Consolidated Statements of Operations and Comprehensive Income
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Consolidated Statements of Operations and Comprehensive Income
For this assignment you will take the role of either a potential investor or creditor and perform a limited ratio analysis of two grocery store chains – Albertsons and Kroger. Additional details related to requirements are discussed on page two.
Below are links to the two companies’ annual reports. All ratios should be based on the most recent year (or years when computing averages) of these financial statements.
Albertsons – the link below takes you to their 10K. The Consolidated Balance Sheet is on page 52 and the Consolidated Statements of Operations and Comprehensive Income (i.e. Income and Comprehensive Income Statement) are on page 53.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001646972/11dcaae0-aae8-4c49-a76c-eb24f919cf51.pdf
Kroger – the link below takes you to their Annual Report and Proxy Statement. The Annual Report is in the second section of the document (immediately following page 62). The Consolidated Balance Sheet is on page 45 of this second section and the Consolidated Statements of Operations (i.e. Income Statement) is on page 46.
http://s1.q4cdn.com/137099145/files/doc_financials/2019/ar/2019-Annual-Report.pdf
Other relevant information that will assist you in computing ratios:
1). Assume all Sales are on Account for both companies.
2). If using earnings per share, do not compute the ratio, but use the amounts given for Basic Earnings per Share on each company’s Income Statement.
3). If computing Book Value Per Share use the weighted average number of shares outstanding reported on each company’s income statement for Basic earnings per share.
4). For Kroger
Add ‘store deposits in transit’ to ‘cash’ if computing the Acid test ratio.
Use FIFO Inventory when computing ratios using inventory (i.e. ignore the adjustment for LIFO reserve).
For net income – use the line: Net Earnings Attributable to the Kroger Company.
If computing the Price Earnings ratio, use a stock price of $31.90 per share.
5). For Albertsons
Ratios requiring net income – be sure to use the line Net Income (NOT Comprehensive Income).
If computing the Price Earnings ratio, use a stock price of $15.73 per share.
REQUIREMENTS:
1). Role and Ratios
Decide whether you are analyzing these companies as a potential investor or potential creditor, then select NINE of the ratios presented in this chapter that you believe would be of interest to an individual in this role. Additionally –
Do not use either the dividend payout or dividend yield ratios. Albertsons went public in 2020 and recently declared its first dividend as a public company. Thus, comparisons using these ratios would provide limited information for evaluation.
You must use at least one ratio from each of the four categories identified in the text book.
Do not count the Accounts Receivable Turnover and the Average Collection Period as two separate ratios –they measure the same thing (the first in times per year the second in number of days)
Do not count the Inventory Turnover and the Average Sale Period as two separate ratios – they measure the same thing (the first in times per year and the second in number of days).
A summary of the ratio categories and ratio formulas is presented on pages 678-679 of the text. Be aware that computations of some ratios might vary slightly from source to source (i.e. if you were to Google a specific ratio the formula might be slightly different). For this assignment, ALL ratios will be graded using the formulas in the text (regardless of alternate computations you might find elsewhere). You must show your work for reach ratio computed.
Grading – 1 per ratio, per company, graded using formulas presented in the textbook.
2). Analysis
Write a paragraph (no longer than ½ page) explaining which company you prefer. Your paragraph should include:
Whether you are a potential investor or creditor.
A brief summary of why you chose the specific ratios you did (why are they important to an individual in your role).
A brief summary of how you arrived at your preference. Do not do a ratio by ratio comparison stating which company performs better, but a clear summary, discussing important points that influenced your decision.
When doing this assignment, your selection of role and ratios and your analysis should be completely your own. While there will logically be some overlap among students with regard to ratios selected, this section is open-ended enough that there should be no notable similarities in writing. DO NOT COPY OR PARAPHRASE from the text or from anyone else or the assignment will receive a zero.
Grading – based on the clarity and cohesiveness of your summary.
3). General presentation
Grading – based on an overall document that is clearly presented, with well-labeled ratios for each company with well documented computations.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
CLICK ON THE LINK HERE: https://www.perfectacademic.com/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!!