SLP ACC201 Module 3 The Income Statement The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this m

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SLP ACC201 Module 3

The Income Statement

The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this module to compute general or overall profitability ratios. Compute three ratios using at least one of the income statement accounts for each ratio. Some profitability ratios include both income and balance sheet accounts. The balance sheet accounts are found in module 2.

Assume that ABC Company is a small specialty retail store. Ratios are relevant when assessed over time or across companies. IBIS is a comprehensive resource containing market research and statistics, which can be used to compare ABC Company to the industry and leaders in the industry.

Required

Part 1

First, choose three ratios from the background materials. ABC is a simple organization (see income statement in case), so pick profitability ratios for which sufficient financial data is available. Verify that at least one of the ratios is included in the IBISWorld database.

Identify the name of the ratio, the formula, and show your computations.

Part 2

Next, respond to the following questions.

  • Comment on the purpose and information conveyed by each ratio.
  • What did you learn about ABC Company by reviewing the three ratios?
  • What is your conclusion about the profitability of the company?
  • How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Comment from a profitability perspective. Write two paragraphs or more. Include ratios found in the IBIS database to support your conclusion.

Please see attached files for complete assignment details.

SLP ACC201 Module 3 The Income Statement The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this m
Module 3 – SLP THE INCOME STATEMENT Before you start the assignment, test your understanding of concepts covered in the assignment. It is not a graded quiz, but a tool for reviewing some key points. The tool can be used multiple times. The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this module to compute general or overall profitability ratios. Compute three ratios using at least one of the income statement accounts for each ratio. Some profitability ratios include both income and balance sheet accounts. The balance sheet accounts are found in module 2. Assume that ABC Company is a small specialty retail store. Ratios are relevant when assessed over time or across companies. IBIS is a comprehensive resource containing market research and statistics, which can be used to compare ABC Company to the industry and leaders in the industry. Required Part 1 First, choose three ratios from the background materials. ABC is a simple organization (see income statement in case), so pick profitability ratios for which sufficient financial data is available. Verify that at least one of the ratios is included in the IBISWorld database.  Identify the name of the ratio, the formula, and show your computations. Part 2 Next, respond to the following questions. Comment on the purpose and information conveyed by each ratio. What did you learn about ABC Company by reviewing the three ratios? What is your conclusion about the profitability of the company? How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Comment from a profitability perspective. Write two paragraphs or more. Include ratios found in the IBIS database to support your conclusion. Suggestion for the approach to the assignment: Step 1 Watch the brief introduction to financial ratios using IBISWorld as a refresher. The video is located in module 2.  Step 2 Access the IBISWorld database in the Trident library. See screenshots on this page for guidance.  Step 3 Choose and identify three profitability ratios found in the background materials or from other sources. Show the computation of the three ratios. A General Example Not Using ABC Company data.` Last year, EFG Corporation had net sales of $800,000 and its cost of goods sold was $600,000. As a result, EFG’s ‘s gross profit was $200,000.  Gross margin = gross profit / sales 
Gross margin = $200,000 / $800,000
Gross margin = 0.25 or 25%EFG’s gross margin equals 25%. What does this tell us? What are some of the factors considered in evaluating this percentage? Step 4 Use data from the  Module 3 case income statement to compute ratios. Show the computations and give the name of each ratio. Note that many profitability ratios do use one balance sheet account. It is acceptable for this assignment. Step 5 Analyze and interpret. Step 6 Locate at least one of the industry ratios computed above in the IBISWorld database to make a comparison to the ABC Company. See instructions for how to access the data base in the Trident library. Step 1   Step 2   Step 3   Step 4   Step 5 This short presentation provides the same information as above. SLP Assignment Expectations Identify three profitability ratios. Use numbers from ABC’s income statement. Show the formula and computations. The use of IBISWorld database is required (found in the Trident library). Three to five sentences are sufficient to respond to questions 1 to 3 in the second part. Do not use an essay format. The use of IBISWorld is a requirement for question 