Calculate CVS effectiveness of the last 5 years. You do not need to find the Pro
ID: 2426146 • Letter: C
Question
Calculate CVS effectiveness of the last 5 years. You do not need to find the Profitability. ..... Please use the " Efectivness or activity ratios chart " to do the problem.
It is okay if you do it for 1 year and not all of the years. I just want to learn how to do it and see an example using the " 3rd pic i provided" Thank you !
In millions, except per 2014 2013 2011 2010 Statement of operations data: $139,367 $126,761 $ 123,120 $107,080 $ 95,766 15,746 ishment discontinued operations, net of 3,458 3 Net income attributable to CVS $ 3,462 $ 3,424 $ 3.98 $3.78 $ 2.61 $2.50 operations attributable to CVS $0.00 $ (0.01) $(0.01) s (0.02) operations attributable to CVS Net income attributable to CVS $ 3.98 $3.77 $2.59 $ 2.50 Net income attributable to CVS $ 3.98 $3.77 S 2.59 $2.50Explanation / Answer
year 2014 Asset turnover total revenue/ average total assets 139367 1.912044 total average assets 72889 inventory turnover total sales/total average inventory 139367 17.90429 total average inventory 7784 days In inventory 365/inventory turnover 20.38617 here we are taking balance figure as accounts receivables current year total sales/total average recivables 139367 66386 total assets - stores accounts receivables turnover total average receivables 65105 2.14065 here we are taking balance figure as accounts receivables current year 63824 days in receivables 365/ receivables 170.509 cost of goods sold net revenue - gross profit 114000 accounts payable turnover ratio total purchases/total average payables 114000 2.514281 here we are taking balance figure as accounts payablecurrent year total average accounts payable 45341 24594 here we are taking balance figure as accounts payables previous year year 20747 days in payables 145.1707 operating cycle 45.724409
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