Business, 18.01.2021 14:00 emileedehaas35

Following are selected income statement and balance sheet data for companies in different industries. $ millions Sales Cost of Gross profit Net income Assets Liabilities Equity
goods sold
Harley- $ 5,342 $ 3,302 $ 2,040 $ 960 $ 5,255 $2,171 $ 3,084
Davidson
Nike, Inc. 13,740 7,624 6,116 1,212 8,794 3,149 5,645
Starbucks 6,369 2,605 3,764 494 3,514 1,423 2,091
Corp.
Target 51,271 34,927 16,344 2,408 34,995 20,790 14,205
Corp.
a) Compute the following ratios for each company. Round all answers to one decimal place (percentage answer example: 0.2345 = 23.5%). Note: The liabilities to stockholders' equity ratio should not be converted into a percentage answer (round answers to one decimal place, for
Company Gross Profit/ Net Income/ Net incom/ Liabilities/
sales sales Equity equity
Harley-Davidson
Nike, Inc.
Starbucks Corp.
Target Corp.
(b) Which of the following statements about business models best describes the differences in gross (and net) profit margin that we observe?
a. The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.
b. The lower gross profit companies are those that can manufacture their products at the lowest cost.
c. The higher gross profit companies are those that sell the highest unit volumes.
d. The lower gross profit companies are those that charge a higher price for their products.

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Answer from: bbbbbbbbbbbb62

Which of the following statements about business models best describes the differences in gross

a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away

Explanation:

Sales CostGross profit Net In.Assets Liabilities Equity

Harley- 5,3423,3022,040960 5,2552,1713,084

Nike,13,7407,6246,1161,2128,7943,1495,645

Starbucks6,3692,6053,764494 3,5141,4232,091

Target51,27134,92716,3442,40834,99520,79014,205

Gross ProfitHarley- 38.2% Net IncomeHarley- 18.0%

Nike,44.5% Nike,8.8%

Starbucks59.1% Starbucks7.8%

Target31.9% Target4.7%

LiabilitiesHarley- 0.70 ROEHarley- 1.7

Nike,0.56 Nike,2.4

Starbucks0.68 Starbucks3.0

Target1.46 Target3.6

a.The higher gross profit companies are typically those that have some competitive advantage that allows them to charge a market price for their products that cannot be easily competed away.

Answer from: Quest

cash flow statement possibly

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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