Answer all questions 1-6 in detail based on the given information below. The Boutique: Annual Financials Income Statem

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Answer all questions 1-6 in detail based on the giveninformation below.
The Boutique: Annual Financials
Income Statement
Figures in $000's
Year ending Feb 1, 2020
Year ending Feb 2, 2019
Year ending Feb 3, 2018
Net Sales
450.
470.
480.
Cost of Goods Sold
268.
267.
269.
Gross Profit
184.
193.
211.
S,G, & A
117.
121.
135.
Other Oper Expnses
48.
52.
17.
Net Profit
17.
30.
59.
Balance Sheet
Figures in $000's
As of Feb 1, 2020
As of Feb 2, 2019
Assets
Cash
20.
30.
Accounts Receivbl
10.
10.
Inventories
60.
58.
Other
10.
8.
Total Current Assets:
100.
106.
Equipmnt, Lease Rights, other
200.
192.
Total Assets:
300.
298.
Liabilities
Accounts Payable
30.
25.
Wages Payable
10.
10.
Other
3.
9.
Total Current Liabilities:
43.
44.
Long-term debt
100.
97.
Total Liabilities:
143.
141.
Stockholders' Equity
Total Stockholders' Equity:
145.
149.
Total Liabilities and Stockholders' Equity
Total Liabilities and Stockholders' Equity:
300.
290.
Sales by Location, in retail dollars
(Figures in $000's)
Fiscal 2019
Fiscal 2018
Fiscal 2017
Fiscal 2016
Fiscal 2015
Peach Street
210.
205.
205.
200.
200.
Walnut Street
97.
98.
100.
95.
90.
Whitlock Ave
47.
70.
80.
95.
90.
Spruce Street
96.
97.
95.
85.
80.
Total
450.
470.
480.
475.
460.
Sales by Classification, in retaildollars
(Figures in $000's)
Fiscal 2019
Fiscal 2018
Special Occasion
20.
40.
Dresses
80.
100.
Career
150.
130.
Casual
180.
150.
Furs
20.
50.
Total
450.
470.
Inventory by Classification, inretail dollars
(Figures in $000's)
As of Feb 1, 2020
As of Feb 2, 2019
Special Occasion
8.
6.
Dresses
13.
14.
Career
13.
13.
Casual
14.
15.
Furs
12.
10.
Total
60.
58.
Nicole's Comparison Shopping Report
Retail Prices currently on the selling floors
The Boutique
Ann Taylor
Macy's
Kohl's
Lilac & Rose
Target
Wal-Mart
Fur Vault
Special Occasion
$100-225
$70-90
$80-150
Dresses
$100-200
$40-60
$70-90
$20-50
$60-110
$15-30
$12-20
Career
$150-300
$70-110
$80-100
$100-130
$50-60
$30-50
Casual
$30-120
$10-40
$18-75
$8-30
$20-50
$9-25
$8-20
Furs
$300-500
$150-2500
Question 1:
Complete the corp analyzer based on the information above:
Financial Measure (see attachment)
Company's Performance;
Period: 2019
Benchmark:Company's PastPerformance;
Period:2018
Benchmark:
specialty store
Annual Sales Increase (Decr.)%
2.6%
Gross Margin %
34.5%
Operating Expense (S,G, & A) %
28.2%
Net Profit Margin %
5.4%
Inventory Turns
6.90
Current Ratio
1.20
Quick Ratio
.75
Total Debt to Equity Ratio
.78
Question 2:
From the Benchmarking theFinancials chart you just filled out, which arethe two highest priority and mostimmediate financial problems? Why is each one a high and immediateproblem? Set a new, appropriate financial goal for each of theseproblems, substantiate each financial goal.
Question 3:
First Suggestion
Use ALL available information from the case study includingcharts showing problems by department, classification, vendor,item, pricing etc. List the firstpractical and feasible thing the store owner could do to improvethe business. For this suggestion, show which financial problem itwill fix and show substantiation for your suggestion from thenumbers and/or by quoting from the text. Please follow thisformat:
Suggestion #1:_______________
Financial Problem it will help:__________________
Substantiation for this suggestion:__________________
Question 4:
Use ALL available information from the case study includingcharts showing problems by department, classification, vendor,item, pricing etc. List thefirst practical and feasible thing the store owner could do toimprove the business. For this suggestion, show which financialproblem it will fix and show substantiation for your suggestionfrom the numbers and/or by quoting from the text. Please followthis format:
Suggestion #2:_______________
Financial Problem it will help:__________________
Substantiation for this suggestion:__________________
Question 5:
Use ALL available information from the case study includingcharts showing problems by department, classification, vendor,item, pricing etc. List thefirst practical and feasible thing the store owner could do toimprove the business. For this suggestion, show which financialproblem it will fix and show substantiation for your suggestionfrom the numbers and/or by quoting from the text. Please followthis format:
Suggestion #3:_______________
Financial Problem it will help:__________________
Substantiation for this suggestion:__________________
Question 6:
Use ALL available information from the case study includingcharts showing problems by department, classification, vendor,item, pricing etc. List thefirst practical and feasible thing the store owner could do toimprove the business. For this suggestion, show which financialproblem it will fix and show substantiation for your suggestionfrom the numbers and/or by quoting from the text. Please followthis format:
Suggestion #4:_______________
Financial Problem it will help:__________________
Substantiation for this suggestion:__________________