Question

Toyota Motor Corp. Use annual report 2017

Using the Annual Report of your selected company answer the following questions in the Discussion:

• What is the value of the company's inventory at year end?
• What was the amount of cost of goods sold for the year?
• What income statement format does the company use? Explain.
• Compute the company's gross profit percentage for the year end.
• Did the gross profit percentage improve, worsen, or hold steady?
• How does the company's gross profit percentage compare to the industry?
• What are the company's inventory turnover and days sales in inventory for the year end? Is there anything interesting to note about these ratios?

Answer 1

Solution:-

1. What is the value of the company's inventory at year end:- (amount in thousands)

Particulars	12/31/2017	12/31/2016	12/31/2015
Inventory	58,900	100,100	110,000

2. What was the amount of cost of goods sold for the year:- (amount in thousands)

Particulars	12/31/2017	12/31/2016	12/31/2015
Cost of goods sold	14,417,200	15,623,800	16,985,600

3. What income statement format does the company use? Explain:-

Comapany uses IFRS provides expanded discussions of accounting guidance under International Financial Reporting Standards (IFRS).

4. Compute the company's gross profit percentage for the year end:-

Particulars	12/31/2017	12/31/2016	12/31/2015
Gross profit (a)	10,204,700	9,789,200	10,455,700
Total Revenue (b)	24,621,900	25,413,000	27,441,300
Percentage (a) / (b) * 100	41.45 %	38.52 %	38.10 %

5 Did the gross profit percentage improve, worsen, or hold steady:-

Gross profit percentage improved as stated in requirement 4.

Note :- As per HOMEWORKLIB RULES only four sub question at a time .