Upgrade to remove ads
Only $35.99/year

MKT 320 Guidepost Questions Ch. 6

Terms in this set (7)

When evaluating the performance of a retailer, which of the following is the best financial performance measurement to use?
Return on assets
Operating profit margin is also referred to as __________.
earnings before interest and taxes (EBIT)
__________ refers to the total amount of money that a retailer pays vendors for the merchandise that it (i.e., the retailer) subsequently sells.
Cost of goods sold (COGS)
The asset turnover management path is one of two analytical sequences that are woven into the strategic profit model. The information that is used to analyze a retailer's asset management path comes primarily from the retailer's __________.
balance sheet
Which of the following ratios appears in the strategic profit model and is one of the terms used to calculate return on assets (ROA)?
Net profit margin
Kent Dent and his partner "Scratch" Hatch own Scratch & Dent Appliance, which is located in an old house that Scratch inherited from his grandmother. They sell otherwise-new, perfectly usable refrigerators, washers and dryers, and dishwashers that have minor cosmetic damage or defects.
Key financial figures for Scratch & Dent for fiscal year 2021 include:
Net Sales: $610,000
Total Current Assets: $59,115
Fixed Assets: $177,700
Net After-Tax Profit: $55,900
Taxes: $50,000
Cost of Goods Sold: $410,000
What was Scratch & Dent's return on assets (ROA) in FY 2019?
23.6%
To report chainwide sales growth statistics, retailers and retail industry analysts generally exclude locations that have been open for less than one year. The resulting figure is known as __________ .
comparable-store sales growth
Sets found in the same folder