Kohl’s Corporation and Dillard’s‚ Inc. — Financial Statement Analysis EXCERPTED WITH PERMISSION FROM CASES IN FINANCIAL REPORTING SEVENTH EDITION ISBN: 978-1-934319-79-6 ELLEN ENGEL D. ERIC HIRST MARY LEA MCANALLY © Copyright 2012 by Cambridge Business Publishers‚ LLC. All rights reserved. No part of this publication may be reproduced in any form for any purpose without the written permission of the publisher. This document is authorized for use by michelle jeffalone‚ from 9/1/2014 to 12/31/2014
Premium Balance sheet Generally Accepted Accounting Principles Asset
to the conclusion the best option for Oliveology is to be an S Corporation. There are many benefits of this entity status. One of the largest benefits is no double taxation. The shareholders are only taxed at the shareholder level. Also‚ unlike a partnership‚ where all the partners are subject to self-employment tax on income from the firm‚ only wages earned are subject to a self-employment tax in an S corporation. In an S corporation shareholders may be employees‚ and the wages paid are deductible
Premium Tax Taxation in the United States Tax refund
business‚ but he is debating whether to start a S corporation or a C corporation due to potential environmental factors associated with his business. He wants to maintain a limited liability and wants to avoid double taxation by paying himself a salary equal to his companies before tax earnings. He also would like to issue preferred stock to his son in the future to keep his interests in the business. He was advised by his friend to choose a C Corporation to maintain maximum flexibility in the business
Premium Corporation Business Limited liability company
f. | 2006 | 2007 | | Kohl’s | Dillard’s | Kohl’s | Dillard’s | Total assets turnover | 1.72 | 1.40 | 1.68 | 1.34 | Fixed assets turnover | 3.13 | 2.43 | 2.78 | 2.27 | Inventory turnover | 4.12 | 2.82 | 3.85 | 2.70 | Average holding period | 88.58days | 129.64days | 94.84days | 135.40days | Payables turnover | 11.25 | 6.08 | 11.82 | 6.17 | Average time to turnover | 32.45days | 60.05days | 30.89days | 59.14days | Cash conversion cycle | 56.13days | 69.59days | 63.95days | 76.26days
Premium Balance sheet Inventory Financial ratios
3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
Premium Generally Accepted Accounting Principles Balance sheet
The 1950’s-60’s70’s-80’s Miranda Moultrie Nixon Back Again The United States presidential election of 1968 was the 46th quadrennial presidential election‚ held on Tuesday‚ November 5‚ 1968. Moon Shot On July 21‚ 1969‚ President Nixon spoke from the Oval Office to Apollo 11 astronauts Neil Armstrong and Edwin Aldrin at the Sea of Tranquility on the Moon. Apollo 11 was the spaceflight that landed the first humans on the Moon‚ Americans Neil Armstrong and Woodstock A village in New York state
Premium Apollo 11 Richard Nixon Neil Armstrong
in Menomonee Falls‚ Wisconsin‚ Kohl ’s and is known to be a family-focused‚ value-oriented‚ specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient‚ which is friendly and exciting. At present Kohl ’s operates stores and distribution centers in 49 states. Every year‚ we continue to build new stores and remodel existing locations to create an inspiring shopping experience. Here At Kohl ’s‚ we strongly believe in supporting
Premium Customer Department store Customer service
| Case Study Four | S&S Air International? | | | 5/7/2011 | The business world is highly competitive‚ changes quickly and is filled with risks and rewards. The international business world is no different! Things can change on the international stage in the time it takes to get a cup of tea! S&S Air has been in discussions with a dealer in Europe to sell the company’s model known as “The Eagle”. The dealer‚ Amalie Diefenbaker‚ has told S&S Air that she will pay the
Premium United States dollar Currency United Kingdom
RUNNING HEAD: THE 1950’s AND 1960’s 1 The 1950’s and 1960’s Tracy Ladner Mississippi University for Women History 110 RUNNING HEAD: THE 1950’s AND 1960’s 2 The 1950’s and ‘60’s was a time of great growth and change for America. Some called it “The Golden Age” (Brinkley‚ 2012‚ p.779). For the most part there was prosperity and advances
Premium John F. Kennedy Lyndon B. Johnson Vietnam War
FINANCIAL ACCOUNTING Kohl’s Corporation and Dillard’s Inc. – Financial Statement Analysis A. Kohl’s Corporation and Dillard’s Inc. are in the retail industry which is a highly competitive industry. There are a high number of retail stores‚ department stores which compete between each other on local‚ regional and national level. That competitiveness is highly influencing operating results of the company. The importance of the retail industry emphasizes the sentence below: “An estimated
Premium Balance sheet Generally Accepted Accounting Principles Liability