Comparing Turnover Ratios between a Gift Store and a Discount Household Store
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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
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Solution Summary
This answer shows how different type retail operations have different turnover and asset ratios.
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