just need help with 3 & 4
LINKS ARE PROVIDED YOU JUST HAVE TO COPY AND PASTE ON YOUR SEARCH BAR
10-K reports (fiscal year 2015) for Williams-Sonoma, Inc.
LINK 1
https://www.sec.gov/Archives/edgar/data/719955/000119312517104341/d265187d10k.htm
10-K reports (fiscal year 2015) for Williams-Sonoma, Inc.
LINK 2
https://www.sec.gov/Archives/edgar/data/719955/000119312516525847/d120289d10k.htm
10-K reports (fiscal year 2014) for Williams-Sonoma, Inc.
LINK 3
https://www.sec.gov/Archives/edgar/data/719955/000119312515118009/d851953d10k.htm#tx851953_13
10-K reports (fiscal year 2016) for Pier 1 Imports, Inc.
LINK 4
https://www.sec.gov/Archives/edgar/data/278130/000119312517136345/d343458d10k.htm
10-K reports (fiscal year 2015) for Pier 1 Imports, Inc.
LINK 5
https://www.sec.gov/Archives/edgar/data/278130/000119312516556025/d133529d10k.htm
10-K reports (fiscal year 2014) for Pier 1 Imports, Inc.
LINK 6
https://www.sec.gov/Archives/edgar/data/278130/000119312515153179/d881010d10k.htm#toc881010_13
(3) Prepare ratio analyses (for the same THREE year time period) for both companies. At least, you should include the following ratios in your computations: (1) current ratio, (2) acid-test ratio, (3) receivables turnover, (4) inventory turnover, (5) asset turnover, (6) profit margin on sales, (7) rate of return on assets, (8) rate of return on common stock equity, (9) earnings per share, (10) payout ratio, (11) debt to total assets ratio, (12) times interest earned, (13) cash debt coverage ratio, and (14) book value per share.
(4) Comment on the analytical results of the two companies. Your comments should concentrate on the trends across the companies. In addition to contrasting the ratios between the companies, you should interpret the numbers and make suggestions as to why the ratio of one company might be higher/lower than the other.
Table 1. Williams-Sonoma, Inc ----Balance Sheet
Williams-Sonoma, Inc.
BALANCE SHEET
Fiscal Years 2016, 2015, 2014, 2013
(In thousands)
FY 2016
FY 2015
FY 2014
FY 2013
ASSETS
Current assets
Cash and cash equivalents
$ 213,713
$ 193,647
$ 222,927
330121
Restricted cash
â
â
â
14289
Accounts receivable, net
88,803
79,304
67,465
60,330
Merchandise inventories, net
977,505
978,138
887,701
813,160
Prepaid catalog expenses
23,625
28,919
33,942
33,556
Prepaid expenses
52,882
44,654
36,265
35,309
Deferred income taxes, net
â
â
130,618
121,486
Other assets
10,652
11,438
13,005
10,852
Total current assets
1,367,180
1,336,100
1,391,923
1,419,103
Property and equipment, net
923,283
886,813
883,012
849,293
Deferred income taxes, net
135,238
141,784
4,265
13,824
Other assets, net
51,178
52,730
51,077
54,514
Total assets
$ 2,476,879
$ 2,417,427
$ 2,330,277
2,336,734
LIABILITIES AND STOCKHOLDERSâ EQUITY
Current liabilities
Accounts payable
$ 453,710
$ 447,412
$ 397,037
404791
Accrued salaries, benefits and other liabilities
130,187
127,122
136,012
138,181
Customer deposits
294,276
296,827
261,679
228,193
Income taxes payable
23,245
67,052
32,488
49,365
Current portion of long-term debt
â
â
1,968
1,785
Other liabilities
59,838
58,014
46,764
38,781
Total current liabilities
961,256
996,427
875,948
861,096
Deferred rent and lease incentives
196,188
173,061
166,925
157,856
Long-term debt
1,968
Other long-term obligations
71,215
49,713
62,698
59,812
Total liabilities
1,228,659
1,219,201
1,105,571
1,080,732
Stockholdersâ equity
Preferred stock: $.01 par value; 7,500 shares
authorized; none issued
â
â
â
0
Common stock: $.01 par value; 253,125 shares
authorized;
87,325 and 89,563 shares issued and outstanding at
873
896
919
941
January 29, 2017 and January 31, 2016, respectively
Additional paid-in capital
556,928
541,307
527,261
522,595
Retained earnings
701,702
668,545
701,214
729,043
Accumulated other comprehensive loss
(9,903)
(10,616)
(2,548)
6524
Treasury stock â at cost: 20 and 29 shares as of January
29, 2017 and January 31, 2016, respectively
(1,380)
(1,906)
(2,140)
(3,101)
Total stockholdersâ equity
1,248,220
1,198,226
1,224,706
1,256,002
Total liabilities and stockholdersâ equity
$ 2,476,879
$ 2,417,427
$ 2,330,277
2,336,734
Table 2. Williams-Sonoma, Inc --- Statement of Income
Williams-Sonoma, Inc.
