles . 232967

  11. can i protect my blog content copyright without registering it to copyright departmen? please help?

  12. With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either written myself or outsourced but it seems a lot of it is popping it up all over the web without my permission. Do you know any ways to help reduce content from being ripped off? I’d truly appreciate it.

  13. Instagram Video Likes

    About Your Signature Assignment – Full case study and assignment attached.

  14. The other day, while I was at work, my sister stole my iphone and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  15. Bertram Tyus says:

    I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to construct my own blog and would like to find out where u got this from. appreciate it

  16. I am curious to find out what blog platform you’re utilizing? I’m having some minor security issues with my latest site and I would like to find something more risk-free. Do you have any recommendations?

  17. Engineering says:

    575848 918677I genuinely enjoyed this. It was extremely educational and valuable. I will return to examine on upcoming posts 92143

  18. You really make it seem so easy with your presentation but I find
    this matter to be actually something which I think I would never
    understand. It seems too complicated and very broad for me.

    I’m looking forward for your next post, I’ll try to get the
    hang of it! 0mniartist asmr

  19. Thank you for some other great article. The place else may
    just anyone get that kind of info in such a perfect way of writing?
    I’ve a presentation next week, and I am on the look for such info.
    0mniartist asmr

  20. 0mniartist says:

    I love your blog.. very nice colors & theme. Did you make this website yourself
    or did you hire someone to do it for you? Plz answer back as I’m looking to
    create my own blog and would like to know where
    u got this from. many thanks 0mniartist asmr

  21. Hmm it seems ⅼike ʏour site ate my firѕt comment (it was super long) so I
    gguess I’lⅼ just sum iit up what I had wгitten ɑnd say, I’m thoroughly enjoying
    your blog. I as well am an aspirіng blog blogger
    but I’m still new too the whoⅼe thing. Do yoս have anyy suggeѕtion for firѕt-time Ьlog writers?
    І’d really appreciate it.

    Feel free to visit my website … payday loans lakewood co

  22. bit.ly says:

    Hello! Do you know if they make any plugins
    to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m
    not seeing very good results. If you know of any please share.
    Thank you! 0mniartist asmr

  23. gamefly why says:

    Hi there, everything is going fine here and ofcourse every one is sharing facts, that’s in fact fine, keep up writing.

  24. asmr this says:

    Pretty! This has been an extremely wonderful post. Thank you
    for providing this info.

  25. asmr a says:

    Hello are using WordPress for your blog platform? I’m
    new to the blog world but I’m trying to get started and create my own.
    Do you need any coding knowledge to make your own blog?
    Any help would be really appreciated!

  26. when asmr says:

    Hurrah! In the end I got a webpage from where I be able to in fact obtain helpful facts regarding my study
    and knowledge.

  27. gamefly why says:

    I’m not sure why but this website is loading incredibly slow for me.
    Is anyone else having this problem or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  28. why asmr says:

    I have been browsing online more than 3 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. Personally, if all webmasters
    and bloggers made good content as you did, the web will be much more useful than ever before.

  29. tinder site says:

    what is tinder site , tinder online

  30. bitly.com says:

    It’s very easy to find out any topic on web as compared to books, as I found this
    post at this web page.

  31. the asmr says:

    Heya superb blog! Does running a blog similar to this take a massive amount work?
    I have very little expertise in computer programming however I had been hoping to start my own blog soon. Anyway, if you have any recommendations or tips for new blog owners please share.
    I know this is off topic but I just had to ask. Many thanks!

  32. asmr are says:

    Way cool! Some extremely valid points! I appreciate you penning this post plus the rest of the website is really good.

  33. tinder safe feature

    Case study examining income statements, profitability ratios. – Fast Essay

  34. bit.ly says:

    scoliosis
    Thanks for the auspicious writeup. It in fact was once a entertainment account it.
    Glance complicated to more delivered agreeable
    from you! However, how can we communicate? scoliosis

  35. scoliosis
    First off I want to say superb blog! I had a quick question which I’d like to ask if you do
    not mind. I was interested to know how you center yourself and clear your head
    before writing. I have had trouble clearing my mind in getting my thoughts out.
    I truly do enjoy writing but it just seems like the first 10
    to 15 minutes are lost just trying to figure out how to begin. Any suggestions or hints?
    Thanks! scoliosis

  36. largest free dating site

  37. bookmarked!!, I really like your site!

