Please see the annual report and complete the following: The requirements of Case 9.33
A) Which method, single-step or multiple-step, is used in the statement?
B) What are the captions of the intermediate profit amounts reported by this company that are not reported by Sherwin Williams?
C) Calculate the gross profit ratio for each of the years reported. Briefly evaluate the trend of these results.
D) Is operating income increasing or decreasing for the years reported?
E) Does the company report any discounted operations? If so, What are the effect on net income and earnings per share?
The requirements of Case 9.34
A) Which method, direct or indirect, is used in the statement?
B) List the principal sources and uses of cash for this firm.
C) Evaluate the change in cash. Has the firm generated most of its cash requirements from operations, or has it borrowed extensively? Has the firm's uses of cash been balanced between investments and dividends?
D) Have there been significant treasury stock transactions?
E) Has the cash balance been increasing or decreasing? What seem to be the implications of this pattern for dividends?
The requirements of Case 5.39
A) Review the note disclosures provided in your focus company's annual report and discuss what you have learned about how your company's accounts receivables and inventory are accounted for and presented.
The requirements of Case 6.35
Please Review the note disclosures provided in your focus company's annual report and discuss what you have learned about how your company's :
A) Property, Plant, and equipment is ________.
1. Depreciated
2. Accounted for and presented.
B) Other concurrent assets are described and reported.
The requirements of Case 7.35
Please Review the note disclosures provided in your focus company's annual report and identify at least three items being reported as concurrent (long-term) liabilities. Discuss what you have learned about these items and how they are presented on the balance sheet.
The requirements of Case 8.35
Please Review the note disclosures provided in your focus company's annual report and identify at least three items being reported as stockholders' equity items. Discuss what you have learned about these items and how they are presented on the balance sheet.
The requirements of Case 11.19
A) Calculate working capital, the current ratio, and the acid-test ratio as of the most recent balance sheet date.
B) Based on your calculation in part a.) assess the company's overall liquidity position. Explain which ratios indicate particular strengths and/or weakness within the company. Assume the following industry averages current ratio=2.0; acid-test ratio=1.6
C) Explain how working capital and the current ratio are related. Would you expect a company with a large amount of working capital to always have a high current ratio?
Profitability:
D) Calculate ROI, showing margin and turnover, for the most recent year.
E) Calculate ROE for the most recent year.
F) Calculate the price/ earnings ratio for the most recent year, using the company's year-end market price per share of common stock in the numerator and diluted earnings per share in the denominator.
G) Calculate the dividend payout and dividend yield ratios for the most recent year.
H) Based on the results of your calculations in parts D) E) and F), assess the company's overall profitability. Explain which ratios indicate particular strengths and/ or weaknesses within the company. Assume the following industry averages: ROI= 15