1. 2. 3. 4. 5. 6. 7. (PepsiCo, Inc.) 1997.12.27-1998.12.26 ( ) 1998 1997 $22348 $20917 9330 8525 9924 9241 222 199 288 290 2584 2662 (395) (478) 74 125 2263 2309 270 818 1993 1491-651 $1993 $2142 (PepsiCo, Inc.) Pepsi-ColaFrito-Lay Tropicana Frito-Lay Frito-Lay (PepsiCo s)35% 69% Frito-Lay 1998 65600000 gsmer
gsmer $ $
Sandals $28 sandals sandals $1 $ $50 $100 $30 $60 $3030 $40 gsmer
gsmer
gsmer $10 $20 $10 $100 $10 $120 $10 $(30) $10 $90 eva sandals eva sandals $20 $100 $120 $30 $90
sandals $31,10 $32 11 100 sandals $30 $31 $32 chevrolet $14000 $17000 $19000 $2000($19000-17000$) $14000 10 $10 $100 25 $14 $350 25 $18 450 800 900 20 $? gsmer
40 $? B A 60 $15* $900 20 $15 300 40 $15 $600 $900 60 $15 60 A $900 20 20 $18 40 10 $10( ) $100 25 $14 350 5 $18 90 360 $540 60 A $900 20 10 $10 $100 10 $14 140 (240) 40 25 $18 $450 15 $14 210 $660 6-4 $360 $540A B gsmer
6-4 $240 $660 6-5 6-4 6-5 $1000 $1000 $1000 $900 $900 $900 360 240 300 540 660 600 $460 $340 $400 6-5 gsmer
$460 $340 $400 260 260 260 $200 $ 80 $140 40% $80 $32 $ 56 $32, $80 6-6 600 6-6 1 2 gsmer
3. 6-5 $660 $540 270 6-7 6-7 gsmer
P olaroid Corparation JC Penney Company Black Corportion $390 1 IBM 20X1 1 1 1 100 $8 1 6 60 $9 1 13 70 $20 1 21 150 $9 1 24 210 $22 1 27 90 $10 1 30 30 $25 $1,900 1 P293 6-2 2 IBM a. b. c. d. e. 1 IBM 20X1 1 gsmer
$6,770 $6,770 $6,770 $800 $800 $800 $2,790 $2,790 $2,790 $3,590 $3,590 $3,590 $900 $720 $808 $2,690 $2,870 $2,782 $4,080 $3,900 $3,988 $1,900 $1,900 $1,900 $2,180 $2,000 $2,088 :70$20 210$22 30$25=$6,770 100$8=$800 60$9+(150$9) 90$10 $2,790 90*$10900 90$8720 90$8.795**$808$807.75 * 1006070150210903090 **$3,590/400 # $8.975 # 1006015090400 2 a. $8 $10 b. c. d. e. gsmer
gsmer Sun CompanyInc. Sun 6 Sun Sun 19X1 $3,000,000 Wendy s 5 100 Wendy s Wendy s $35,000 $12,000 $12,000
LCM Decker Outdoor Corporation 9 26 $3,000 11 31 $2,200 $2,200 68 68 $ XXX $ XXX $ XXX $3,000 $2,200 $ XXX $ XXXX $20,000 $2,800 $11,000 $13,800 $3,000 $2,200 $2,200 $11,600 $8,400 68 $800 gsmer
$800 $800 CBSInc. 1 69 1 1 $5,000 1 3 1 3 69 1 2 3 $5,000 $5,000 $100,000 $100,000 $100,000 $10,000 $15,000 $10,000 $50,000 $50,000 $50,000 $60,000 $65,000 $60,000 $15,00 ($10,000) ($10,000) 0 $45,000 $55,000 $50,000 $55,000 $40,000 $50,000 $100,000 Carl High 1 2 2 3 2 2 1 1 2 610 610 1 2 1 1 Decker s 6 9 1 2 3 $50,000 gsmer
0 Datapoint Corporation MiciScribe Datapoint San Antonio Datapoint Datapoint $10,000,000 $3,000,000 MiciScribe $4,000,000 61 / $36,580/$102,172=0.358=35.8% 36% 64 Deckers 35.8% 36.3. Robert Morris Associate Annual Statement Sdudies gsmer
