Toys R Us and Subsidiaries Essay -- GCSE Business Marketing Coursework

Toys R Us and SubsidiariesRunning channel Toys R Us Financial Analysis Note Consistent with the pecuniary report, all amounts are expressed in millions except per share data.Ernst & Young, LLP, unaffiliated auditors for Toys R Us Inc. and Subsidiaries issued an unskilled opinion on the companys financial statements as of February 1, 1997 and on the consolidated results of operations and cash flows for the troika years ending February 1, 1997, February 3, 1996 and January 28, 1995. The report by the independent auditors and their issuance of an unqualified opinion serves to provide reasonable assurance to declivityholders, management, regulatory agencies and the public, that the financial statements are materially correct. Materiality is interpreted to mean that there are no unrecorded adjustments which would impact the decisions or opinions of the readers of these financial statements. The inclusion of the auditors report in the year-end financial report lends credibility to the presentation and allows the users including investors and potential investors to bank on the information as presented. Common melodic line & Treasury StockThe company does not have preferred stock and has not tell or paid dividends on its common stock. As of February 1, 1997, Toys R Us, Inc. and subsidiaries had authorise 650 shares of par value $.10 common stock, of which 300.4 shares were issued. 12.6 shares were held in treasury stock passing 287.8 shares issued and outstanding. The book value of the common stock issued and outstanding was $14.56 which is down from February 3, 1996 at which time the book value was $18.8. The total paid-in capital for common stock was $ 518.8 as of February 1, 1997 and $572.8 as of February 3, 1996. The average price per share received by the company for all common stock issued since inception of the corporation as of February 1, 1997 was $ 1.73.Ratio AnalysisTheres a saying that the decorous thing about standards is that there are so m any of them to hold from. (Maciag, 1998) It is main(prenominal) to choose carefully the ratios to be analyzed to be genuine that there is relevance between the data and the conclusions drawn from it. When choosing industry standards, it is important to select like industries with commonalties that support comparison of results. It would not be arrogate to compare the financial statement of t... ... beating the industry averages for inventory turns. In addition their receivables consistently exceed industry standard by a significant amount. ReferencesEnhanced Analytics. (May 16, 1999). S&P Personal Wealth. Available http//www.personalwealth.com. patience Info. (May 16, 1999). S&P Personal Wealth. Available http//www.personalwealth.com.Maciag, Gregory, A. (April 13, 1998). A wake-up cal for industry standards. content Underwriter. P29.Meigs, Robert F. Williams, Jan R. Haka, Susan F. Bettner, Mark S., (1999) Accounting. p 619.Mills, John R. Yamamura, Jeanne H. (October 1998). The power of cash flow ratios. daybook of Accountancy. V186 n4 p53(7).Stocksheet Media General Quick Source Data-One Wev PageToys R Us INC. (5/16/99) Available http//www.stocksheet.com.Thomson Investors Network Company Report Toys R Us Inc. (5/15/99). Available http//www.thomson.com.Vital Stats. (May 16, 1999). S&P Personal Wealth. Available http//www.personalwealth.com.Wallstreet question Net Report Toys R Us Inc. (May 7, 1999). Available http//www.wsrn.com.Berry, Donna Gorski. (Mid-Oct 1998). Mouths of the millennium. Dairy Foods. 73.74.