STATEMENT OF INCOME
Fiscal Years 2016, 2015, 2014,2013
(In thousands)
FY 2016
FY 2015
FY 2014
FY 2013
E-commerce net revenues
$ 2,633,602
$ 2,522,580
$ 2,370,694
$ 2,115,022
Retail net revenues
2,450,210
2,453,510
2,328,025
2,272,867
Net revenues
5,083,812
4,976,090
4,698,719
4,387,889
Cost of goods sold
3,200,502
3,131,876
2,898,215
2,683,673
Gross profit
1,883,310
1,844,214
1,800,504
1,704,216
Selling, general and administrative expenses
1,410,711
1,355,580
1,298,239
1,252,118
Operating income
472,599
488,634
502,265
452,098
Interest (income) expense, net
688
627
62
(584)
Earnings before income taxes
471,911
488,007
502,203
452,682
Income taxes
166,524
177,939
193,349
173,780
Net earnings
$ 305,387
$ 310,068
$ 308,854
$ 278,902
just need help with 3 & 4
LINKS ARE PROVIDED YOU JUST HAVE TO COPY AND PASTE ON YOUR SEARCH BAR
10-K reports (fiscal year 2015) for Williams-Sonoma, Inc.
LINK 1
https://www.sec.gov/Archives/edgar/data/719955/000119312517104341/d265187d10k.htm
10-K reports (fiscal year 2015) for Williams-Sonoma, Inc.
LINK 2
https://www.sec.gov/Archives/edgar/data/719955/000119312516525847/d120289d10k.htm
10-K reports (fiscal year 2014) for Williams-Sonoma, Inc.
LINK 3
https://www.sec.gov/Archives/edgar/data/719955/000119312515118009/d851953d10k.htm#tx851953_13
10-K reports (fiscal year 2016) for Pier 1 Imports, Inc.
LINK 4
https://www.sec.gov/Archives/edgar/data/278130/000119312517136345/d343458d10k.htm
10-K reports (fiscal year 2015) for Pier 1 Imports, Inc.
LINK 5
https://www.sec.gov/Archives/edgar/data/278130/000119312516556025/d133529d10k.htm
10-K reports (fiscal year 2014) for Pier 1 Imports, Inc.
LINK 6
https://www.sec.gov/Archives/edgar/data/278130/000119312515153179/d881010d10k.htm#toc881010_13
(3) Prepare ratio analyses (for the same THREE year time period) for both companies. At least, you should include the following ratios in your computations: (1) current ratio, (2) acid-test ratio, (3) receivables turnover, (4) inventory turnover, (5) asset turnover, (6) profit margin on sales, (7) rate of return on assets, (8) rate of return on common stock equity, (9) earnings per share, (10) payout ratio, (11) debt to total assets ratio, (12) times interest earned, (13) cash debt coverage ratio, and (14) book value per share.
(4) Comment on the analytical results of the two companies. Your comments should concentrate on the trends across the companies. In addition to contrasting the ratios between the companies, you should interpret the numbers and make suggestions as to why the ratio of one company might be higher/lower than the other.
