Kirkland's Inc.
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Pick any publicly traded company that their financials are published on the SEC website.
For the purpose of this assignment we have selected Kirkland's Inc. Kirkland is specialty retailer of home décor in the United States, operating 299 stores in 34 states and offers a broad selection of distinctive merchandise.
1. Down-load their 10-k (annual report) and print the applicable pages for the balance sheet and income statement. There should be about 4-7 pages from each year. These printed pages will be part of the final report to submit.
2. Calculate the ratios on the worksheet provided for the last three years.. Calculate all that are applicable. (Some may not be applicable. If the company does not have accounts receivables, the ratios for accounts receivable would not be applicable)
3. Write a one page summary indication any trends that are obvious from these ratios, giving the importance of the ratio. Also indicate what you found interesting about your company.
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Solution Summary
For the purpose of this assignment we have selected Kirkland's Inc. Kirkland is specialty retailer of home décor in the United States, operating 299 stores in 34 states and offers a broad selection of distinctive merchandise.
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The solution include the introduction, financial performance and conclusion including the ...
Education
- Chartered Accountant (Equivalent to CPA in US), Institute of Charted Accountants of India
- Bachelor of Commerce, West Bengal University
Recent Feedback
- "I got this feedback and I wanted to know if you can explain it to me. I noticed something within your workings which I believe is incorrect. It looks like you've mistaken the Debt ratio for the Equity Multiplier. You've done a calculation to determine Return on Equity (ROE) but if you take a look at the ratios provided for us you'll see ROE listed on the bottom line already. You can use ROE, Profit Margin and Total Asset Turnover to figure out the Equity Multiplier amount. Equity multiplier is not provided for us and we need to calculate it. I really hope this is helpful to you. "
- "Very attentive to detail. Answers are designed in easy to understand format."
- "Fast response and thorough answer"
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