FNAN 300 BUSINESS FINANCE SPRING 2021 FINANCIAL STATEMENT ANALYSIS PROJECT (DUE BY 11:00PM ON SUNDAY, APRIL 18TH, 2021 IN MOODLE) This project is worth 10 % of the total grade. TJMaxx (TJX), Inc and...

I have to complete this Financial Analysis Project, Attached is the Project instructions, The statements that we have to use & I attached the work I did, I completed it but I got majority of it wrong when I asked the teacher to just look at it.

I also attached all the items that needs to be calculated.


FNAN 300 BUSINESS FINANCE SPRING 2021 FINANCIAL STATEMENT ANALYSIS PROJECT (DUE BY 11:00PM ON SUNDAY, APRIL 18TH, 2021 IN MOODLE) This project is worth 10 % of the total grade. TJMaxx (TJX), Inc and Nordstrom, Inc are the two companies in the same industry. Please use the financial ratio analysis that you have learned from the course to compare these two companies. Please submit all the work in a Word document and/or Excel Spreadsheet in Moodle. (Note: please make sure to show all the details and calculations to earn full credits) NO LATE SUBMISSION IS ACCEPTED. HINTS: Since the depreciation is not given, students are not responsible for the cash coverage ratio. However, they are responsible for the rest of ratios which are specified on the table 3-5 of chapter 3. The market value can be found here TJX Companies, Inc. (The) (TJX) Stock Price, News, Quote & History - Yahoo Finance (example of TJX). The current stock price per share is the big number on the top. It fluctuates all the time, so you can choose it at any time. Categories Formula Calculations TJMaxx Calculations Nordstrom 1) Short-term Solvency or Liquidity Current Ratio 1.24 0.92 Quick Ratio 0.56 0.37 Cash Ratio 0.45 0.24 2) Long-term Solvency or Liquidity Total Debt Ratio 0.75 0.90 Debt-Equity Ratio 3 9 Equity Multiplier 4 10 Times Interest Earned Ratio 440.48 3) Asset Utilization or Turnover: Inventory Turnover 6.13 5.17 Days’ sales in inventory 59.54 70.60 Receivables Turnover 108.00 84.54 Payables Turnover 11.17 6.30 Days’ Sales in Receivables 3.38 4.32 Categories Formula Calculations TJMaxx Calculations Nordstrom Days’ Cost in Payables 32.68 57.94 Total Assets Turnover 1.73 1.55 Capital Intensity or 0.58 0.64 4) Profitability Ratios: Profit Margins 7.84% 3.28% ROA 13.55% 20.08% ROE 55.01% 1545.66% 5) Market Value Ratios Price-earning Ratio 0.00 0.98 Price-sales Ratio 0.00 0.06 Market-Book Ratio 0.00 1 Earnings Per Share Given 2.71 Given 3.20 Price Per Share 0.00 3.13 Sales Per Share 17.13 49.87 Book Value Per Share 2.44 3.14 Market Value per share Price-earnings * EPS 0.00 0.98 * 3.20 3.14 Categories 1) Short-term Solvency or Liquidity Current Ratio Quick Ratio Cash Ratio 2) Long-term Solvency or Liquidity Total Debt Ratio Debt-Equity Ratio Equity Multiplier Times Interest Earned Ratio 3) Asset Utilization or Turnover: Inventory Turnover Days’ sales in inventory Receivables Turnover Payables Turnover Days’ Sales in Receivables Days’ Cost in Payables Total Assets Turnover Capital Intensity 4) Profitability Ratios: Profit Margins ROA ROE 5) Market Value Ratios Price-earning Ratio Price-sales Ratio Market-Book Ratio Earnings Per Share Price Per Share Sales Per Share Book Value Per Share Market Value per share