Table 1. Williams-Sonoma, Inc ----Balance Sheet
Williams-Sonoma, Inc. | ||||
BALANCE SHEET | ||||
Fiscal Years 2016, 2015, 2014, 2013 | ||||
(In thousands) | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
ASSETS | ||||
Current assets | ||||
Cash and cash equivalents | $ 213,713 | $ 193,647 | $ 222,927 | 330121 |
Restricted cash | â | â | â | 14289 |
Accounts receivable, net | 88,803 | 79,304 | 67,465 | 60,330 |
Merchandise inventories, net | 977,505 | 978,138 | 887,701 | 813,160 |
Prepaid catalog expenses | 23,625 | 28,919 | 33,942 | 33,556 |
Prepaid expenses | 52,882 | 44,654 | 36,265 | 35,309 |
Deferred income taxes, net | â | â | 130,618 | 121,486 |
Other assets | 10,652 | 11,438 | 13,005 | 10,852 |
Total current assets | 1,367,180 | 1,336,100 | 1,391,923 | 1,419,103 |
Property and equipment, net | 923,283 | 886,813 | 883,012 | 849,293 |
Deferred income taxes, net | 135,238 | 141,784 | 4,265 | 13,824 |
Other assets, net | 51,178 | 52,730 | 51,077 | 54,514 |
Total assets | $ 2,476,879 | $ 2,417,427 | $ 2,330,277 | 2,336,734 |
LIABILITIES AND STOCKHOLDERSâ EQUITY | ||||
Current liabilities | ||||
Accounts payable | $ 453,710 | $ 447,412 | $ 397,037 | 404791 |
Accrued salaries, benefits and other liabilities | 130,187 | 127,122 | 136,012 | 138,181 |
Customer deposits | 294,276 | 296,827 | 261,679 | 228,193 |
Income taxes payable | 23,245 | 67,052 | 32,488 | 49,365 |
Current portion of long-term debt | â | â | 1,968 | 1,785 |
Other liabilities | 59,838 | 58,014 | 46,764 | 38,781 |
Total current liabilities | 961,256 | 996,427 | 875,948 | 861,096 |
Deferred rent and lease incentives | 196,188 | 173,061 | 166,925 | 157,856 |
Long-term debt | 1,968 | |||
Other long-term obligations | 71,215 | 49,713 | 62,698 | 59,812 |
Total liabilities | 1,228,659 | 1,219,201 | 1,105,571 | 1,080,732 |
Stockholdersâ equity | ||||
Preferred stock: $.01 par value; 7,500 shares authorized; none issued | â | â | â | 0 |
Common stock: $.01 par value; 253,125 shares authorized; | ||||
87,325 and 89,563 shares issued and outstanding at | 873 | 896 | 919 | 941 |
January 29, 2017 and January 31, 2016, respectively | ||||
Additional paid-in capital | 556,928 | 541,307 | 527,261 | 522,595 |
Retained earnings | 701,702 | 668,545 | 701,214 | 729,043 |
Accumulated other comprehensive loss | (9,903) | (10,616) | (2,548) | 6524 |
Treasury stock â at cost: 20 and 29 shares as of January 29, 2017 and January 31, 2016, respectively | (1,380) | (1,906) | (2,140) | (3,101) |
Total stockholdersâ equity | 1,248,220 | 1,198,226 | 1,224,706 | 1,256,002 |
Total liabilities and stockholdersâ equity | $ 2,476,879 | $ 2,417,427 | $ 2,330,277 | 2,336,734 |
Table 2. Williams-Sonoma, Inc --- Statement of Income
Williams-Sonoma, Inc. | ||||
STATEMENT OF INCOME | ||||
Fiscal Years 2016, 2015, 2014,2013 | ||||
(In thousands) | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
E-commerce net revenues | $ 2,633,602 | $ 2,522,580 | $ 2,370,694 | $ 2,115,022 |
Retail net revenues | 2,450,210 | 2,453,510 | 2,328,025 | 2,272,867 |
Net revenues | 5,083,812 | 4,976,090 | 4,698,719 | 4,387,889 |
Cost of goods sold | 3,200,502 | 3,131,876 | 2,898,215 | 2,683,673 |
Gross profit | 1,883,310 | 1,844,214 | 1,800,504 | 1,704,216 |
Selling, general and administrative expenses | 1,410,711 | 1,355,580 | 1,298,239 | 1,252,118 |
Operating income | 472,599 | 488,634 | 502,265 | 452,098 |
Interest (income) expense, net | 688 | 627 | 62 | (584) |
Earnings before income taxes | 471,911 | 488,007 | 502,203 | 452,682 |
Income taxes | 166,524 | 177,939 | 193,349 | 173,780 |
Net earnings | $ 305,387 | $ 310,068 | $ 308,854 | $ 278,902 |