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.
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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