In 2012, Costco’s net income is $1.709 billion USD; then it is increased to $2.039 billion USD in 2013, $2.058 billion USD in 2014, and $2.377 billion USD in 2015. Overall, Costco’s net income increased by 39%, and these increases occurred through out the four fiscal years. This is a strong indication that Costco is becoming more profitable. Costco Wholesale Corporation has two parts of revenue, one is its sales of merchandises, and another one is the membership fee consumers has to pay in order to enjoy its service. During the 2015 fiscal year, Costco’s membership base grew by six percent and has more than 81 million members worldwide.
Analyze Jagdambay exports and advise how the CFO should consider the primary market and secondary market in the expected transaction. Base your advice, in part, upon the fact that the CFO informed of two things: 1. Jagdambay exports decided to issue additional common stock, and 2. An investor purchased 1,000 shares of this common stock from the underwriter (Merrill Lynch). 4.
Exp/imp ration in Romania is 71% exports vs. 62% imports. Where exports structure changed since 2000 till present where textiles and clothing where at 35% of exports to reach 11% in 2012. Whereas for vehicules at 20% in 2000 reached 40% in 2012. GDP registered a 2.2% in 2011 and witnessed a slight decrease in 2012 to 0.7% due to slow economic growth and global financial tension, where even banks position weakened at the end of 2012 after holding a dominant position in Romania’s economy. GDP is still on positive territory in 2012 and went for a considerable improvement in 2013.
Since the ratio is improving, it is fair to say that Kohl’s Corp is improving in their ability concerning their total liabilities. The Operating cash flow to total debt is improving since 2013 and is on an upward trend. According to Kohl’s Corporation on their 10K reporting for the last fiscal year, “our gross margin may not be comparable with that of other retailers because we include distribution center costs in selling, general and administrative expenses while other retailers may include these expenses in cost of merchandise sold.” (United States Securities and Exchange Commission, 2013) According to CSI Market: Kohl’s Revenue per employee fell on trailing twelve month basis to $ 137,971 but remained above company average. Within the retail sector 32 other companies have achieved higher receivable turnover ratio. While revenue per employee total ranking has improved so far to 504, from total ranking in previous quarter at 521.
Salary expense was $57k over in June and $918k over budget YTD, for the most part due to revenue-generating positions added during the year and partially due to the market value adjustments added earlier in the year. The market value adjustments led to Purchased Services savings. Purchased Services showed an YTD decrease of $424k, with a continued favorable trend expected in FY17. Benefits were $151k over for the month and $132k over YTD, primarily the result of three covered members at or approaching the stop-loss level. Chargeable supplies were $141k over budget for June, a by-product of strong Orthopedic volumes in the OR.
John Lewis is the only retail- and online store which has increased its revenue moderately in the recent years and expects 50% net income growth (before taxes are deducted) for 2015. Marks and Spencer and Debenhams show flat or very slight increase in sales and their profits are falling sharply compared to 2014. In the view of these facts the
Canada has over time been attracting a high number of immigrants each year. This number has also been increasing each year (Reitz, 2005). About 20% of the country’s population is made up of foreigners. Based on the data from the Organization for Economic Co-operation and Development, the annual immigration flow of the country is now one of the highest among the OECD members. For example, in the year 2011, the country received some 249,000 new immigrants, which was more than the number it received in 2010 (281,000).
Does the acquisition make strategic and financial sense? Provide a concise explanation in support of your assessment. (250 words max) Ans 2) Microsoft must have valued LinkedIn over $26 billion. This is more than 8 times the LinkedIn revenue of last 12 months ( $3.2 billion).The ratio is ~5 times Trailing twelve months for public companies on market places shows that price paid/valued by Microsoft is premium. However it is important to note that this is the best time for Microsoft to purchase LinkedIn (as the market cap is 60% of what it was compared to last year and it reached lowest in February 2016).There are half a billion users whose professional data and behavior is up for sale and Microsoft gets it in the right time.
At the end of Q3 2014, PNRA had a cash balance of $146 million—compared to $125 million at the end of fiscal year 2013. Cash flows from operations totalled $194 million9. Cash equivalents totalled $146 million11. The large cash reserves and consistent revenue increases each year coupled with the relatively low amount of total debt indicate that the firm is strong financially. Where the Company Issues Shares Panera’s common stock is traded under the title “PNRA” on the NASDAQ Global Select Market.
In compare with the competitors, Amazon's Return on Equity was high in 2015 at 135% but drastically dropped throughout the years to 40% and 20% in 2013 and 2014 respectively. The main reason for the decrease was due to the yearly increase in the business's equity. As at 2008, Amazon's ROE is equivalent to the competitors and is expected to be in line with the competitors in the future. Meanwhile the ROA showed that Amazon is generating more income from its assets compared to its competitors. In comparison on the ROE and Return on Assets, Amazon has the highest growth among its competitors as it has a smaller capital base than EBay and a higher profit level than BN.