Financial Statement Analysis-Macys Essay - 2571 Words

Macy’s, Inc | Macy’s, Inc. Financial Statement Analysis 2011 | Alisa Hitchman | 11/6/2012 | RMA INDUSTRY NUMBERS FOR RETAIL DEPARTMENT STORES Liquidity Analysis BEST AVERAGE WORST Current Ratio 4.6 2.6 1.5 Average Collection Period 0 1 7 Day’s Inventory on Hand 36 107 136 Asset Analysis Fixed Asset Turnover 88.4 13.6 3.5 Total Asset Turnover 3.7 2.3 1.3 Debt Analysis Debt/Worth Ratio 0.4 1.4 3.9 TIE Ratio 8.3 3.1 1.3 Day’s Payable 8 31 42 Profitability Analysis PRE TAX Profit Margin NA 10.7 NA PRE TAX ROE 38.7 14.3 5.9 PRE TAX ROA 18.1 4.6 3.0 Introduction Macy’s, Inc. is a chain of department stores in the U.S. that has 800†¦show more content†¦The reason for this is due to common sized current assets of 39.7 being 42% below the average of the industry at 68.2 while common size current liabilities of 28.3% is only 1.7% below the RMA common size of 29.1%. Average Collection Period RMA ’11 ’10 % Change Best Average Worst 6 days 5 days 20 % 0 days 1 day 7 days The average collection period of Macy’s increased 20% from 5 days to 6. This is due to an 8.9% increase in accounts receivable and despite a 5.6% increase in sales. At 6 days, Macy’s average collection period is 500% worse than the industry average of 1 day but 14% better than the RMA worst of 7 days. It is worse this average despite the fact that accounts receivables is just 1.7% and is 22.7% lower than the 2.2% of the common size RMA. Therefore, Macy’s has less credit sales but takes a longer time to collect them. Day’s Inventory on Hand RMA ’11 ’10 % Change Best Average Worst 118 days 115 days 1.7 % 36 days 107 days 136 days Macy’s days of inventory on hand increased 1.7% from 115 days to 118 days. This is due to a 7.5% increase in inventory and despite a 6.2% increase in cost of goods sold. At 118days this is 10.2% worse the industry average of 107 days and even 13.2% better than the industry worst which is 136 days. Is is longer than average because of cost of goods sold of 59.6% is 5.2% less than the RMA common size of 62.9% and despite the company’s common size inventory of 23.2% being 43.8%Show MoreRelatedAnalysis Of Macys, Kohls And Burlington1544 Words   |  7 PagesIntroduction The companies that were chosen for a company analysis include Macy’s, Kohl’s, and Burlington. Since the retail industry has been lagging behind lately, these companies will help determine the prospective financial investment in the retail industry. As Macy’s as our primary company, we chose Kohl’s and Burlington to be the two comparative companies. These companies are comparable due to the same SIC code of 5311 in the subgroup of department stores. These companies offer similarRead MoreFinancial Statement Analysis1293 Words   |  6 PagesFinancial Statement Analysis April Cruz, Litesha Forbes, Phillip Gibson, Jessica Hewlett, Lily James, Velda Justin, and Nzingha Reel ACC/561 September 27, 2010 Mark Tischler Financial Statement Analysis The accounting information of this paper provides a financial statement analysis for three distinct companies: Mercedes Benz, a foreign manufacturer of vehicles; Macy’s Inc, a retail department store, and American Airlines, an airline company. The analysis for each companyRead MoreFinancial Analysis Of Macy s Inc1742 Words   |  7 Pages Introduction This report presents the financial analysis of Macy’s Inc. The company’s financial position is gauged using ratio analysis and suggestions on improvements are provided. The ratios will be compared to one of its top competitors Dillard’s. Using 2014 key financial statements such the income statement, balance sheet, cash flow, and key statistics found on yahoo finance. It also analyzes the company’s historical stock prices and will compute the stock average, standard deviation, and betaRead MoreEssay on Macys Financial Analysis1303 Words   |  6 PagesMacy’s Inc. Fiscal Year End: January 29, 2011 Date of Report: April 25th, 2011. By - Monika Gupta The annual report and 10-K filings were obtained from macys.com. The financial statements included in the annual report are as follows: consolidated statements of operations, consolidated balance sheets, consolidated statements of changes in shareholders’ equity, consolidated statement of cash flows, and notes to consolidated financial statements. In the report, Macy’s Inc. recognizes severalRead MoreSample Ratio Analysis1271 Words   |  6 Pagesdoing well too. In this same case Nordstrom and Macy’s are not doing so well, they are a little below average, so we can conclude they are not growing that fast, and they