4. Refer to at least one actual ratio and write a minimum of two paragraphs. Module 3 – SLP THE INCOME STATEMENT Before you start the assignment, test your understanding of concepts covered in the assignment. It is not a graded quiz, but a tool for reviewing some key points. The tool can be used multiple times. The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this module to compute general or overall profitability ratios. Compute three ratios using at least one of the income statement accounts for each ratio. Some profitability ratios include both income and balance sheet accounts. The balance sheet accounts are found in module 2. Assume that ABC Company is a small specialty retail store. Ratios are relevant when assessed over time or across companies. IBIS is a comprehensive resource containing market research and statistics, which can be used to compare ABC Company to the industry and leaders in the industry. Required Part 1 First, choose three ratios from the background materials. ABC is a simple organization (see income statement in case), so pick profitability ratios for which sufficient financial data is available. Verify that at least one of the ratios is included in the IBISWorld database.  Identify the name of the ratio, the formula, and show your computations. Part 2 Next, respond to the following questions. Comment on the purpose and information conveyed by each ratio. What did you learn about ABC Company by reviewing the three ratios? What is your conclusion about the profitability of the company? How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Comment from a profitability perspective. Write two paragraphs or more. Include ratios found in the IBIS database to support your conclusion. Suggestion for the approach to the assignment: Step 1 Watch the brief introduction to financial ratios using IBISWorld as a refresher. The video is located in module 2.  Step 2 Access the IBISWorld database in the Trident library. See screenshots on this page for guidance.  Step 3 Choose and identify three profitability ratios found in the background materials or from other sources. Show the computation of the three ratios. A General Example Not Using ABC Company data.` Last year, EFG Corporation had net sales of $800,000 and its cost of goods sold was $600,000. As a result, EFG’s ‘s gross profit was $200,000.  Gross margin = gross profit / sales 
Gross margin = $200,000 / $800,000
Gross margin = 0.25 or 25%EFG’s gross margin equals 25%. What does this tell us? What are some of the factors considered in evaluating this percentage? Step 4 Use data from the  Module 3 case income statement to compute ratios. Show the computations and give the name of each ratio. Note that many profitability ratios do use one balance sheet account. It is acceptable for this assignment. Step 5 Analyze and interpret. Step 6 Locate at least one of the industry ratios computed above in the IBISWorld database to make a comparison to the ABC Company. See instructions for how to access the data base in the Trident library. Step 1   Step 2   Step 3   Step 4   Step 5 This short presentation provides the same information as above. SLP Assignment Expectations Identify three profitability ratios. Use numbers from ABC’s income statement. Show the formula and computations. The use of IBISWorld database is required (found in the Trident library). Three to five sentences are sufficient to respond to questions 1 to 3 in the second part. Do not use an essay format. The use of IBISWorld is a requirement for question 4. Refer to at least one actual ratio and write a minimum of two paragraphs.
SLP ACC201 Module 3 The Income Statement The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this m
Find an income statement for ABC Company below. The data is to be used for part 2 of the current case assignment and the SLP for this module.
SLP ACC201 Module 3 The Income Statement The purpose of this SLP is to apply ratio analysis to assess the financial health of ABC Company. Use the income statement presented in the case during this m
1 Assignment Title Student Name College/Department Name, Trident University International Course Number: Course Name Professor Name Date [Notes provided throughout for additional clarity. Ensure to remove notes before submission.] Assignment Title Here [Titles and 1st Level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Do not begin with an Introduction heading. The introduction paragraph(s) should orient the reader to all of the concepts presented in the sections that follow. Begin the first line indented, one line below the assignment title. Ensure to provide appropriate in-text citations in the following manner: Students may synthesize information from a resource and cite the resource at the end (Author & Second, YYYY). Students may also provide the authors in the sentence by stating that Author and Second (YYYY) explain certain information in this manner. For more than two authors, use Author et al. (YYYY) format or end statement (Author et al., YYYY). See APA Manual for additional formats of in-text citations. Each citation should have a corresponding reference in the reference list. Each reference in the reference list must also have at least one corresponding in-text citation.] Theme/Topic