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.

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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

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