4 Presentations Reviews

Part 4 (due December 14th) is the review process. Each student must review one other classmate’s (and only one classmate’s) presentation for accuracy. This review is the collaborative portion of the event. Again, see my demonstration for exact details. Keep in mind; you are reviewing another classmate’s presentation. Be sure to conform to common courtesy. If there are errors, then state so, and document them accordingly. When there are no errors then present any notes and complement accordingly. Be sure to review again content Course Admin Notes & Policies – Module >> Course Ground Rules.The subject line of the reviewer’s response (your review must be a response to your classmate’s thread) must read, “Company Name reviewed by Your Name.” Note: this means you must change the subject line when you respond to the classmate’s thread.The following are the items that are to be addressed by the reviewer:Correct page reference(s)Direct link via the url provided by the presenterProvide the calculations for “selected” ratios that were presented (Selected means that you should locate the ratios that are addressed by the presenter as having had a significant financial event. Then present your calculations to verify that these ratios were in fact correctly calculated.) Do not, under any circumstance present the calculations for all ratios presented. At most, I would expect to see only four ratio calculations out of the 40 values presented.Remember that as the reviewer, you are using source material and must also document your source consulted. Grading of part 4:Timeliness and accuracy of the reviewed material and source information presented, to include direct page references. Source consulted with direct url link. Remember the source url must be a direct link to the SEC 10K annual report.Because this assignment involves other students reviewing presentations, late presentations will not be accepted. In the real world of business, coworkers and employers do not accept tardy information in the boardroom. Therefore, plan ahead and be on time.
snapon_inc_by_allison_dorr.pptx

snapon_inc_by_allison_dorr.pptx

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Snap On, Inc. – by Allison Dorr
Ratios
Profit Margin
Gross Profit Margin
Current Ratio
Quick Ratio
Working Capital (dollars in millions)
Accounts Receivable Turnover (times per
year)
Accounts Receivable Days Outstanding
(days)
Inventory Turnover (times per year)
Days of Inventory (days)
Operating Cycle (days)
Note 1: 2016, p 67, 69,
& 71
Note 2: 2014, p 71
Note 3: 2013, 74
2016
2015
2014
2013
16.3% 14.6% 13.2% 11.8%
49.8% 49.2% 48.3% 48.2%
1.9
2.7
2.6
2.5
1.3
1.8
1.6
1.7
$894.5 $1,118.6 $1,139.9 $1,080.8
5.9
6.0
61.9
3.3
110.6
172.5
60.8
3.5
104.3
165.1
Note 1
6.1
5.9
59.8
61.9
3.7
3.8
98.6
96.1
158.4
158
Note 1 & Note 2 &
Note 1
2
3
Significant Observation:
There was a significant increase in Working Capital from 2013 to 2014.
Cause of Significant Observations:
• At 2014 year end, working capital @ $1,139.9 million increased $59.1 million as of
2013 year end (2014, p45)
• In 2014, operating earnings from financial services of $149.1 million increased $23.4
million (18.6%) in 2013 (2014, p27)
• Net cash was $397.9 million in 2014 compared to $392.6 million in 2013 (2014, p28)
• The increase in net current and contract receivables in due to continued growth in
SnapOn’s financial services (2014, p46)
• The $5.3 million increase in net cash reflect higher 2014 net earnings (2014, p28)
Conclusion:
The combined increase in receivables and net cash from 2013 to 2014 caused the
Working Capital to increase.
Bibliography
2016 SnapOn Incorporated Annual Report (2016 SEC 10K). (SEC Filing Date: 02/09/2017).
https://www.sec.gov/Archives/edgar/data/91440/000119312517036139/d308837d10k.htm
Access Date: December 11, 2017.
2014 SnapOn Incorporated Annual Report (2014 SEC 10K). (SEC Filing Date: 02/12/15)
https://www.sec.gov/Archives/edgar/data/91440/000119312515046309/d829867d10k.htm
Access Date: December 11, 2017.
2013 SnapOn Incorporated Annual Report (2013 SEC 10K). (SEC Filing Date: 02/14/2014)
https://www.sec.gov/Archives/edgar/data/91440/000119312514054235/d640970d10k.htm
Access Date: December 11, 2017.
Snap On, Inc. – by Allison Dorr
Ratios
Profit Margin
Gross Profit Margin
Current Ratio
Quick Ratio
Working Capital (dollars in millions)
Accounts Receivable Turnover (times per
year)
Accounts Receivable Days Outstanding
(days)
Inventory Turnover (times per year)
Days of Inventory (days)
Operating Cycle (days)
Note 1: 2016, p 67, 69,
& 71
Note 2: 2014, p 71
Note 3: 2013, 74
2016
2015
2014
2013
16.3% 14.6% 13.2% 11.8%
49.8% 49.2% 48.3% 48.2%
1.9
2.7
2.6
2.5
1.3
1.8
1.6
1.7
$894.5 $1,118.6 $1,139.9 $1,080.8
5.9
6.0
61.9
3.3
110.6
172.5
60.8
3.5
104.3
165.1
Note 1
6.1
5.9
59.8
61.9
3.7
3.8
98.6
96.1
158.4
158
Note 1 & Note 2 &
Note 1
2
3
Significant Observation:
There was a significant increase in Working Capital from 2013 to 2014.
Cause of Significant Observations:
• At 2014 year end, working capital @ $1,139.9 million increased $59.1 million as of
2013 year end (2014, p45)
• In 2014, operating earnings from financial services of $149.1 million increased $23.4
million (18.6%) in 2013 (2014, p27)
• Net cash was $397.9 million in 2014 compared to $392.6 million in 2013 (2014, p28)
• The increase in net current and contract receivables in due to continued growth in
SnapOn’s financial services (2014, p46)
• The $5.3 million increase in net cash reflect higher 2014 net earnings (2014, p28)
Conclusion:
The combined increase in receivables and net cash from 2013 to 2014 caused the
Working Capital to increase.
Bibliography
2016 SnapOn Incorporated Annual Report (2016 SEC 10K). (SEC Filing Date: 02/09/2017).
https://www.sec.gov/Archives/edgar/data/91440/000119312517036139/d308837d10k.htm
Access Date: December 11, 2017.
2014 SnapOn Incorporated Annual Report (2014 SEC 10K). (SEC Filing Date: 02/12/15)
https://www.sec.gov/Archives/edgar/data/91440/000119312515046309/d829867d10k.htm
Access Date: December 11, 2017.
2013 SnapOn Incorporated Annual Report (2013 SEC 10K). (SEC Filing Date: 02/14/2014)
https://www.sec.gov/Archives/edgar/data/91440/000119312514054235/d640970d10k.htm
Access Date: December 11, 2017.

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