  38. An interesting discussion is worth comment. I believe that you need to write more on this topic, it may not be a taboo matter but generally folks don’t discuss these issues.
    To the next! Kind regards!!

  39. Hairstyles says:

    I appreciate, cause I found just what I was looking for. You have ended my four day long hunt! God Bless you man. Have a great day. Bye

  40. free singles dating sites uk

  41. Thank you a bunch for sharing this with all folks you really understand what
    you’re talking approximately! Bookmarked. Kindly also seek
    advice from my web site =). We could have a hyperlink change agreement among us

  42. Fun88casino says:

    595708 219791Jeden Tag stellt man sich die Frage Was Koche Ich Heute?! Zerbrechen Sie sich nicht den Kopf, besuchen Sie uns am besten direkt auf unserer Webseite uns lassen Sie sich inspirieren 370427

  43. Why people still make use of to read news papers when in this technological world
    all is available on web?

  44. It’s fantastic that you are getting thoughts from this piece of writing as well as from our discussion made at this place.

  45. Oh my goodness! Impressive article dude! Thanks, However I am having difficulties
    with your RSS. I don’t understand why I can’t subscribe to it.
    Is there anybody else getting identical RSS problems?
    Anybody who knows the solution can you kindly respond?
    Thanks!!

  46. This is a topic which is near to my heart… Thank you!
    Exactly where are your contact details though?

  47. free online dating kuwait

  48. tinyurl.com says:

    hello!,I really like your writing very much! percentage we keep in touch more approximately your
    article on AOL? I need a specialist on this house
    to solve my problem. Maybe that is you! Having a look
    forward to look you.

  49. tinyurl.com says:

    You are so awesome! I do not believe I have read through a
    single thing like this before. So good to discover another person with some original thoughts on this issue.
    Really.. many thanks for starting this up. This site is something that is required on the internet,
    someone with a little originality!

  50. free dating sites in sweden

  51. The new Berser’kenxi test is installed.

  52. Etsuko says:

    Heya i’m for the first time here. I found this board and I find
    It truly useful & it helped me out much.
    I hope to give something back and help others like you helped me.

    Have a look at my site james (Etsuko)

  53. This is related to the accuracy and efficiency.

  54. cialis 20mg says:

    tadalafil sublingual buy cialis online tadalafil from canada to usa

  55. Erick Buren

    About Your Signature Assignment – Full case study and assignment attached.

  56. I have to thank you for the efforts you have put in penning this blog. I am hoping to check out the same high-grade blog posts from you in the future as well. In fact, your creative writing abilities has motivated me to get my very own blog now 😉

  57. Oh my goodness! Awesome article dude! Many thanks, However I am experiencing troubles with your RSS. I don’t understand the reason why I cannot join it. Is there anyone else having the same RSS issues? Anybody who knows the answer can you kindly respond? Thanks!!

  58. Filiberto Gerstenberger

    About Your Signature Assignment – Full case study and assignment attached.

  59. Trenton Legleiter

    About Your Signature Assignment – Full case study and assignment attached.

  60. totally free lds senior dating site

  61. free merseyside dating

  62. online free dating sites in canada

  63. free local dating site

  64. Hey would you mind stating which blog platform you’re working with? I’m planning to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Sorry for being off-topic but I had to ask!

  65. keto broccoli cheese soup

  66. What i do not realize is actually how you’re not actually much more well-liked than you might be now. You are so intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs outstanding. Always maintain it up!

  67. keto diet results

  68. Mahalia says:

    I think this is among the most vital info for me. And
    i’m glad reading your article. But want to remark on some general things, The site style
    is great, the articles is really great : D. Good job, cheers

  69. This design is incredible! You certainly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

Leave a Reply

Powered by WordPress | Designed by: buy backlinks | Thanks to webdesign berlin, House Plans and voucher codes