25.7 22.8 14.1 611 Deckers Outdoor Wal-Mart 611 Deckers Outdoor Corporation 61 / / 2 $65,592/$18,979$23,665 23.1 / 119 3.2 612 Deckers Outdoor Wal-Mart 612 611 612 Wal-Mart Deckers Outdoor Wal-Mart STOP THINK $2,350 $1,980 $14,550 */ **$14,920/$2,1657 / *$2,350$14,450$1,980$14,920 **$2,350$1,980$2,165 gsmer
Deckers 100 Teva Deckers Foot Locker Macy s Deckers Deckers Deckers Teva 613 A T B 613 A $560,000 $600,000 $4,000 $25,000 $5,000 $14,000 $560,000 613 A T 1 $560,000 560,000 560,000 560,000 560,000 0 2 $900,000 $540,000 900,000 900,000 900,000 0 900,000 540,000 540,000 gsmer
540,000 0540,000 100,000* 540,000 540000 560,000 120,000 * $100,000 B $900,000 $540,000 $360,000 $ XXX $ XXX $ XXX $120,000 $ XXX 62 2/10n/30 10 2 10 30 gsmer
gsmer 1 2 3 4 5 6 7 614
1 2 6-15 6-15 14000 66000 80000 100000 40% 40000 60000 20000 70000 292000 480000 40% 74000=[70000+292000 0.60*480000] 6-16 6-13 6-16 gsmer
1998 12 31 98029 65960 40208 1171 846 10156 1998 980 660 1998 101 12 6-17 6-17 20XX 12 31 100000 2000 3000 95000* 10000 49000 1000 4000 4000 3000 47000 57000 12000 45000** 50000 5000 1000 gsmer
6000 12000 2000 2000 4000 8000 30000 40% 12000 18000 * ** FIFO LIFO Excel Excel John Kalinich Flagstaff Teva Teva Sport Sandals Teva John Kalinich 7 1 2000 30.00 7 6 600 31.25 7 17 400 33.50 gsmer
7 28 200 34.75 7 1800 69.00 1. 2. 3. John Kalinich 1. Excel 2. a. 6 b. c. Teva d. 3. John Kalinich 4. 5. 6. Excel 7. Mesa Mesa Hardware Company20X2 60000 36000 20X2 Mesa 352500 No.1100000 65000 No.2270000 175500 No.3160000 112000 326000 Mesa 20X2 520000 660000 630000 240500 211000 Mesa 12 31 35% gsmer
1. Mesa 2. 20X2 12 31 Mesa a. b. 3. 6-2 Mesa 4. Mesa 20X2 5. Mesa 40% 6 7% Mesa 1 65000+175500+112000 352500 352500 326000 326000 660000 660000 339500 339500 [36000+65000+175500+6300090000 *0.70]112000/160000 =0.70 / 630000 630000 240500 211000 29500 28000 28000 660000-339500-240500*.35=28000 2 a. 36000 339500 352500 4900 b. 60000+100000+270000+160000-520000 70000 *0.70 49000 3 gsmer
36000 352500 388500 49000 339500 4 Mesa 20X2 12 31 660000 339500 320500 240500 80000 28000 52000 5 320500/660000=48.6% 339500 (36000 + 49000) / 2 52000/660000=7.9% = 8 Mesa 1. + - = 2. 3. 4. gsmer
5. 1 2 6. 7. (conservatism) (consistency principle) (cost of goods sold) (cost-of-goods-sold model) (cost of sales) (disclosure principle) (first-in, first-out (FIFO) method) (freight-in) (gross margin) (gross margin percentage) (gross profit) (gross profit method) (gross profit percentage) (inventory profit) (inventory turnover) (last-in, first-out (LIFO) method) (lower-of-cost-or-market (LCM) rule) (materality concept) (periodic inventory system) (perpetual inventory system) (purchase allowance) (purchase discount) (purchase return) (specific -unit-cost method) (weighted-average cost method) 1. gsmer
