10 Jul RANDALL DEPARTMENT STORES, INC. Income Statement compared with Industry Average Year Ended December 31, 2020 Randall Industry Average Net Sales Revenue $800,
RANDALL DEPARTMENT STORES, INC.
Income Statement compared with Industry Average
Year Ended December 31, 2020
Randall
Industry Average
Net Sales Revenue
$800,000
100
%
Cost of Goods Sold
627,200
67.4
Gross Profit
172,800
32.6
Operating Expenses
95,000
20.9
Operating Income
77,800
11.7
Other Expenses
8,054
0.8
Net Income
$69,746
10.9
%
RANDALL DEPARTMENT STORES, INC.
Balance Sheet
31-Dec-20
Randall
Industry Average
Current Assets
$300,000
68
%
Property, Plant, and Equipment, Net
130,600
25.2
Intangible Assets, Net
8,400
1
Other Assets
7,500
5.8
Total Assets
446,500
100
%
Current Liabilities
$230,000
65
%
Long-term Liabilities
95,000
17
Total Liabilities
325,000
82
Stockholders’ Equity
121,500
18
Total Liabilities and Stockholders’ Equity
$446,500
100
%
Please refer to the Income Statement and Balance Sheet above and perform the following.
- Prepare a vertical analysis for both the income statement and balance sheet.
- Write a paragraph comparing the company’s performance with the industry average.
- Compute the following ratios and comment on what the results mean when evaluating the company:
Current ratio
The gross profit percentage ratio
Debt ratio
Profit margin ratio
Written assignments should conform to MLA format, making sure to cite the associated reading/resource.
Click the Assignment link above to upload the completed assignment, which must be a Word document.
Please include your last name in the filename (example: "unit5as2_smith").
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.