Executive Memo Finance.docx JWMI 530 Jack Welch Management Institute JWMI 530- Assign
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Executive Memo Finance.docx JWMI 530 Jack Welch Management Institute JWMI 530- Assignment B Executive Memo for Rite Aid and CVS Profitability/Net Income Margins Net income (NI),also known as net earnings, is calculated by the sales minus the cost of goods sold (COGS), selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other charges (Kenton, 2021). Below outlines the analysis of the two companies. Rite Aid (units measured in thousands) 2020 2019 Net profit (Net income) -$(452,174) -$ (422,213) The Rite Aid reduction in net loss is due to lower goodwill and intangible asset charges, lower LIFO expense, lower lease termination, and impairment charges, and again on debt retirements in the current year compared to a loss on debt retirements
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