Written Accounting Analysis Report Assignment | Essay Help Services
The Randall Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company’s profit performance and financial position with the averages for the industry. The CEO has given you the company’s income statement and balance sheet as well as the industry average data for retailers.
Randall Department Stores, INC.
Don't use plagiarized sources. Get Your Custom Essay on
Written Accounting Analysis Report Assignment | Essay Help Services
For $10/Page 0nly
Income Statement Compared with Industry Average
Year Ended December 31, 2018
Randall Industry Average
Net Sales Revenue
$783,000
100.0%
Cost of Goods Sold
527,742
65.8
Gross Profit
255,258
34.2
Operating Expenses:
163,647
19.7
Operating Income
91,611
14.5
Other Income and (Expenses):
6,264
0.4
Net Income
$85,347
14.1%
Randall Department Stores, INC.
Balance Sheet Compared with Industry Average
December 31, 2018
Randall
Industry Average
Current Assets
$310,040
70.9%
Property, Plant, and Equipment, Net
119,600
23.6
Intangible Assets, Net
7,360
0.8
Other Assets
23,000_______________
4.7___________________
Total Assets
$460,000
100.0%
Current Liabilities
$210,680
48.1%
Long-Term Liabilities
103,960
16.6
Total Liabilities
314,640
64.7
Stockholders’ Equity
145,360
35.3
Total Liabilities and Stockholders’ Equity
$460,000
100.0%
1. Prepare a vertical analysis for both the income statement and balance sheet.
2. Write a paragraph comparing the company’s performance with the industry average.
3. Compute the following ratios and comment on what the results mean when evaluating the company:
Current ratio
Gross profit percentage ratio
Debt ratio
Profit margin ratio
**Written assignments should conform to MLA format, making sure to cite the associated reading/resource.
must be a Word document
Calculator
Our features
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.