are tending to become a little risky. Growth Rates In our analysis we can see that companies that are doing better this year than last one are Costco, Target, and Walmart. They are as well above the average of the sector. The other companies such as Home Depot, Nordstrom, and Macy’s are below average, meaning they had fewer salesRead MoreAnalyzing Nordstrom s Financial Performance Essay1467 Words   |  6 PagesFinancial Analysis In order to analyze Nordstrom’s financial performance we reviewed the most recent financial statements of the company for 2014 year including the balance sheet, the cash flow statement, and the income statement. Using the financial ratio analysis we are be able to assess how well the business is performing and detect the areas that need to be optimized. Also, financial ratios can help to see the difference between Nordstrom and their competitors (or the industry). This analysisRead MoreA Company Which Is Publicly Traded In The U.S. Is Required1151 Words   |  5 Pagesof a company’s performance. This report is essential to an investor for evaluating a company’s financial health. For this assignment, I have chosen to consider Macy’s Inc. 10-K form and evaluate its financial condition. I am going to discuss about Macy’s Merchandise Inventories including the inventory method used by Macy’s, Cost of Sales to net Sales Ratio, Inventory Turnover a nd Days in Inventory. Macy’s Inc. Merchandise Inventories Merchandise Inventory is a material acquired by a retailer for theRead MoreKohl s Financial Analysis Paper1057 Words   |  5 PagesKohl’s Financial Analysis Introduction Kohl’s Corporation (Kohl’s) is the second largest specialty department store. It sells private la-bels, national brand items, footwear, accessories, beauty and home products. It even has many of their own labels. The company operates 1,162 department stores in 49 states of the U.S. It has a web site www.kohls.com where you can buy the same items they sell in the store or their online exclusives. It also operates a nationwide loyalty program called Yes2You rewardsRead MoreFinancial Analysis of Macy’s Inc. and Nordstrom Essay examples4026 Words   |  17 PagesFinancial Analysis of Macy’s Inc. and Nordstrom Macy’s Inc. has established itself as a strong player in the retail industry, with over 850 Macy’s and Bloomingdale’s stores in 45 states. Macy’s competes against retail giants like Nordstrom, Kohl’s, JC penny and Saks Fifth Avenue for market share in the increasingly competitive department store industry. This financial report will choose Nordstrom as the major competitor, and serves as the comparison company. The annual report and 10-K filingsRead MoreMacys Company Analysis1622 Words   |  7 PagesMacy’s IS Strategic Planning Brief History Macy’s was founded by Rowland Hussey Macy in 1858 in New York City. Macys stores target the middle-to-higher-priced market, offering womens, mens, and childrens clothing and accessories, housewares, home furnishings, and furniture. After its merger with Federated Department Stores, the company became the largest department store company, operating more than 850 department stores across the US. The company primarily operates in the US. Macys is headquartered

My Big Fat Greek Wedding - 1512 Words

â€Å"My Big Fat Greek Wedding† is a charming romantic comedy that explores cultural differences in a combination of adorable romance and cute humor. The story revolves around Toula, a thirty-year-old Greek American single woman, who lives with her family in the suburb of Chicago. Like many obedient Greek daughters, she works in her family’s business, a restaurant called â€Å"Dancing Zorba’s.† Toula belongs to a traditional collective upbringing where all good daughters are expected to marry from their ethnic background. However, she struggles with her father’s limited ambitions for her and she longs for something else in life. She enrolls in college and takes computer classes. With the computer diploma under her belt, a rebellious Toula emerges.†¦show more content†¦Similarly, when Toula asks her dad in a powerless language if she can attend college, her father’s statement, â€Å"Why are you leaving me?