1 / 14

Finish line

Finish line. Danny Cordero. ACG 2021. SEC 002. Executive Summary. Shoe sales are increaing Finish line INC. Will have an increase in Income. http://media.corporate-ir.net/media_files/irol/81/81647/pdfs/AR2003.pdf. Part A. Introduction CEO- Alan H. Cohen

troy-baird
Download Presentation

Finish line

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Finish line Danny Cordero ACG 2021 SEC 002

  2. Executive Summary Shoe sales are increaing Finish line INC. Will have an increase in Income http://media.corporate-ir.net/media_files/irol/81/81647/pdfs/AR2003.pdf

  3. Part A. Introduction • CEO- Alan H. Cohen • Indianapolis, Indiana • March 1, 2003 • Lifestyle shoes, active wear and accessories. • US

  4. Part A. Audit Report • Ernst & Young LLP Auditor states that the registration statement that goes along with Finish line and employee stock incentive plan that pertain to Finish line is with respect to the consolidated F/S

  5. Part A. Stock Market Information • Most recent price of stock is 17.06 • Twelve month trading range of the company’s stock 23.39-13.29 • Dividend per share .10 • 3/4/06 • Hold because stock will increase

  6. Part B. Industry Situation and Company Plan • Finish line’s outlook is to make the business grow and have more mall based store than any other active wear store. • Letter to the Stockholders 477 stores in 45 states and plans build additional 50 more store in malls .potential for 700 to 800 Finish line stores in US.

  7. Part C. Income Statement Single step Finish Line had an increase from 2002 to 2003

  8. Part C. Balance Sheet Total asset increase ,marketable securities decrease, RE increase so did total SHE Total assets changed the most.

  9. Part C. Statement of Cash Flow • Net income is more for the past two years • A loss in property, plant & equipment because of a tornado. • Stock sales ? • Increase

  10. Part D. Accounting Policies • Significant Accounting Policies Basis of presentation, Nature of Operations, Use of Estimates, Earnings Per Share, Revenue Recognition, Cash and cash equivalents, Merchandise Inventories, Property and equipment, Impair of long –lived assets, Store opening closing cost, deferred rent payment, advertising, financial instruments, stock based compensation • Topics notes to the financial statement reclassification, Marketable Securities, Debt Agreement, Leases,Income taxes, Retirement Plan, Stock Options, Earning Per Share, Common Stock, repositioning and Asset Impairment Charges, Infrequent Event

  11. Part E. Financial Analysis Market Strength Ratios 2003 2002 Price/earning 1.09 .76 Dividend yield 0% 0%

  12. Part E. Financial Analysis Profitability Ratios 2003 2002 • Profit margin 3% 2.6% • Asset turnover 3.2times 2.2times • Return on assets .96% 5.72% • Return on equity 9.94% 7.84%

  13. Part E. Financial Analysis Liquidity Ratios 2003 2002 WC $18629 $23602 CR 1.34 1.46 Rturnover 187.53 246.24 Avgday sales uncollect 1.94 1.48 Inventory turnover 447.44 404.07 Avg days’ Inv on hand .88 .90

  14. Part E. Financial Analysis Solvency Ratio 2003 2002 Debt to Equity 34.9 34.6

More Related