Financial Statement Notes: Quarterly Data Quarterly data are presented below for

Question

Financial Statement Notes: Quarterly Data
Quarterly data are presented below for Company C and Company D. One of these companies is Toys “R” Us, a children’s specialty retail chain. The company’s fiscal year ends on the Saturday nearest to January 31. The other company is the Gillette Company prior to its acquisition by Procter & Gamble. Gillette manufactures and sells blades, razors, and toiletries. Gillette was on a calendar year basis.

Required
a. Compute the percentage of annual net sales generated each quarter by Company C. Round to the nearest percent.
b. Compute the percentage of annual net sales generated each quarter by Company D. Round to the nearest percent.

(Amounts in Thousands) First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
Year Company C Net sales $1,216.6 $1,237.3 $1,339.7 $1,617.2 $5,410.8 Gross profit 753.1 773.6 839.0 1,000.8 3,366.5 Company D Net sales $1,172.5 $1,249.1 $1,345.8 $3,401.8 $7,169.2 Gross profit 362.5 384.6 423.2 1,030.3 2,200.6

Explanation / Answer

Compute the percentage of annual net sales generated each quarter by Company C and Company D. Round to the nearest percent.

%age of Annal

Sales first Second Third Fourth

quarter quarter quarter quarter

Company C 22% 23% 25% 30%

Company D 16% 18% 19% 47%

(Amounts in Thousands) First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
Year Company C Net sales $1,216.6 $1,237.3 $1,339.7 $1,617.2 $5,410.8 Gross profit 753.1 773.6 839.0 1,000.8 3,366.5 Company D Net sales $1,172.5 $1,249.1 $1,345.8 $3,401.8 $7,169.2 Gross profit 362.5 384.6 423.2 1,030.3 2,200.6

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