Comparison Chart: Use Textual Support From The Poems And You

Comparison Chartuse Textual Support From The Poems And Your Reading I

Comparison Chartuse Textual support from the poems and your reading in this lesson to fill in the left and right columns of the chart for both poems. “Song-To the Men of England†“Land of Hope and Glory†Meter (Iambic pentameter, Iambic hexameter, for example) Rhyme scheme (use letters to identify the pattern) Poetic Devices: Metaphor Imagery (vivid language describing the five senses) Hyperbole (exaggeration to support a point) Dominant Words and Phrases Theme (author’s message) Historical Connections Response Questions: Use complete sentences and textual support for each response. 1. In 8-10 sentences, compare the “Bees of England†metaphor in Shelley’s poem to the metaphor of England as “Mother to the Free†in Benson’s poem. In 8-10 sentences, compare the methods the two poets use to emphasize their enthusiasm toward their view of England. Answer the following questions: · What is the purpose of accounting adjustments? · Name and define the four types of account adjustments and give an example of each. 1.Formulating Financial Statements from Raw Data Following is selected financial information from Abercrombie & Fitch, for its fiscal year ended February 2, 2008 ($ millions): Revenue $ 3,749.8 Cash from operating activities 817.8 Cash, beginning year 82.0 Stockholders' equity 1,618.3 Noncash assets 2,449.6 Cash from financing activities (281.6) Cost of goods sold 1,238.5 Total expenses (other than cost of goods sold) 2,035.6 Cash, ending year 118.0 Total liabilities 949.3 Cash from investing activities (500.2) Cash from financing activities includes the effects of foreign exchange rate fluctuations. (a) Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie & Fitch for the fiscal year ended February 2008.

Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable). Abercrombie & Fitch Income Statement ($ millions) Answer Revenue $Answer Answer Answer Gross profit Answer Answer Answer Net income $Answer Abercrombie & Fitch Balance Sheet ($ millions) Answer Assets Liabilities Cash $Answer Total liabilities $Answer Answer Answer Answer Answer Total assets $Answer Total liabilities and equity $Answer Abercrombie & Fitch Statement of Cash Flows ($ millions) Answer Cash from operating activities $Answer Answer Answer Cash from financing activities Answer Net change in cash Answer Answer Answer Cash, ending year $Answer (b) Using the statements prepared for part a. compute the following ratios (for this part only, use the year-end balance instead of the average for assets and stockholders' equity): (i) Profit margin (Round your answer to two decimal places.) Answer% (ii) Asset turnover (Round your answer to two decimal places.) Answer (iii) Return on assets (Round your answer to two decimal places.) Answer% (iv) Return on equity (Round your answer to one decimal place.) Answer% 2.Comparing Abercrombie & Fitch and TJX Companies Following are selected financial statement data from Abercrombie & Fitch (ANF-upscale clothing retailer) and TJX Companies (TJX-value-priced clothing retailer including TJ Maxx) -- both dated the end of January 2009 or 2008. ($ millions) Company Total Assets Net Income Sales 2008 TJX Companies Inc. $6, TJX Companies Inc.

6,178 $ 881 $19, Abercrombie & Fitch 2, Abercrombie & Fitch 2,,540 (a) Compute the return on assets for both companies for the year ended January 2009. (Round your answers to one decimal place.) TJX 2009 ROA =Answer% ANF 2009 ROA =Answer% (b) Disaggregate the ROAs for both companies into the profit margin and asset turnover. TJX 2009 Profit Margin =Answer% (Round your answer to one decimal place.) ANF 2009 Profit Margin =Answer% (Round your answer to one decimal place.) TJX 2009 Asset Turnover =Answer(Round your answer to two decimal places.) ANF 2009 Asset Turnover =Answer(Round your answer to two decimal places.) (c) Which of the following is a likely interpretation of the results of your computations for parts a and b?

ANF turns its assets much faster than TJX and this is the primary reason for its higher return on assets. ANF is realizing a higher return on assets as a result of its lower investment in assets. ANF's higher profit margin results from premium prices on its clothing. TJX's value-pricing business model relies on higher turnover of clothing with lower margins. TJX's turnover rate is more than twice as much as ANF's, resulting in a ROA for TJX that is higher than ANF's.

ANF's higher return on assets is the result of its greater level of sales. Check Check