Income Statement Comparison:
Target Link to Financial Statements: http://investors.target.com/phoenix.zhtml?c=65828&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEwNDc0NjktMTEtMDAyMDMyL3htbA%3d%3d#fa11101_item_8._financial_statements_and_supplementary_data
Target's income statement information for the fiscal quarter ended January 29, 2011 is as follows:
-Total Revenue: $67,390,000,000
-Total Expenses: $64,470,000,000
-Net Income/Earnings: $2,920,000,000
Component Percentage of Total Expenses: 95.7%
Component Percentage of Total Expenses: 4.3%
Hershey's Link to Financial Statements: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODQ3MzR8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
Hershey's component percentage for their total expenses is 79.2% and 20.8% for net income. Compared to Target's component percentages, Hershey's is much stronger financially. They are spending less of their money on expenses and therefore have a larger net income compared to Target.
Balance Sheet Comparison:
Target's balance sheet for the fiscal quarter ended January 29,2011:
Total Assets: $43,705,000,000
Total Liabilities: $28,218,000,000
Total Equity: $15,487,000,000
Hershey's balance sheet for the fiscal year ended December 31, 2010:
Total Assets: $4,272,732,000
Total Liabilities: $3,370,416,000
Total Equity: $902,316,000
Hershey's is more financially strong because their total equity outweighs their liabilities greatly. This means that they have more money on hand and less that they still owe.
Note in instructions you need to use annual report, not quarter. Also, your discussion on financial strength focuses on equity outweighing liab - it should focus on assets also.
ReplyDelete