† not only implies his refusal, but also infers that Toula is negligent in her collective duty towards her family. The implying and insinuating tendency of Toula’s family not only causes friction within her family but also creates communication problems with the low context-oriented Miller family. While Ian and his family are the epitome of the individualistic American society, Toula and her family are the stereotypical personification of the collective warm immigrant minority. Ian’s parents outrageously depict the stereotypical notion of the reserved, cold and distant individualistic â€Å"WASP† character. The viewer can feel their discomfort at the dinner party when both families are introduced. While the Greek clan is hospitable, loud, warm and affectionate, the Miller family is quiet, reserved and uneasy. The scene where Harriet, Ian’s mother, avoids a hug from Toula’s mother by placing a dessert cake cooked in a Bundt pan between the two of them shades an unquesti onable light on the perhaps stereotypical notion that all white people are unaffectionate and overly guarded toward strangers. By putting a physical barrier between her and Maria, Harriet is sending a clear message that her white individual space is precious to her and that she will not succumb to the imposing Greek way ofShow MoreRelatedMy Big Fat Greek Wedding1493 Words   |  6 PagesINTRODUCTION My Big Fat Greek Wedding (2002) is a Canadian-American film that tells the story of Greek-American, Toula (Fotoula) Portokalos. At thirty, Toula is still waitressing for her family’s restaurant, Dancing Zorbas. Constantly under pressure from her traditional, Greek parents to marry a Greek man and start a family, Toula seeks some distance from the family business. Toula starts attending college classes and eventually begins a new job at her Aunt Voula’s travel agency. After a short periodRead MoreMy Big Fat Greek Wedding1701 Words   |  7 Pagesallowed me to better understand interactions that occur in our daily lives. My knowledge of these concepts was challenged when asked to relate these notions to a movie. During the time that I was watching the movie, My Big Fat Greek Wedding, I realized myself grasping onto what was going on and being able to relate certain scenes and situations to topics I had previously learned about. Interactions in My Big Fat Greek Wedding display concepts of conflict and politeness theory, which can be pointedRead MoreMy Big Fat Greek Wedding1830 Words   |  8 PagesIn 2003, My Big Fat Greek Wedding made audiences laugh across the country. It is a movie about family, a large Greek family to be specific. This is important to the story, because it shows how their traditions cause their daughter Toula to look, and feel like a failure. Toula finds herself alone at age thirty working for her parents in their restaurant, she is as unhappy as that statement sounds. Being disappointed with her heritage pushes a wedge between her and her family, but especially her fatherRead MoreMy Big Fat Greek Wedding963 Words   |  4 PagesThe film My Big Fat Greek Wedding takes place in a Chicago Greek Community background where Toula Portokalosa and her family live comfortably. Toula’s father, Gus, is only interested in regards to seeing his daughter get engaged to a man with Greek background (Hanks Zwick, 2002). On the othe r hand, Toula, who is 30 years old, is increasingly becoming concerned about her age and thinks that she may be time barred as far as getting a marriage partner is concerned. For this reason, she is willingRead MoreMovie Reflection-My Big Fat Greek Wedding1401 Words   |  6 PagesIn the 2002 movie release of My Big Fat Greek Wedding, the writer Nia Vardalos, director Joel Zwick and producer Tom Hanks, tell the story of a real life scenario that is increasing in our ever diverse world. Vardalos, basing the movie on her real life marriage, gives the audience an inside view as to what goes on inside an interfaith marriage and how to make it work. Yet in todays society, the typical view of a marriage is seen as either a fairy tale or ball and chain. However, after watching thisRead MoreEssay on Analysis of My Big Fat Greek Wedding1253 Words   |  6 PagesDuring the movie, My Big Fat Greek Wedding, there was a lot of positive and negative communication that influenced the main charac ter’s life decisions. The story is about a young woman, named Toula, that is of Greek decent who is fearful of being stuck in the life she is now living. She is a frumpy girl that works in her family’s restaurant because she has not been able to find a Greek man to marry, and because of this, her family claims that she is old and has failed in life. She is allowed toRead MoreAnalysis Of The Movie My Big Fat Greek Wedding 1543 Words   |  7 PagesCross-cultural communication, a big part of most families around the world, and a big aspect of how people’s lives are being lived out according to their cultural beliefs. In the movie, â€Å"My Big Fat Greek Wedding†, Toula, the daughter