Purchase Solution

Pier Import's financial statements

Not what you're looking for?

Ask Custom Question

Use the Pier Import's financial statements to answer the following questions: To obtain Pier's financial statements you can go to www.Pier 1.com and click on the link at the bottom of the first page titled Inestor's Relations and then choose the Annual Reports and Proxy Statements.

1 - Does Pier have a significant amount of bad debts. How can you tell?

2 - What types of debt does Pier 1 Company have? Where did you find this information?

3 - In addition to selling Treasury Stock, a company may use Treasury stock when stock options are exercised or when debt is coverted to stock. Pier 1 used some of its treasury shares to do this during 2000 and 2001. Where is this disclosed in the financial statements? Describe how the the dollar amaount of treasury shares on the comparative balance sheets decreased while, at the same time, the statement of cash flow shows cash outflows for the purchase of treasury shares.

Purchase this Solution
Solution Summary

This discusses the Pier Import's financial statements

Solution Preview

Does Pier 1 have a significant amount of bad debts? How can you tell?
Company has 2.6 mn$ of Bad debt in the year 2004 (Given in Annual report-2005, Page 17). As a percentage of Sales it is 2.6/1897 = .1370% which is very low. So it does not have significant amount of bad debts.

What types of debt ...

Purchase this Solution
Free BrainMass Quizzes
Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Basic Social Media Concepts

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

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

View More Free Quizzes
Related BrainMass Solutions

  • bad debts

    202298 Review of Financial Statements Pier 1 Imports Use the Pier 1 Imports' most recent financial statements to answer the following questions: To obtain Pier 1 Imports' financial statements you can go to www.Pier1.com and click on the link at the

  • Pier 1 Imports' financial statements

    I have attached my financial anlaysis and valuation on Pier1. This is only for your reference purpose. This discusses the Pier 1 Imports' financial statements

  • Types of Debt - Pier 1

    70869 Types of Debt - Pier 1 Use the Pier 1 Imports' financial statements to answer the following questions: To obtain Pier 1 Imports' financial statements you can go to www.Pier1.com and click on the link at the bottom of the first page titled Investor's

  • Pier 1 Imports: Does Pier 1 have a significant amount of bad debts? How can you tell?

    Pier 1 used some of its treasury shares to do this during 2000 and 2001. Where is this disclosed in the financial statements?

  • Financial analysis of Pier 1 Imports'

    Pier 1 used some of its treasury shares to do this during 2000 and 2001. Where is this disclosed in the financial statements?

  • Buoyant force problem for object that falls off a pier (mass density)

    379521 Buoyant force problem for object that falls off a pier (mass density) An object falls off of a pier and into the ocean (sea water) where it displaces a total volume of 3.6 cubic meters of sea water.

  • Trigonometry Word Problems

    He has set up his transit on one side of the lake 130 feet from a piling that is directly across from a pier on the other side of the lake. From his transit, the angle between the piling and the pier is 55(degrees).

  • Trig Calculus word problem

    609316 Trig Calculus word problem The depth of water at the end of a pier varies with the tides. On a particular day, the low tides occur at 2:00 a.m. and 2:00 p.m. with a depth of 2.1 meters.

  • Sound travelling time through multiple mediums

    111733 Sound travelling time through multiple mediums An explosion occurs at the end of a pier. The sound reaches the other end of the pier by traveling through three media: air, fresh water and a slender metal handrail.

View More Related Solutions