2. 3. a. 10000 85000 12700 b. 32000 11900 12700 4. 5. 6. 7. 8. 9. 10. 11. Manley 45000 47000 42000 47000 12. Gabriel 40000 13. 14. Olivera 22000 71000 140000 Olivera 40% 15. 16. DuBois 50000 46000 30000 20000 28000 DuBois 6-1 1 Karas 1000 60 40 800 20X0 12 31 Karas gsmer
6-2 12 6-4 1. 2. 3. 6-3 12 6-4 30 40 a. b. c. 6-4 2 IKON IKON 100 9.14 9 8 IKON 800 13 700 20 4000 6-5 3 6-4 6-4 IKON 40% IKON a b 266 6-6 3 6-7 3 Quaker 3 1 2 28 63000 3 260000 159000 182000 83000 40%3 31 85000 gsmer
78000 A B C D E 1 QUAKER 2 3 20XX 3 4 5 6 7 260000 260000 260000 260000 8 9 63000 63000 63000 63000 10 159000 159000 182000 182000 11 12 13 14 85000 78000 85000 78000 15 16 17 18 19 83000 83000 83000 83000 20 21 22 23 24 $ $ $ $ 25 6-8 3 Tomassini 3 70% Larry Tomassini Larry Tomassini Tomassini Larry Tomassini Larry Tomassini 6-9 3 gsmer
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 6-10 4 Pharmacia 20X4 3 Pharmacia Pharmacia 92000 45100 46900 Pharmacia 30000 2000 3 1 9400 Pharmacia 3 3 31 6-11 4 MERK 20X3 9 30 20X2 9 30 MERK 20X3 9 30 20X2 9 30 20X3 20X2 137300 121700 14000 12800 72000 66000 86000 18800 16600 14400 69400 64800 67900 56900 30300 26100 37600 30800 20X3 20X2 2000 gsmer
6-12 7 6-1 6-13 1 Schmeltekopf 20X4 12 31 12400 18000 110000 225000 Schmeltekopf 20X3 13050 Schmeltekopf 20X412 31 17200 Schmeltekopf 20X4 6-14 6 Goodrich 20X1 12 31 20X0 12 31 370 2900 80%20% 2800 4390 20X1 12 31 1. Goodrich 6-13 2. 6-15 6 6-3 1. 10 gsmer
2. 10 300 3. 6-16 1 Home Depot 1999 1 31 302 303 36 43 223 214 Home Depot 1. Home Depot 2. Home Depot 6-17 7 1 39000 37600 60000 40% 6-18 23 a. b. IBM c. d. e. f. 6-19 2 Whirlpool 19X9 6757 4967 gsmer
1397 93 300 100 200 4 8 1. 2. Whirlpool 3. Whirlpool 33% 6-20 5 Hershey Hershey 19X7 12 31 19X6 12 31 19X7 19X6 4302 3989 2489 2302 1183 1124-35 76 48 218 207 336 273 Hershey 19X7 19X6 Hershey 19X7 19X6 19X5 12 31 506475 516 A 6-1A 1 Mobil convenience store 20X4 5% gsmer
20X4 12 31 100000 120000 MOBIL CONBENIENCE STORE 20X3 12 31 900000 720000 180000-90000 90000 MOBIL CONBENIENCE STORE 20X3 12 31 40000 30000 70000 190000 270000 220000 160000 380000 380000 1. 20X4 2. 20X4 120000 6-2A 12 Eddie Bauer 3 50 19 36 3 Eddie Bauer 3 2 12 20 37 3 8 27 19 36 3 13 23 19 36 1 20 37 3 17 24 20 37 3 22 27 20 37 3 29 24 21 39 a) Eddie Bauer Bauer b) 3 3 c) 3 31 6-3A 23 Tailwind 12 140 76 12 gsmer