of Gus, the owner of the restaurant called Dancing Zorbas helps run the family restaurant due to their family’s cultural beliefs. Ever since her encounter with Ian, Toula decided to break from the cultural myopia within the family. With the help of her Mother’ s helpRead MoreEssay on Fools Rush In and My Big Fat Greek Wedding968 Words   |  4 PagesFools Rush In and My Big Fat Greek Wedding Every movie that is written has a certain attitude to it. Some of these are intended to be laughed at and others are meant to be heartfelt. Though each movie is written with its own voice, so to speak, many have similar plots or themes. The two movies Fools Rush In and My Big Fat Greek Wedding are two of these movies that have similarities in the themes, but not necessarily in the plots. Both of these romantic comedies have strong religious backgroundsRead MoreMy Big Fat Greek Wedding - Individualistic vs Collectivistic Culture672 Words   |  3 PagesIn My Big Fat Greek Wedding, I analyzed the scene where Toula’s family is having a party, and Ian Miller’s parents are going to come and meet the family for the first time. This is an extreme clash of individualistic vs. collectivistic culture. Ian’s parents seemed to be a traditional white, American couple with no sense of foreign food, customs, or culture of any kind. When the parents originally start wal king up to the house, and there have to be at least 30 people outside partying, it is anRead More Interpersonal Communication Styles Examined in My Big Fat Greek Wedding1690 Words   |  7 Pagesallowed me to better understand interactions that occur in our daily lives. My knowledge of these concepts was challenged when asked to relate these notions to a movie. During the time that I was watching the movie, My Big Fat Greek Wedding, I realized myself grasping onto what was going on and being able to relate certain scenes and situations to topics I had previously learned about. Interactions in My Big Fat Greek Wedding display concepts of conflict and politeness theory, which can be pointed out

College Trendy Travesty Free Essays

Alcohol abuse during teenage and early adolescence which is heavy enough could mean withdrawal symptoms surfacing during cessation of drinking. It could also lead to the impairment or diminishing of performance of the brain as accounted by poor memory and attention span. These impairments are caused by malfunction of the brain, as caused by excessive alcohol misuse. We will write a custom essay sample on College Trendy Travesty or any similar topic only for you Order Now    The travesty on the enthusiasm on the ‘dreadful beverage’ is outrageously spreading in the perceptions of college students, hence not knowing the painful effects it may bring an individual in the later life. Problems related to alcohol consumption were reported to be continuously increasing. Alcohol related problems need an early recognition and treatment to avoid the negative effects such as health and social dysfunction. This study will be conducted to determine the prevalence of problems on alcohol consumption specifically it seeks to answer the following question: what is the prevalence of alcohol abusers in the sample population using  Ã‚   biological markers, CAGE questionnaire, and socio-demographic information and the relationship existing among these parameters as indicators of alcohol abuse? The null hypothesis of the study states that there is no prevalence of alcohol abusers in the sample population using biological markers, CAGE questionnaires and socio-demographic information and there is no relationship existing among these parameters as indicators of alcohol consumption and abuse. The alternative hypothesis in one hand states that the prevalence of alcohol abusers in the sample population using biological markers, CAGE questionnaires and socio-demographic information and there is a relationship existing among these parameters as indicators of alcohol consumption and abuse. Alcohol abusers are said to be those who consume above 30-50 grams pure alcohol per day and exhibit CDT as the most abundant transferring. Analysis: Sociological Implication of Alcohol Abuse As thoroughly noted in researches made by sociologists, problems concerning drug and alcohol abuse are becoming rampant. In almost all parts of the globe, drug and alcohol-related problems have been reported to increase making such problem a totally global crisis.  