Solutions for Financial Accounting for Managers, 2024 Release by Thomas (All Chapters included)
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Module
Managerial Accounting
Institution
Managerial Accounting
Complete Solutions Manual for Financial Accounting for Managers, 2024 Release by Wayne Thomas, Michael Drake, Jake Thornock and David Spiceland ; ISBN13: 9781266670510.....(Full Chapters included and organized in reverse order from Chapter 12 to 1)...1. A Framework for Financial Accounting
2. The...
Financial Accounting for Managers,
2024 Release by Wayne Thomas
Complete Chapter Solutions Manual
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1. A Framework for Financial Accounting
2. The Financial Statements
3. The Accounting Cycle: During the Period
4. The Accounting Cycle: End of the Period
5. Revenue and Receivables
6. Inventory and Cost of Goods Sold
7. Long-Term Assets
8. Cash and Investments
9. Liabilities
10. Stockholders’ Equity
11. Statement of Cash Flows
12. Financial Statement Analysis
,Solutions Manual organized in reverse order, with the last chapter displayed
first, to ensure that all chapters are included in this document.
(Complete Chapters included Ch12-1)
Chapter 12
Financial Statement Analysis
REAL WORLD PERSPECTIVES
RWP12-1 Cisco Systems (ticker: CSCO) and Arista Networks
(ANET)
Requirement 1
Cisco Systems (in $ millions):
$11,812
Return on equity = 29.1%
($39,773 + $41,275) ÷ 2
Arista Networks (in $ thousands):
$1,352,446
Return on equity = 30.5%
($4,885,820 + $3,978,600) ÷ 2
Arista Networks provides a slightly higher return to shareholders than does Cisco
Systems.
Requirement 2
Cisco Systems (in $ millions):
$11,812
Return on assets = 12.3%
($94,002 + $97,497) ÷ 2
Arista Networks (in $ thousands):
$1,352,446
Return on assets = 21.6%
($6,775,410 + $5,734,429) ÷ 2
Arista Networks has a much higher return on assets ratio than Cisco Systems.
Requirement 3
Cisco Systems is much more heavily leveraged than is Arista Networks. This means
that more of Cisco’s assets are financed through debt compared to the assets of Arista.
This relatively higher level of debt allows Cisco to keep its equity base low, which
allows them to deliver an even higher return to the equity holders.
, RWP12-2 EDGAR Levi Strauss (ticker: LEVI) and Ralph
Lauren (ticker: RL)
Requirement 1
Levi Strauss:
$569.1
Profit margin = 9.2%
$6,168.6
Ralph Lauren:
$600.1
Profit margin = 9.7%
$6,218.5
Ralph Lauren has a slightly higher profit margin than Levi Strauss.
Ralph Lauren reports higher operating profitability as measured by EBITDA than
Levi Strauss.
Requirement 3
Levi Strauss:
Cost of goods sold ÷ $2,619.8
= 42.5%
Net Revenues $6,168.6
Ralph Lauren:
Cost of goods sold ÷ $2,071.0
= 33.3%
Net Revenues $6,218.5
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