Purchase Solution

Comparing Turnover Ratios between a Gift Store and a Discount Household Store

Not what you're looking for?

Ask Custom Question

I submitted this previously, but forgot to attach the spreadsheet to show the format. I cannot determine the outcome for the totals. I have completed the rest of the assignment.

The following information is obtained from the primary financial statements of two retail companies. One
Company markets its gift merchandise in a resort area; the other company is a discount household goods
Store. Neither company has any debt. By analyzing these data, indicate which company is more likely to be
The gift shop and which is the discount household goods store. Support your answer.
Company A Company B
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000,000 $6,000,000
Average total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200,000 6,000,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125,000 600,000

Purchase this Solution

Solution Summary

This answer shows how different type retail operations have different turnover and asset ratios.

Purchase this Solution


Free BrainMass Quizzes
Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.