You Are Interning at a Financial Services Firm and Have

question 52

Essay

You are interning at a financial services firm and have been asked to evaluate the performance of two major department stores.The following information (in millions)is available for Walmart and Nordstrom for the most recent fiscal periods available:
Walmart
$\begin{array}{lrr}\text { Net sales } & \$ 405,046& \text { Beginning accounts receivable } & \$ 4,144 \\\text { Gross profit } & 100,389& \text { Ending accounts receivable } & 3,905 \\\text { Operating income } & 23,950 \\\text { Net income } & 14,848\end{array}$
Nordstrom
$$\begin{array} { l r r } \text { Net sales } & \$ 8,627& \text { Beginning accounts receivable } & \$ 1,942 \\\text { Gross profit } & 3,299 &\text { Ending accounts receivable } & 2,035 \\\text { Operating income } & 834 & \\\text { Net income } & 441 & \\\hline\end{array}$$
Compute the (1)gross profit margin,(2)operating margin,(3)net profit margin,and (4)accounts receivable turnover for the two companies and indicate which company has performed better.

Identify the reasons behind the British inability to secure a quick victory in the Revolution.

Determine the level of support among the American population for the revolutionary cause.

Understand the strategic outcomes of key battles and their impact on the course of the revolution.

Comprehend the significance of foreign aid and intervention in the outcome of the Revolutionary War.

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Definitions:

Crystalline Lens

A transparent, flexible structure in the eye that helps to focus light onto the retina, changing shape to aid in visual accommodation.

Surgical Destruction

Surgical destruction refers to the deliberate removal or damage of tissue or organ parts during a surgical procedure for therapeutic purposes.

Nystagmus

Involuntary rhythmic movement of the eyes, which can impair vision and can be a sign of neurological problems.

Involuntary

Actions or processes not under the conscious control of an individual, such as breathing or the heartbeat.