Ã‚   With the implemented policies regarding the control and the prohibition of patronizing most abused drugs, the global community has really doing its task to eliminate such crisis and to preserve peace and order in the world. However, no matter how the global community does its goal of eliminating the problems on drug and alcohol abuse, it seems that merely punishing those who manufacture, sell and distribute prohibited drugs is not really sufficient to completely solve the problems on drug abuse. Likewise, only reminding the public of what alcohol abuse can bring to individuals is literally inadequate to minimize the cases of alcohol abuse. In order to fully address the problems on drug and alcohol abuse, all must do their part in the pursuit of solving it. The government and even other institutions could never really do such undertaking by themselves only. Involvement and participation of the people are the most necessary and integral part of it. Only when all the concerned factors and elements act upon the total elimination of drug and alcohol-related problems could such crisis be truly cured. How to cite College Trendy Travesty, Papers

Jazz Anecdotes by Bill Crow free essay sample

This book looks into the personalities and humor of the Jazz world. Being a Jazz player himself, Crow is obviously familiar with the life of a Jazz musician, and he has written down some hilarious tales that Jazz players have passed on to one another. This book shows how the jazz world as it really is. The entire book Is filled, page by page, with hilarious stories of pranks, goofs, getting hired, getting fired, stuff that happened while on the road, Jokes, nicknames, and unforgettable moments while playing at clubs.It also fives you a good feel for what the lives of Jazz musicians were Like the camaraderie and competition, the struggles over money, and the terrible working conditions. It also offers chapters on great Jazz players such as Duke Elongating, Louis Armstrong, and Charlie Parker. There are many memorable stories In this book. When I would read about people performing and Jumping off of risers and getting stuck, or artist trying to start fires in the middle of a bus because they were cold, you cant help but laughing out loud. We will write a custom essay sample on Jazz Anecdotes by Bill Crow or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (l almost did during class. ) There were many funny stories in this book.One of them was how Less White fires band members. Instead of firing just one person, he would fire the whole band and then hire back the men he wanted. He would say, Im breaking up my band, everybodys fired, and then say, l want you, you, and you in my new band. He said it was better than pointing at one person and telling them to get out. Thats exactly what happened to Dizzy. Another was when Basiss band was France, and Buddy Tate got the wrong interpreter. They went to Lyon and Jimmy Rushing was ordering for them. So they go to the restaurant and Jimmy talked to waitress to order some weal chops.The waitress goes away and brings back six hard boiled eggs. Jimmy talks to her again and comes back with more eggs but fried. They start arguing saying that the waitress cant speak English. She over heard the conversation and comes back and says, Excuse me, what would you like to have? speaking better then either of them. One of my favorite chapters was pranks. The book has many stories on pranks that were often pulled by jazz musicians to other Jazz musicians. Limburger cheese was a favorite among pranksters. When Eddie Condone was working in the pit at the Commercial Theater, the band took an apartment near the theater. When the wind was right they got perfume smells in their apartment from the stockyards. One night Mezzo rubbed limburger cheese on Bud Freemans pillow and Bud thought It was coming form the stockyards. Dick Morgan would also use limburger cheese In his pranks. He would rub the cheese on the mimic Ben Pollack used, and make his well rehearsed accompaniment difficult. This book wonderfully captures the essence of Jazz and Jazz musicians. It Is packed with great stories, unique personalities, and hilarious moments. Jazz Anecdotes by Bill Crow By Eskimo the Jazz world as it really is. The entire book is filled, page by page, with hilarious gives you a good feel for what the lives of Jazz musicians were like the camaraderie and Charlie Parker. There are many memorable stories in this book. When I would book. One of them was how Less White fires band members. Instead of firing Just one pranks. The book has many stories on pranks that were often pulled by Jazz limburger cheese on Bud Freemans pillow and Bud thought it was coming form the stockyards.