Calculate the revenue and earnings per employee

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Problem - Business Applications Case Financial versus managerial accounting

The following information was taken from Adams Corporation's SEC filings.

 

Fiscal Year Ended

 

October 1, 2017

October 2, 2016

Number of employees

287,000

258,000

Revenues (in millions)

$25,587

$24,516

Properties (in thousands)

6,382 square feet

6,337 square feet

Total assets (in millions)

$14,434

$14,381

Company-owned stores

18,275

12,761

Net earnings (in millions)

$3,485

$3,418

Required -

a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature.

b. Based on the data identi?ed as ?nancial or managerial in nature from requirement (a), does it appear that Adams's 2017 fiscal year was better or worse than its 2016 fiscal year?

c. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Adams appeared to be using its facilities more efficiently.

Reference no: EM132743864

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