Profit Margin = Net Income / Sales 2007 4.524726859 4.50% Return on Assets = a) Net income ÷ Total assets 6.094252729 6.10% b)(Net income ÷ Sales) x (Sales ÷ Total Assets) 6.094252729 6.10% Return on Equity = a) Net Income/Stockholders Equity 16.03851901 16.00% b) Return on Assets/ (1- Dept/Assets) 16.05364436 16% 2008 2009 5.422272581 3.989092813 5.40% 4.00% 7.233719667 5.706886679 7.20% 5.70% 7.233719667 5.706886679 7.20% 5.70% 18.54797792 15.0179937 18.50% 15% 18.46151733
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Dick’s Sporting Goods is known for selling all varitey sport equements like exerciseing meashon‚ fishing good‚ hunting products and all sport accessories as well as supplyies. The company was founded in 1948 by Richard Stack. He was currently woking at the Army/Navy store in his hometown which is New York. By the end of World War ll. His grandmother gave him $300 and he rented a store to start the first Dick’s Sporting Goods at that time. Slowly this compay stated to take off and he was expanding
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Goodwin Sporting Goods What are the key issues for Jim Jr. and Pam? Peter’s ability is questionable‚ but he is still interested in growing the business. Peter wants to own the business and Fred is looking to get the right amount of his share Business sustainability is the issue; the retail business is not doing so well. Lack of family planning is an issue. The family appears to be a bit spoilt and the expenses on the business are quite heavy. Are there things they could have done to avoid
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Solution Team 4 Spencer Sporting Goods 1. Sources of distress for Mr William Spencer: - Low cash balance because of the difficulties in collecting debts from clients - Pressure for prompt payments set by the suppliers - Fear that some of the suppliers can cancel Spencer’s exclusive regional rights - Losing discounts granted for prompt-payments - Keen competition from other distributors - Low performance of the partnerships
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1. 2004 Profit margin: 193‚200/4‚269‚871=4.5% Return on Assets: a) 193‚200/3‚170‚200=6.1% b) 193‚200/4‚269‚871 × 4‚269‚871/3‚170‚200 = 6.1% Return on Equity: a) 193‚200/1‚204‚600=16% b) .061/(1-1‚965‚600/3‚170‚200) = .061/.38 = 16% 2005 Profit margin: 243‚100/4‚483‚360 = 5.4% Return on Assets: a) 243‚100/3‚360‚650 = 7.2% b) 243‚100/4‚483‚360 × 4‚483‚360/3‚360‚650 = 7.2% Return on Equity: a) 243‚100/1‚310‚655 = 18.5% b) .072/(1-2‚049‚995/3‚360‚650) = .072/
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Case Analysis # 1 FINC 302 Profit Ratios for 2004: Profit Margin= Net income ÷ Sales 193‚200 ÷ 4‚269‚871 = 4.5% Return on Assets a. Net income ÷ Total assets 193‚200 ÷ 3‚170‚200 = 6.1% b. (Net income ÷ Sales) x (Sales ÷ Total Assets) (193‚200 ÷ 4‚269‚871) x (4‚269‚871 ÷ 3‚170‚200) = 6.1% Return on Equity a. Net income ÷ Stockholders Equity 193‚200 ÷ 1‚204‚600 = 16% b. Return on Assets (investment) ÷ (1 – Debt/Assets) .061 ÷ (1 – 1‚965‚600/3‚170‚200) = .061
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In analyzing the profitability of ratios for Harrods’s Sporting Goods‚ we observed that for the years 2007 and 2008 there were a higher return on sales dollars of 5% when in comparison to that of the industry average of 4.51 %. In 2009‚ Harrods’s Sporting Goods experienced a slightly decrease on its ROS with 4% below the industrial average of 4.5%’ We also noticed that‚ Harrods’s Sporting Goods ROA for the years‚ 2007‚2008‚2009‚ was good as they were able to obtained an increase(6%‚7% and 6%) above
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Background Outdoor sporting productions manufactured and distributed sporting equipment‚ clothing‚ and accessories nationwide. The company has annual sales volume between $6.2 million to $6.8million with approximately 700 items in its catalog. Those items can be group into three segments: fishing supplies‚ hunting supplies and accessories. Sales Force & Issue Sales forced played an important role in the company‚ since the company doesn’t use any magazine‚ newspaper‚ radio or other media advertising
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What promotional activities might Prince use to reach the following segments: (a) recreational players and (b) junior players? The first thing that Prince needs to do is find different ways to appeal to both generation gaps in the tennis industry. It is important to keep all the Baby Boomer customers and still grasp the attention of the younger generation. In efforts to get the attention of the junior players‚ Prince utilizes social media sites like face book and twitter as one way of promoting to
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REI REI is a sporting good company that specializes in quality outdoor gear. The company started in 1938 as a gear co-op‚ and has grown to include more than 3.5 million active members‚ which it serves through 30 stores‚ as well as catalog and Internet operations. REI has successfully built a competitive advantage through the four generic building blocks of efficiency‚ quality‚ innovation and customer responsiveness. REI has a distinct competitive advantage‚ relying on economy of scale to offer
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