12 3 217 81 12 12 95 82 12 18 210 84 12 24 248 87 229 1. 1 1 2. Tailwind 40% 6-4A 1 DeSoto 12 31 1 1 300 3.00 1215 100 3.15 2 6 800 3.15 2520 3 19 600 3.35 2010 8 12 460 3.50 1610 10 4 700 3.70 2590 3 12 500 4.10 2050 4 9 1100 4.20 4620 8 12 300 4.50 1350 11 2 600 4.50 2700 12 18 100 4.80 480 12 31 11200 1. 1 1 2. 6-5A 4 Paragon Paragon Paragon 20X2 12 31 Paragon 2000000 Paragon 8900000 Paragon 27400000 Paragon gsmer
Paragon 6-6A 4 20X3 20X2 20X1 210 165 170 15 25 40 135 100 90 150 125 130 30 15 25 120 110 105 90 55 65 74 38 46 16 17 19 20X4 20X1 2 20X3 5 20X2 12 31 1. 2. 6-7A 5 19X5 12 31 19X4 12 31 143666.1 134759.8 11664.0 9418.8 8531.0 6412.9 4967.5 4359.7 168828.6 154951.2 126535.3 117220.5 13514.7 12233.7 19X5 12 31 19X4 12 31 gsmer
11044.3 10939.0 5598.6 5136.6 16642.9 16075.6 Finance receivables 58732.0 54077.3 9988.4 8977.8 11529.5 10127.8 19X5 12 31 19X4 12 31 110496 107137 101171 95887 6044 5424 107215 101311 3281 5826 19X5 12 31 19X4 12 31 5750 4481 6656 7602 12406 12083 3321 2548 7162 6487 4192 5068 200 677 27281 26863 1. 19X5 2. 6-8A 1 May Department Store Company 300 Lord & Taylor, Hecht s, Foleys, Robinson-May, Kaufmanns, Filene s Basement Lord & Taylor 1 31 Lord & Taylor 20X0 50000 1500000 3 60000 32 1920000 8 40000 34 1360000 10 180000 35 6300000 9580000 gsmer
9110000 20X0 300000 13400000 4700000 2130000 40% 1. Lord & Taylor 20X0 1 31 2. 20X0 1 31 3. Lord & Taylor 20X0 1 31 6-9A 7 Thornhill ThornHill ThornHill 20% 3 1 1292000 3 6585000 149000 8000 8657000 17000 1. 2. ThornHill 3 B 6-1B 1 Exxon 20X5 10% 20X5 12 31 50000 90000 Exxon 20X4 12 31 800000 660000 gsmer
140000-80000 60000 Exxon 20X4 12 31 70000 35000 35000 280000 360000 315000 150000 465000 465000 1. 20X5 2. 20X5 90000 6-2B 12 20X0 8 50 40 70 8 8 3 16 40 70 8 8 80 41 72 8 11 34 40 70 8 19 9 41 72 8 24 35 41 72 8 30 18 42 73 8 31 8 41 72 1. 2. 8 8 3. 8 31 6-3B 23 Seqouia 3 73 23 12 3 4 113 27 3 12 81 29 3 19 167 32 3 25 44 35 3 31 48 gsmer
1. 1 1 2. Seqouia 40% 6-4 B 1 Las Colinas 12 31 1 1 700 7.00 4900 1 6 300 7.05 2115 3 19 1100 7.35 8085 6 22 8400 7.50 63000 10 4 500 8.50 4250 2 5 1000 12.00 12000 4 10 700 12.10 8470 7 31 1800 13.25 23850 9 4 3500 13.50 47250 11 27 3100 14.00 43400 12 31 11200 1. 2. 6-5 B 4 MJ Design MJ Design MJ Design 20X2 12 31 MJ Design 1000000 MJ Design 4900000 MJ Design 29600000 MJ Design MJ Design 6-6 B 4 Glen Oaks 20X3 20X2 20X1 360 285 244 65 55 70 gsmer
