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can I get solutions for this problem
Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
125 Votes
Contents
Common size income statement and balance sheet of Ross stores (Vertical Analysis) ................. 2
Common size income statement and balance sheet of TJX companies Inc (Vertical Analysis) .... 6
Common size income statement and balance sheet of Ross stores (Horizontal Analysis) ........... 10
Common size income statement and balance sheet of TJX Companies Inc (Horizontal Analysis)
....................................................................................................................................................... 13
Common size income statement and balance sheet of Ross stores (Vertical Analysis)
Ross stores
Common size income statement (Vertical analysis)
($000, except per share
data) Year 2011 Year 2010 Year 2009
Amt. (in $) Percentage Amt. (in $) Percentage Amt. (in $) Percentage
Sales 8608291 100.00% 7866100 100.00% 7184213 100.00%
Costs and Expenses
Costs of goods sold 6240760 72.50% 5729735 72.84% 5327278 74.15%
Selling, general and
administrative 1304065 15.15% 1229775 15.63% 1130813 15.74%
Interest expense, net 10322 0.12% 9569 0.12% 7593 0.11%
Total costs and
expenses 7555147 87.77% 6969079 88.60% 6465684 90.00%
Earnings before taxes 1053144 12.23% 897021 11.40% 718529 10.00%
Provision for taxes on
earnings 395974 4.60% 342224 4.35% 275772 3.84%
Net earnings 657170 7.63% 554797 7.05% 442757 6.16%
Ross stores
Common size Balance sheet (Vertical analysis)
($000, except share
data) Year 2011 Year 2010 Year 2009
Amt. (in $) Percentage Amt. (in $) Percentage Amt. (in $) Percentage
Assets
Cu
ent Assets
Cash and cash
equivalents 649,835 19.68% 833,924 26.76% 768,343 27.75%
Short-term investments 658 0.02% 3,204 0.10% 1,754 0.06%
Accounts receivable 50,848 1.54% 45,384 1.46% 44,234 1.60%
Merchandise inventory 1,130,070 34.23% 1,086,917 34.88% 872,498 31.51%
Prepaid expenses and
other 87,362 2.65% 63,807 2.05% 58,618 2.12%
Defe
ed income taxes 5,598 0.17% 10,003 0.32% 0 0.00%
Total cu
ent assets 1,924,371 58.29% 2,043,239 65.57% 1,745,447 63.04%
Property and
Equipment
Land and buildings 338,027 10.24% 241,138 7.74% 239,688 8.66%
Fixtures and equipment 1,408,647 42.67% 1,258,707 40.39% 1,189,538 42.96%
Leasehold
improvements 657,312 19.91% 584,306 18.75% 536,979 19.40%
Construction-in-
progress 131,881 3.99% 69,237 2.22% 21,812 0.79%
2,535,867 76.82% 2,153,388 69.10% 1,988,017 71.81%
Less accumulated
depreciation and
amortization 1,294,145 39.20% 1,169,612 37.53% 1,045,018 37.74%
Property and
equipment, net 1,241,722 37.61% 983,776 31.57% 942,999 34.06%
Long-term investments 5,602 0.17% 14,082 0.45% 16,848 0.61%
Other long-term assets 129,514 3.92% 75,107 2.41% 63,339 2.29%
Total assets 3,301,209 100.00% 3,116,204 100.00% 2768633 100.00%
Liabilities and
Stockholders’ Equity
Cu
ent Liabilities
Accounts payable 761,717 23.07% 767,455 24.63% 658,299 23.78%
Accrued expenses and
other 304,654 9.23% 292,174 9.38% 259,582 9.38%
Accrued payroll and
enefits 248,552 7.53% 235,030 7.54% 218,234 7.88%
Income taxes payable 31,129 0.94% 57,661 1.85% 51,505 1.86%
Defe
ed income taxes 0 0.00% 0 0.00% 2,894 0.10%
Total cu
ent
liabilities 1,346,052 40.77% 1,352,320 43.40% 1,190,514 43.00%
Long-term debt 150,000 4.54% 150,000 4.81% 150,000 5.42%
Other long-term
liabilities 203,625 6.17% 189,989 6.10% 174,543 6.30%
Defe
ed income taxes 108,520 3.29% 91,203 2.93% 96,283 3.48%
Commitments and
contingencies
Stockholders’ Equity
Common stock, par
value $.01 per share 2,269 0.07% 2,362 0.08% 1,229 0.04%
Authorized
600,000,000 shares
Issued and outstanding
226,864,000 and
236,126,000 shares,
espectively.
Additional paid-in
capital 788,895 23.90% 739,545 23.73% 681,908 24.63%
Treasury stock (62,262) -1.89% (46,408) -1.49% (36,864) -1.33%
Accumulated other
comprehensive income 635 0.02% 488 0.02% 170 0.01%
Retained earnings 763,475 23.13% 636,705 20.43% 510,850 18.45%
Total stockholders’
equity 1,493,012 45.23% 1,332,692 42.77% 1,157,293 41.80%
Total liabilities and
stockholders’ equity 3,301,209 100.00% 3,116,204 100.00% 2,768,633 100.00%
Common size income statement and balance sheet of TJX companies Inc (Vertical Analysis)
TJX Companies Inc.
Common size income statement (Vertical analysis)
(Amount in thousands) Year 2011 Year 2010 Year 2009
Amt. (in
$) Percentage
Amt. (in
$) Percentage
Amt. (in
$) Percentage
Net sales 23191455 100.00% 21942193 100.00% 20288444 100.00%
Cost of sales, Including buying
and occupancy costs 16854249 72.67% 16040461 73.10% 14968429 73.78%
Selling, general and
administrative 3890144 16.77% 3710053 16.91% 3328944 16.41%
Provision (Credit) for computer
intrusion related costs 0 0.00% -11550 -0.05% 0 0.00%
Interest expense, net 35648 0.15% 39137 0.18% 39509 0.19%
Income from continuing
operations before provision for
income tax
2411414 10.40% 2164092 9.86% ...
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