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FA 4-1 gross profit percent, average markup percent, and ratio of sales to assets CVS Caremark Corporation operates over 7,000 pharmacies and is a major competitor of Walgreen Co. The following data (in millions) were adapted from recent financial statements Obj | 8 of CVS. Year 2 Year 1 Net sales $107,100 $95,778 Cost of merchandise sold 86,539 75,559 Gross profit $ 20,561 $20,219 Average total assets $ 63,356 $61,905 1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place. 2. Compute the average markup percent for Years 1 and 2. Round to one decimal place. 3. Compute the ratio of sales to assets for Years 1 and 2. Round to two decimal places. 4. Compare the results in parts (1), (2), and (3) for Years 1 and 2. Comment on your comparison.
Assume these facts about a levered firm: market value of interest's bearing debt = $370 and market value of common stock = $1,040.
Sarafina is making monthly payments into an annuity. She wants to have $900 in the fund to buy a new convection range in three months, and the account pays 4.8% annual interest. What are her monthly payments to the account?
Describe four methods of payment on international sales. What is a banker's acceptance, and how is it used in international trade? What is discounting, and how is it used in international trade?
The farmers market just paid an annual dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5% per year indefinitely.
Funds released by the lockbox arrangement can be invested elsewhere in the firm to earn 14 percent before taxes. The Chicago bank has agreed to process Jackson's customer payments for an annual fee of $130,000. Determine the annual net pretax benefit..
Dark Day sells for $93.85 per share, and the stock is about to go ex dividend. What do you think the ex-dividend price will be?
If I take my funds out of my credit union and put them in a money market mutual fund, have I disintermediated? Why or why not?
What is beta and how is it used in analyzing risk? What does beta tell us about return? What is the beta of your fund and what does it mean. Examples are always good to aid understanding
1. Are there any hidden assumptions or price rigidities in the country or countries that might inhibit market force indicators from revealing the true economic health of the country, thereby either preventing government policy actions from corr..
You are considering a new product launch. The project will cost $780,000, have a four-year life, and have no salvage value.
Objective type questions on Bond investment and interest rates and Which one of the following rates is the best measure of the increased purchasing power you can realize from a bond investment
acme products has a bond outstanding with 8 years remaining to maturity and a coupon rate of 5 paid semiannually. if
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