195 135 130 260 190 200 70 65 55 190 125 145 170 160 99 113 109 76 57 51 23 20X4 20X1 2 20X3 3 20X2 12 31 1. 2. 6-7 B 5 19X6 1 31 19X5 1 31 93627 82494 1122 918 94749 83412 74564 65586 14951 12858 19X6 1 31 19X5 1 31 83 45 853 900 15989 14064 406 329 17331 15338 May Department Store Company 300 Lord & Taylor, Hecht s, Foleys, Robinson-May, Kaufmanns, Filene s Basement 19X6 1 31 gsmer
19X6 1 31 19X5 1 31 10507 9759 445 348 7461 6879 2081 1916 250 233 9792 9028 1160 1079 460 429 700 650 19X6 1 31 19X5 1 31 12 8 147 40 2403 2432 2134 1813 169 182 Net cuurent assets of 232 243 discontinued operation 5097 4718 1. 19X6 2. 6-8 B 1 Toys Us Toys Us 1 31 San Antonio Toys Us 20X5 20000 1200000 4 30000 65 1950000 8 50000 65 3250000 11 90000 70 6300000 11500000 11390000 20X5 180000 16400000 5300000 Toys Us 3710000 80 40% gsmer
1. Toys Us 20X5 1 31 2. 20X5 1 31 3. Toys Us 20X5 1 31 6-9 B 7 MacKay MacKay MacKay 20% 7 1 367000 7 5789000 26000 12000 6430000 25000 1. 2. MacKay 7 1 23 Bluebonnet 745000 1 1000 100.00 100000 7 4000 121.25 485000 11 1000 160.00 160000 745000 5000 1200000 300000 5000 5 160 160 1000 1. 160 1000 gsmer
2. 3. 2 234 1. a b 2. Outback Outback 3. 20X2 American Fabricators, Inc.AFI 20X3 AFI 1. 2. 3. 1 23 The Gap s A 1. 1999 1 31 The Gap s 1998 1 31 2. The Gap 3. 1999 1 30 2 gsmer
23 1. 2. 3. 4. 5 10 10 5 1. Moody s Industrial Manual 2. Robert Morris Associates, Annual Statement Studies; Dun and Bradstreet, Industry Norms and Key Business Ratios; or Leo Troy, Almanac of Business and Industrial Financial Ratios. 3. 4. NIKE 45 100 1. http://www.nikebiz.com/invest/financials.shtml 1 2. 3. 4. gsmer
5. 1998 A physical system 120000 540000 6-A 6-A 1. 560000 560000 560000 + - 0 560000-560000 2. 900000 900000 900000 + + 900000 0 +900000 3. a. 100000 100000 gsmer
b. 120000 120000 c. 560000 560000 100000* 100000 100000 120000 120000 560000 * 100000 540000 900000 100000 560000 660000 120000 540000 360000 XXX XXX XXX 120000 XXX 61A Magnum 20000 100000 140000 Magnum 40000 62A 61A 1. 2. 3. Magnum 61A GAAP gsmer
Abba 10 31 10 1 5 160 10 8 4 160 10 15 11 170 10 26 5 176 10 31 8 1. 5 160 3 170 2. 3. 4. 62A 61A 1. 10 2. 10 300 Abba 3. 10 31 Abba 4. 61A American Tourister 20X2 8 50 40 70 8 8 3 16 40 70 8 8 80 41 72 8 11 34 40 70 8 19 9 41 72 8 24 35 41 72 8 30 18 42 73 8 31 6 41 72 1. 2. 8 3. 8 gsmer
62A Big Gap 20X5 12 31 20X4 12 31 370 2900 80 20 4390 20X5 12 31 470 1. Big Gap 6A 2. B The Gap The Gap Internal Revenue Service LIFO Reserve 1 20X2 20X1 7856 6207 472 399 7384 5808 34786 1608 1 reserve gsmer
37 20X2 20X2 73 247399 20X2 20X2 34786 73 34713 > 73 37 27 46 1608 20X2 1654 The Gap 20X2 174.6 472.37 20X2 174.6 175 gsmer