Crazy Eddie‚ Inc. Common Size Balance Sheets March 1‚ 1987 March 1‚ 1986 March 1‚ 1985 May 31‚ 1984 Cash 3.17% 10.47% 33.99% 3.76% Short-term investments 41.36% 21.14% 0.00% 0.00% Receivables 3.68% 1.77% 4.18% 7.12% Merchandise inventories 36.99% 47.16% 40.51% 63.83% Prepaid expenses 3.61% 1.86% 0.98% 1.41% Total current assets 88.81% 82.40% 79.66% 76.12% Restricted cash 0.00% 2.64% 10.77% 0.00% Due from affiliates 0.00% 0.00% 0.00% 15.69% Property‚ plant and equipment
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Crazy Eddie Case Questions 1. Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk. There were several red flags in Crazy Eddie’s financial statements. The company’s higher-than-normal level of audit risk can be determined by completing a ratio analysis of the financial statements. An analysis of key ratios
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Crazy Eddie 1. 2 . If better‚ more complete audit procedures were performed‚ it is likely that many of the major accounting irregularities and fraudulent practices could have been uncovered. a) The falsification of inventory count sheets: The auditors could have conducted full physical inventory counts‚ or performed random inventory counts at warehouses or stores undisclosed to the management at Crazy Eddie prior to the tests. This would have prevented the management from strategically
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CASE 1.8 Crazy Eddie‚ Inc. In 1969‚Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150square feet of floor space in New York City 1 Despite this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. Antar
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pondering the question of what I should write my paper on I was flipping through the channels on the television. As I scrolled through I stopped on the movie The Nutty Professor. The actor that I love and am impressed by in this movie is non other than Eddie Murphy. Mr. Murphy is a comedian and professional actor that is very well known and very well respected. With this paper I hope to tell about the life and the professional aspects of this amazing actor. Edward Regan Murphy was born April 3rd‚ 1961
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Core problems There are several issues for Eddie Bauer‚ Inc. to tackle‚ low profit margin ratio‚ high sales return and high inventory level‚ and brand positioning. Analysis of the problems Eddie Bauer yielded the lowest net income among its competitors like The Gap‚ A & F and Land’s End. It achieved similar gross profit margin but got a poor performance on overall net income at 1% because it suffered from high expenditure on SG&A in both retail and catalog operations which accounted for 37%
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CRAZY EDDIE ANALYSIS In 1969‚ Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150 square feet of floor space in New York City. In spite of this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Crazy Eddie Inc. was a retail consumer electronics store in New York City‚ by 1987; Crazy Eddie Inc. had 43 retail outlets‚ sales exceeding $350million‚ and outstanding stock
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the indigenous people. The most respected and recognised of these is Eddie Mabo‚ a Torres Strait Islander. Mabo stood up for the rights of his people from a very young age all the way to his death‚ in order to generate changes in the policies and laws of the government. Mabo battled for his right to own the land which he had inherited from his adoptive father‚ a fight which was resolved only after his demise. Despite this‚ Eddie Mabo became one of the key influential figures in the Aboriginal rights
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Eddie Chapman Eddie Chapman was an English criminal and spy during World War 2. Prior to the war Chapman was a notorious criminal and womaniser. He was constantly in trouble with the law. However after war broke out he went on to become one of England’s greatest assets against the Germans. Eddie Chapman was born on 16 November 1914 in Burnopfield in County Durham‚ England. He became a notorious safecracker with London West End gangs‚ spending several stretches in jail for these crimes. He had affairs
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crazy eddiCase 1.8 Crazy Eddie‚ Inc. Term A2/Spring 2013 March 19‚ 2013 Table of Contents Issues…………………………………………………………………………………………...3 Facts…………………………………………………………………………………………….4 Analysis and Conclusions…………………………………………………………………….6 Conclusions…………………………………………………………………………………….9 Issues 1. Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddie’s financial statements that suggested the firm possess a higher-than-normal
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