Preview

Accounting and Finance: Managerial Use and Analysis

Powerful Essays
Open Document
Open Document
1667 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting and Finance: Managerial Use and Analysis
Rahul Balhara
Accounting and Finance: Managerial Use and Analysis MAR12 Sec C
Financial Statement Analysis Project -- A Comparative Analysis of Kohl’s Corporation and J.C. Penney Co MAR12 Sec C
Analysis of Kohl’s Corporation and J.C. Penney Corporation

J.C. Penney was founded by James Cash Penney in 1902. This Plano, Texas based company is presently providing family apparel and footwear, accessories, jewelries, beauty products and home furnishings via 1,100 department stores as of December 7, 2011 in the United States and Puerto
Rico. The company is also taking advantage of technology by making JC
Penney's products available online through its Internet Web Site jcpenney.com. This more than a century old company also provides styling salon, optical, portrait photography and custom decorating services. The
159,000 present employees are dedicated in rendering outstanding service in the world of retail.
Kohl's Corporation presently operates 1,127 department stores in 49 states.
This Wisconsin based corporation serves the Unites States via traditional and online shopping (kohls.com). It offers private, exclusive and national branded apparel, footwear and accessories for men, women and children.
The company was founded by Max Kohl in 1962 in Brookfield, WI. Today,
30,000 employees are dedicated in leading a family-focused and value- oriented store in the United States.

Kohl's Corporation
J.C. Penney Corporation
Earnings per share
As given in the income statement
$3.67
Current ratio Current assets
Current liabilities
$5,645,000,000
$2,710,000,000
=
2.08
$6,370,000,000
$2,647,000,000
Gross Profit Ratio
Gross profit Net Sales $7,032,000,000 =
$18,391,000,000
38.24% $6,960,000,000
$17,759,000,000

Profit margin ratio
Net Income Net Sales $1,114,000,000 =
$18,391,000,000
6.06% $389,000,000
$17,759,000,000
Inventory Turnover
Cost of Goods Sold
Average Inventory
$11,359,000,000
$2,979,500,000

You May Also Find These Documents Helpful

  • Good Essays

    Legally the financial vice president is not obligated to move to the new standard; however, I do see an ethical issue with this decision. The ethical decision lies in the fact that the vice president is knowingly presenting financial statements that do not reflect the true condition of the company. This is a great example of the line between ethics and law. Technically, if one is not breaking a law, then one is not creating fraud; however, this does not imply that the actions are not controversial, particularly if they impact employees’ well beings.…

    • 639 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Dupont System Analysis

    • 2463 Words
    • 10 Pages

    Individual Assignment Ratio Analysis of SAMSUNG ELECTRONICS Full name: Cao Thi Thanh Huyen Class: FB0603 ID Number: FB00038 DuPont Analysis of SAMSUNG 2009 ( in thousands of US dollars) Income Statement Balance Sheet Dupont Ratio Sales $ ROE ROA 119,697,664 - Income Statement Cost of Goods sold $ 83,058,093 Net profit after taxes $ 6,252,868 divided by Operating Expense $ Net Profit Margin 27,782,143 Interest Expense $ 470,003 5.22% $ Sales 119,697,664 Tax Expense $ 2,134,557 multiplied by Return on Assets (ROA) 6.35% Sales $ 119,697,664 Current Assets $ Total Asset Turnover divided by 47,599,699 1.22 + Balance Sheet Net Fixed Assets $ 50,898,667 $ Current Liabilities 30,032,860…

    • 2463 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Financial Accounting

    • 8272 Words
    • 34 Pages

    D. To provide information on both the costs and benefits of looking after products and services.…

    • 8272 Words
    • 34 Pages
    Satisfactory Essays
  • Powerful Essays

    Define the matching principle and explain why it is important to users of financial statements.…

    • 2282 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Financial Accounting

    • 1569 Words
    • 7 Pages

    I)Frontier Park was started on April 1 by C.J Mendez and associates. The following selected events and transactions occurred during April.…

    • 1569 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Shpak, S. (2013). Five Types of Budgeting in Managerial Accounting . Retrieved July 14, 2013,…

    • 4213 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Managerial accounting is concerned with providing information to managers – that is , people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes , procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced certification that addresses all important aspects of accounting inside organization.…

    • 1061 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    * Use: The information derived from financial accounting is used by managers, investors, bankers, financial analysts and accountants, helping them to learn how to use information effectively and to do their jobs better. This information is essential to accountants for the services they provide.…

    • 4570 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    BUSINESS FINANCE AND MANAGEMENT ACCOUNTING Unit short code : BUSFINACC REFERRAL CW1 , JULY 2012 QUESTION 1 Adjustments | | | | | | | Closing stock = £111 317 | | | | | | Ordinary shares = 300 000 | | Preference shares = 50 000 | | nominal value = £0.5 | | | nominal value = £1 | | | share capital = 300 000* 0.5 = £150 000 | | share capital = £ 50 000 | | ordinary share dividend = 18% | | preference share dividend = 12% | | ordinary dividend = 150 000 * 0.18 = £27 000 | | preference dividend =…

    • 800 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    AC1010 Financial and Management Accounting for Managers Course Work for Semester 2 Submitted by: Emerson K.Yip G-number: Date: May 1, 2013 Table Content : Page 1. Calculation of Standard Cost per unit for each of the products 3 2. Reconciliation Statement between Standard cost at actual 7 production and Actual Cost of Production. 3.…

    • 2236 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    This paper deals with the basic techniques for the identification and control of costs and cost management. It introduces the context of management accounting in commercial and public sector bodies and its wider role in society. It identifies the position of the management accountant within organisations and the role of CIMA. Classification of costs and cost behaviour provides a basis for understanding the various tools available for planning, control and decision making. Budgetary control requires the setting of targets and standards while the analysis of variances demonstrates the levels of performance within organisations. Accounting control mechanisms are identified and applied to provide information to managers to achieve operational efficiency. Investment appraisal, break-even analysis and profit maximising are used to aid both long and short-term decision making…

    • 462 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Financial Accounting

    • 2536 Words
    • 11 Pages

    [pic] MODULE ASSIGNMENT | | | | |Student Name: Nguyễn Thanh Lam | | | |Student Number: BAFM 0111HN - 020 | | | |Module Tutor: | | | |Module Title / Assignment Number: Financial Accounting | | | |Submission Date: January 6th | | | | | |Extension Date (including authorising signature): | Tutor’s signature Date Second Marker (if appropriate) Date |Provisional Mark | | |Subject to approval by HKICHE |…

    • 2536 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Financial Accounting

    • 1181 Words
    • 5 Pages

    Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning, controlling and decision making.…

    • 1181 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Book-keeping is the science and art of recording transactions in money or money’s worth so accurately and systematically, in a certain set of books, regularly that the true state of businessman’s affairs can be correctly ascertained.…

    • 2261 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Financial Accounting

    • 2997 Words
    • 12 Pages

    BE1-1 Briefly define accounting. What are the three main characteristics of accounting? Is accounting static or dynamic?…

    • 2997 Words
    • 12 Pages
    Good Essays