Heading [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] Theme/Topic Heading [repeat as needed] [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] Subtheme or Subtopic Heading [repeat as needed] [Themes/Topics may have one or more subthemes/subtopics. These second level headings should be in Word Styles format of “Heading 2,” aligned left, title case heading, bold. This information should be relevant to the prior Heading 1 topic. Repeat for multiple subthemes or subtopics.] Subtheme or Subtopic Heading [repeat as needed] [Themes/Topics may have one or more subthemes/subtopics. These second level headings should be in Word Styles format of “Heading 2,” aligned left, title case heading, bold. This information should be relevant to the prior Heading 1 topic. Repeat for multiple subthemes or subtopics.] Subtheme or Subtopic Heading [For major topics that may need a breakdown of subtopics into additional sections, provide third level headings in the Word Styles format of “Heading 3,” aligned left, title case heading, bold italic.] Subtheme or Subtopic Heading [repeat as needed] [For major topics that may need a breakdown of subtopics into additional sections, provide third level headings in the Word Styles format of “Heading 3,” aligned left, title case heading, bold italic.] Theme/Topic Heading [repeat as needed] [All 1st level headings should use the Word Styles format of “Heading 1,” centered, title case heading, bold. Replace “Theme/Topic” with an appropriate heading that describes the discussion to follow.] [Present an overview of why this topic is important to the assignment. Describe the facts and relevant context as a background. Include appropriate, recent, scholarly sources to support statements of fact.] [Each new topic should begin with a first level heading. Provide second level and third level headings, as necessary.] Summary or Conclusion [Summary or Conclusion heading should be a first level heading using the Word Styles format of “Heading 1,” centered, title case heading, bold. Summarize key points presented in throughout the assignment.] Example of tables provided: Table 1Caption for Table 1 Header Header Text Text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text text. Text Text text text text text text text text text text text text text text text text text text text text text text text text text texttext text text text text text text text text text text. Text Text text text text text text text text text text text text text text text text text text text text text text text text text text text text. Note. Briefly describe what the Table represents so that it is understood outside of the chapter. There is a line space between the note and the next heading/paragraph to separate the text. Example of figures provided: (note that if it would not fit in the space provided, the entire Table or Figure is moved the next page; if Table or Figure if longer than one page, ensure title appears with the beginning of the Table or Figure): Figure 1Case Study Research Note. This figure defines the case study design by Yin (2018). Briefly describe what the Figure represents so that it is understood outside of the chapter. There is a line space between the note and the next heading/paragraph to separate the text. References [References heading should be a first level heading using the Word Styles format of “Heading 1,” centered, title case heading, bold.] Ahn, J. (2004). Electronic portfolios: Blending technology, accountability and assessment. T.H.E. Journal, 31(9), 12-18. https://thejournal.com/Articles/2004/04/01/Electronic-Portfolios-Blending-Technology-Accountability–Assessment.aspx Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101. doi:10.1191/1478088706qp063oa U.S. Government Printing Office. (2006). Catalog of U.S. Government publications: New electronic titles. Winslade, J., & Monk, G. (2001). Narrative mediation: A new approach to conflict resolution. Jossey-Bass. Yin, R. K. (2018). Case study research and applications: Design and methods (6th ed.). SAGE Publications. Note: All resources cited in the assignment must be included in the list of references. For each reference listed, there must be at least one corresponding citation within the body of the text, and vice-versa. Double space references in the reference list. Resources longer than one line of text should provide a hanging indent of 1/2 inch of subsequent lines. Sort in alpha surname/title order. Only capitalize the first word of the title and of the subtitle, if any. Do not bold the title. Know when to italicize and when not to (i.e., periodical/non-periodical/publication versus book/report/paper). Italicize volume numbers. Please refer to the APA Publication Manual for guidance.APA requires a Digital Object Identifier (DOI) be provided, if one has been assigned. See below for the updated APA headings guideline: Level 1 Centered, Bold, Title Case Heading Level 2 Left-Aligned, Bold, Title Case Heading Level 3  Left-Aligned, Bold Italic, Title Case Heading  Level 4 Indented, Bold, Title Case Heading with a Period. Begin body text after the period.  Level 5 Indented, Bold Italic, Title Case Heading with a Period. Begin body text after the period. 

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