Question
In: Accounting
Following is selected financial information from Cisco Systems Inc. for the year ended July 30, 2016...
Following is selected financial information from Cisco Systems Inc. for the year ended July 30, 2016 ($ millions).
Cash,endingyear ................ $ 7,631 Totalliabilities.................. $ 58,067
Cash from operating activities . . . . . . . 13,570 Cash from financing activities . . . . . (4,699) Sales........................... 49,247 Noncashassets ................ 114,021
Stockholders’equity .............. 63,585 Cashfrominvestingactivities...... (8,117) Costofgoodssold................ 18,287 Netincome.................... 10,739
Totalexpenses(otherthancostof Cash,beginningyear............ 6,877
goodssold)..................20,221 f
- Prepare the income statement, balance sheet and the statement of cash flows for Cisco System for the fiscal year ended July 30, 2016.
- Do the negative amounts for cash from investing- activities and cash from financing activities concern us? Explain
- Using the statements prepared for part a compute the following ratios (for this part only use the year-end balance instead of the average for assets and stockholder’s equity;
- Profit margin
- Asset turnover
- Return on assets
- Return on equity
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Formulating Financial Statements from Raw Data Following is selected financial information from Cisco Systems, Inc., for...
Formulating Financial Statements from Raw Data
Following is selected financial information from Cisco Systems,
Inc., for its fiscal year ended July 30, 2016 ($ millions).
Cash, ending year
$7,631
Total liabilities
$58,067
Cash from operating activities
13,570
Cash from financing activities
(4,699)
Sales
49,247
Noncash assets
114,021
Stockholders' equity
63,585
Cash from investing activities
(8,117)
Cost of goods sold
18,287
Net income
10,739
Total expense (other than cost of goods sold)
20,221
Cash, beginning...
Amortization and Impairment Testing of Identifiable Intangible Assets During the year ended July 30, 2016, Cisco...
Amortization and Impairment Testing of Identifiable
Intangible Assets
During the year ended July 30, 2016, Cisco Systems, Inc.
acquired the following identifiable intangible assets through its
purchase of two companies (in thousands):
Limited Lives
Indefinite Lives
Technology
Customer Relationships
IPR&D
Acquired Company
(in thousands)
Useful life
(in years)
Amount
Useful life
(in years)
Amount
Amount
Lancope, Inc
5
$79,000
6
$29,000
$121,000
Jasper Technologies, Inc
6
240,000
7
75,000
23,000
Cisco acquired Lancope, Inc. in December 2015, and Jasper
Technologies,...
Amortization and Impairment Testing of Identifiable Intangible Assets During the year ended July 30, 2016, Cisco...
Amortization and Impairment Testing of Identifiable
Intangible Assets
During the year ended July 30, 2016, Cisco Systems, Inc.
acquired the following identifiable intangible assets through its
purchase of two companies (in thousands):
Limited Lives
Indefinite Lives
Technology
Customer Relationships
IPR&D
Acquired Company
(in thousands)
Useful life
(in years)
Amount
Useful life
(in years)
Amount
Amount
Lancope, Inc
5
$79,000
6
$29,000
$121,000
Jasper Technologies, Inc
6
240,000
7
75,000
23,000
Cisco acquired Lancope, Inc. in December 2015, and Jasper
Technologies,...
CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July,...
CISCO SYSTEMS INC had the following balance sheet information
(in millions) at the end of July, 2014 and 2015. Total assets were
$105,134.0, and $113,481.0, respectively. Total liabilities were
$48,473.0, and $53,774.0, respectively. For the years ended July,
2014 and 2015 CISCO SYS's sales were $47,142.0 and $49,161.0, and
its net income was $7,854.0 and $8,979.0, respectively. Assume that
the company has an effective tax rate of 30% and an average cost of
debt financing of 10%, calculate the cost...
Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018...
Following is selected financial information from JM Smucker Co.
for the year ended April 30, 2018 ($ millions).
Current assets, end of year
$1,710.5
Long-term liabilities, end of year
$7,013.9
Cash, end of year
211.9
Stockholders' equity, end of year
8,680.2
Cash from investing activities
(305.4)
Cash from operating activities
1,339.8
Cost of products sold
4,973.1
Total assets, beginning of year
17,203.7
Total liabilities, end of year
8,151.1
Revenue
8,092.8
Cash from financing activities*
(1,006.1)
Total expenses, other than cost...
Following is financial information for NetFlix, Inc., for the year ended December 31, 2016 (in thousands)....
Following is financial information for NetFlix, Inc., for the
year ended December 31, 2016 (in thousands). Use the parsimonious
method of forecasting to project net operating
profit after tax (NOPAT) and net operating assets (NOA) for 2017
through 2020, inclusive.
Sales
$ 8,830,669
Net operating profit after tax (NOPAT)
261,828
Operating assets
11,852,828
Operating liabilities
7,542,499
Assume that net operating profit margin (NOPM) and net operating
asset turnover (NOAT) will remain at 2016 levels. Assume that sales
will grow at...
Selected financial information for the Bravo-Zulu Company for the fiscal year ended December 31, 2016 is...
Selected financial information for the Bravo-Zulu Company for
the fiscal year ended December 31, 2016 is as follows:
Net Income
$122,500
Depreciation Expense
50,000
Purchases of plant assets
125,000
Proceeds on Disposals of plant assets
20,000
Loss on Disposal of plant assets
7,500
Accounts receivable increased
2,500
Accounts payable decreased
4,000
Interest expense
5,000
Income tax expense
2,500
Additionally, Bravo-Zulu issued stock in exchange for an
outstanding note payable of $72,500. The cash balance on January 1,
2016 was $37,000....
Selected financial information for the Bravo Zulu company for the fiscal year ended December 31, 2016...
Selected financial information for the Bravo Zulu company for
the fiscal year ended December 31, 2016 is as follows:
Net Income
$122,500
Depreciation expense
50,000
Purchases of plant assets
125,000
Disposals of plants assets
20,000
Gain on Disposal of plant assets
7,500
Accounts receivable decreased
2,500
Accounts payable decreased
4,000
Interest expense
5,000
Income tax expense
2,500
Additionally, Bravo-Zulu issued stock in exchange for an
outstanding note payable of $72,500. The cash balance on January 1,
2016 was $37,000. The...
The following is selected raw data financial information from AFI Corp. for its fiscal year ended...
The following is selected raw data financial information from
AFI Corp. for its fiscal year ended January 29, 2011 ($
millions):
Revenue
$
3,469
Cash from operating
activities
392
Cash, beginning of
year
670
Noncash assets
2,122
Cash from financing
activities
(143)
Cost of goods
sold
1,257
Total expenses (other than
COGS)
2,062
Total
liabilities
1,057
Cash from investing
activities
(93)
How much cash does the company have at the end of the year
?
What is the total stockholders’...
The following information relates to the Cisco Corporation for the years ended December 31. Cisco Corporation...
The following information relates to the Cisco Corporation for
the years ended December 31.
Cisco Corporation
Comparative Balance Sheets
December 31
Assets
2019
2018
Cash
$ 92,700
$ 33,400
Accounts receivable
70,800
37,000
Inventory
131,900
102,650
Investments
84,500
107,000
Equipment
310,000
205,000
Accumulated depreciation - equipment
(49,500)
(40,000)
Total
$640,400
$445,050
Liabilities and Stockholders’ Equity
Accounts payable
$ 62,700
$ 48,280
Accrued expenses payable
15,100
18,830
Bonds payable
140,000
70,000
Common stock
250,000
200,000
Retained earnings
172,600
107,940
Total
$640,400...
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