Help needed please Year 3 (projected Year 3 Year 2 Year 1 (In millions, except p
ID: 2530409 • Letter: H
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Help needed please
Year 3 (projected Year 3 Year 2 Year 1 (In millions, except per share data) $9,296.00 6,520.10 2,775.90 2,001.00 154.40 et sales ost of sales ross profit Selling, general and administrative exp SG&A-22;% of sales epreciation and amortization oodwill impairments sset impairments perating earnings (loss) nterest income terest expense arnings (loss) before income tax expense ncome tax expense et income (loss) et loss attributable to noncontrolling in None $9,039.50 6,378.40 2,661.10 1,892.40 166.50 10.20 18.50 573.50 (0.90) 5.60 568.80 214.60 354.20 Sales growth 2.84% Gross profit percentage-29.86 Depreciation-10.5% of prior ye None Same as previous year 2.20 618.30 (0.70) 10.70 608.30 215.20 393.10 Same as previous year Int/prior year LT Liab-9.386% Inc. tax/pre-tax income-35.38% et income (loss) attributable to GameStop Co $393.10 $354.20Explanation / Answer
Income statement Net Sales $9,560.01 Cost of sales $6,705.39 gross profit $2,854.62 Selling and Adm Expenses $2,103.20 Depreciation $159.15 Goodwill Impairment $0.00 Asset Impairment $2.20 Operating Earning $590.07 Interest Income -$0.70 Interest expenses $50.48 Earning (loss) before income tax expenses $538.88 income tax expenses $190.66 net income (loss) $348.23 Net income attributable to gamestop corp. $348.23 Balancesheet Asssets Current assets Cash and cash equivelent $314.25 Receivables $228.16 AR Trunover ratio 41.9 times Merchandise $1,678.55 Deffered income tax current $65.60 Prepaid expenses and other current assets $122.08 Total Current assets $2,408.64 Property plant and equipment land $20.22 Building $673.17 Fixture $981.46 Total PPE $1,674.85 less : Accumulated Dep $1,220.65 net PPE $454.20 Good will $1,390.40 Other Intengible $237.80 Other noncurrent asset $101.40 Total Non current asset $2,183.80 total assets $4,592.44 Liability Currenet liability Payables $838.80 Accrued liab $803.60 incometxa payable $15.25 Note payable $5.26 Total current liab $1,662.91 Defffered income tax $95.90 lonf term debt $350.60 other log term liab $92.40 Total long term liab $538.90 Total Liab $2,201.81 Common stock $0.10 Accumulated other comrehansive income -$25.40 Retained earnings $2,415.93 Total equty $2,390.63 Total Liab and equity $4,592.44
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