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Category > Accounting Posted 07 Jun 2017 My Price 5.00

Vertical analysis

 

Vertical analysis

The condensed income statements through income from operations for Dell Inc. and

Apple Inc. for recent fiscal years follow (numbers in millions of dollars):

 

 

Dell Inc.

Apple Inc.

Sales

$56,940

$156,508

Cost of sales

44,754

87,846

Gross profit

$12,186

$68,662

Selling, general, and administrative expenses

$ 8,102

$10,040

Research and development

1,072

3,381

Operating expenses

$ 9,174

$13,421

Income from operations

$ 3,012

$55,241

 

Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.

 

Deere & Co. manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere & Co.’s credit division loans money to customers to finance the purchase of their farm and construction equipment.

The following information is available for three recent years (in millions except per- share amounts):

 

 

Year 3

Year 2

Year 1

Net income (loss)

$3,064 .7

$2,799 .9

$1,865 .0

Preferred dividends

$0 .00

$0 .00

$0 .00

Interest expense

$782 .8

$759 .4

$811 .4

Shares outstanding for computing earnings per share

 

397

 

417

 

424

Cash dividend per share

$1 .79

$1 .52

$1 .16

Average total assets

$52,237

$45,737

$42,200

Average stockholders’ equity

$6,821

$6,545

$5,555

Average stock price per share

$79 .27

$80 .48

$61 .18

1. Calculate the following ratios for each year (Round percentages to one decimal place):

a. Rate earned on total assets

b. Rate earned on stockholders’ equity

c. Earnings per share

d. Dividend yield

e. Price-earnings ratio

2. What is the ratio of average liabilities to average stockholders’ equity for Year 3?

3. Based on these data, evaluate Deere & Co.’s performance.

 

 

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 07 Jun 2017 04:06 PM My Price 5.00

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file 1496852782-Answer.docx preview (240 words )
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