This topic contains a solution. Click here to go to the answer

Author Question: Blockbuster Inc.Balance Sheet for year-ended Dec 31 ($000s)ASSETSYear 1Year ... (Read 48 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
Blockbuster Inc.
Balance Sheet for year-ended Dec 31 ($000s)
ASSETSYear 1Year 2
Cash 194,200200,200
Accounts Receivables185,800150,000
Inventory242,200202,900
Other Current Assets177,300163,300
Total Current Assets799,500716,400
Fixed Assets
Long Term Investments214,100159,500
PP&E1,079,400909,000
Goodwill6,455,9005,967,500
Total Fixed Assets7,749,4007,036,000
Total Assets8,548,9007,752,400
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts Payable1,090,4001,087,400
Short-term Debt32,800181,400
Total Current Liabilities1,123,2001,268,800
Long-term Debt1,417,300734,900
Total Liabilities2,540,5002,003,700
Shareholders' Equity
Common Stock6,095,2006,075,800
Retained Earnings-86,800-327,100
Total Stockholder Equity6,008,4005,748,700
Total Liabilities and Shareholders' Equity8,548,9007,752,400

Blockbuster Inc.
Income Statement for year-ended Dec 31 ($000s)
Year 1Year 2
Sales4,969,1005,157,600
COGS2,036,0002,420,700
SG&A2,390,6002,532,400
Depreciation279,000246,600
Amortization of Intangibles180,100176,100
Operating Income (Loss)83,400-218,200
Interest Expense116,50078,200
Income Before Tax-33,100-296,400
Income Tax Expense45,400-56,100
Net Income -78,500-240,300
Referring to the Blockbuster financial statements, what is the change in Gross Margin from Year 1 to Year 2? (ΔGM = GM2 - GM1)
◦ -7.54%
◦ -5.96%
◦ -2.28%
◦ 5.96%
◦ 7.54%


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kamilo84 on Apr 25, 2021

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly




kamilo84

  • Member
  • Posts: 495
Reply 2 on: Apr 25, 2021
Excellent


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

For a complete list of videos, visit our video library