Question-ann taylor retail

Assignment Help Accounting Basics
Reference no: EM13257969

Ann Taylor Retail, Inc., sells professional women'sapparel through company-owned retail stores. Recent financialinformation for Ann Taylor is provided below (all number inthousands):

                                               Year2                        Year 1

NetIncome                            81,872                        63,276

InterestExpense                    2,083                          3,641

End ofyear                            Year2                        Year1                        Year 0

Totalassets                             1,492,906                   1,327,338                   1,256,397

Total stockholders' equity     1,034,482                   926,744                      818,856

Assume the apparel industry average rate earned on total assetsis 8.2%, and the average rate earned on stockholders' equityis 16.7% for Year 1.

Determine the rate earned on total assets for AnnTaylor for Year 2 and Year 1. Round to one digit after thedecimal place.

Determine the rate earned on stockholders' equityfor Ann Taylor for Year 2 and Year 1. Round to one decimalplace

Evaluate the two-year trend for the profitabilityratios determined in (a) and (b).

Evaluate Ann Taylor's profit performance relativeto the industry.

Reference no: EM13257969

Questions Cloud

What are some theories that were previously beleived : What are some theories that were previously beleived to be true but were later proven incorrect.What are a few prime problems of todays world which science needs to work on?
Determine the kinetic energy acquired by the electron : An electron initially at rest recoils after a head-on collision with a 5.94-keV photon. Determine the kinetic energy acquired by the electron
Explain the concept of limited liability : Explain the concept of "limited liability" in the context of a corporation. Is limited liability an advantage or disadvantage of the corporate form of business organization? Why?
Find total recorded cost of automatic scorekeeping equipment : The automatic lane-cleaning machine. Thecost of repairing the component is $1,850. What is the totalrecorded cost of the automatic scorekeeping equipment?
Question-ann taylor retail : Ann Taylor Retail, Inc., sells professional women'sapparel through company-owned retail stores. Recent financialinformation for Ann Taylor is provided below (all number inthousands):
Determine the weight of the automobile : The four tires of an automobile are inflated to a gauge pressure of 2.1 105 Pa. Determine the weight of the automobile
Compare number of transmission paths required in topologies : The Russian president and the Chinese counterpart need to come to an agreement by telephone. Neither can speak and understand each other's language. They need to employ translators. Compare this layered communication to OSI layers
Explain the h3o+ concentration in diet cola than in milk : Diet cola drinks have a pH of about 3.0, while milk has a pH of about 7.0. How many times greater is the H3O+ concentration in diet cola than in milk
Why is the amount of interest earned : Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to break-even price

What factors might occur during the season that would alter the volume sold and thus the break-even price Annie might charge?

  The company look like a risk-free investment

In the mid-2000s Fannie Mae was in severe financial difficulty and desperately needed additional capital for the company to survive.

  Cost of merchandise sold for the year

A company, using the periodic inventory system, has merchandise inventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. Th..

  The chosen company is apple inc

Compute the following ratios in Excel for two years.

  Analyze how involuntary conversions differ from condemnation

Under the authority of the IRS, real property can be seized for nonpayment of taxes. In addition, the local government could confiscate personal property for public use. Analyze how involuntary conversions differ from condemnations and how to dete..

  S how they employ the various elements of the promotion mix

. Sea Ray is one of today's most successful manufacturers of sport boats, cruisers, and yachts. They have models ranging from a small 17-foot sport boat up to a 61-foot motor yacht. Take a look at the company Learn about their product offering. Most ..

  Find which option is more suitable for the company

Casso limited has an option to purchase new car for the use froma bank on loan for Rs. 100,000 with 16% interest payable. Find which option is more suitable for the company.

  Absorption costing income statement problem

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

  Determining annual interest rate in mexico

The spot rate of exchange, S(MXN/USD), between the Mexican peso (MXN) and U.S. dollar (USD) is MXN 11.95/USD and the 6-month futures rate is MXN 12.4328/USD. If U.S. interest rates are 5% per annum then the annual interest rate in Mexico must be

  Determine the interst earned by todd company

The bond pay interest on march 1 and septmber1. on october 1,2012,todd copany sold $24,000 of lincoln company bonds acquired on may 1. plus one month accured interest.on december 31,2012, four omnyhs interst was acuured for the remaining bonds. De..

  Preferred and common stockholders receive under assumptions

As of December 31, 2011, it is desired to distribute $488,000 in dividends. Insructions: How much will the preferred and common stockholders receive under the following assumptions:

  Determining company overview milestone

Find two annual reports from competing publicly traded companies of your choice. Prepare an overview of the two companies including a brief synopsis of the industry the companies are in, the market share each company holds, and the length of time ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd