You have been hired by first citizens bank as a financial analyst. One of your first assignments is to analyze the present financial condition of Bradley Stores, Incorporated. You are provided with the following 2009 balance sheet and income statement information for Bradley stores. In addition, you are told that Bradley Stores has 10,000,000 shares of common stock outstanding, currently trading at $9 per share, and has made annual purchases of $210, 000,000.
To analyze the present financial condition of Bradley Stores, Incorporated, we will need to gather several pieces of information:
1. Balance Sheet: The balance sheet provides information about the company's assets, liabilities, and shareholders' equity as of a specific date. It helps us understand the company's financial position.
2. Income Statement: The income statement shows the company's revenues, expenses, and net income over a specific period. It helps us evaluate the company's profitability.
3. Number of Shares Outstanding: This information tells us how many shares of common stock are currently issued by the company. It helps us calculate financial ratios and understand the ownership structure.
4. Stock Price: The current trading price of the company's shares gives us an idea of the market's perception of the company's value. It can be used to calculate market capitalization or compare it to other similar companies in the industry.
5. Annual Purchases: This information tells us the total amount spent by the company on purchases during the year. It helps us evaluate the scale of operations and cost management.
To start analyzing Bradley Stores, we need to examine the provided balance sheet and income statement for 2009. It would be helpful if you could provide the specific information from those statements, and any additional financial data you may have, such as revenues, expenses, and assets and liabilities breakdowns.
With this information, we can calculate key financial ratios, assess profitability, liquidity, solvency, and efficiency, and make an informed analysis of the company's financial condition.