Question
In: Accounting
Refer to the balance sheet and notes to the financial statements of Starbucks for the most...
Refer to the balance sheet and notes to the financial statements of Starbucks for the most recent balance sheet
In your own words (no copy/paste), post two or three well-written sentences based on what you see for each of the following balance sheet items and what you learned in class about them.
1. Tangible
non-current operating assets the company owns and depreciation
methods it uses.
2. Intangible non-current operating assets the company owns and
uses, and whether or not they are amortized.
3. Investments in trading securities, available for sale
securities, held-to-maturity securities, and/or investments in
stock accounted for by either the fair value
through net income or equity methods.
4. Current liabilities the company has.
5. Extent and nature of long-term debt.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
For Walmart Inc., find the balance sheet and notes to the financial statements in the fiscal...
For Walmart Inc., find the balance sheet and notes to the
financial statements in the fiscal year ended on January 31, 2018
Form 10- K. The Form 10- K can be located by going to the home page
of the Securities and Exchange Commission and locating the SEC
EDGAR Database. The address for the home page is www. sec. gov.
Using the information you find, answer the following questions:
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Refer to the consolidated financial statements and notes in the
2017 financial report of Wesfarmers on its website,
http://www.wesfarmers.com.au/docs/default-source/reports/j000901-ar17_interactive_final.pdf?sfvrsn=4
and answer the following questions
1.How much cash has been raised by interest-bearing loans in the
most recent financial year? How much of such loans has been repaid?
How do these amounts compare with the previous year?
2. Determine whether any of the non-current liabilities are
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3. Are there any non-current provisions? If so, what, in very
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Refer to the consolidated financial statements and notes in the 2017 financial report of Wesfarmers on...
Refer to the consolidated financial statements and notes in the
2017 financial report of Wesfarmers on its website,
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and answer the following questions:
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financial year?
What items are included under the heading ‘Provisions’ in the
‘Current Liabilities’ section of the statement...
Refer to the consolidated financial statements and notes in the 2017 financial report of Wesfarmers on...
Refer to the consolidated financial statements and notes in the
2017 financial report of Wesfarmers on its website,
http://www.wesfarmers.com.au/docs/default-source/reports/j000901-ar17_interactive_final.pdf?sfvrsn=4
and answer the following questions:
Have the current liabilities of Wesfarmers increased or
decreased over the year? By how much? What classes of liabilities
are recorded under the classification “Current Liabilities”?
What are the major liabilities of Wesfarmers at the end of the
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What items are included under the heading ‘Provisions’ in the
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Carter Corporation Income Stmt and Comparative Balance Sheet Refer to the following financial statements for Crosby...
Carter Corporation Income Stmt and Comparative Balance
Sheet
Refer to the following financial statements for Crosby
Corporation:
CARTER CORPORATION
Income Statement
For the Year Ended December 31, 20X2
Sales
$
3,000,000
Cost of goods sold
2,544,000
Gross profit
$
456,000
Selling and administrative expense
90,000
Depreciation expense
100,000
Operating income
$
266,000
Interest expense
66,000
Earnings before taxes
$
200,000
Taxes
80,000
Earnings after taxes
$
120,000
Statement of Retained Earnings
For the Year Ended December 31,...
Carter Corporation Income Stmt and Comparative Balance Sheet Refer to the following financial statements for Crosby...
Carter Corporation Income Stmt and Comparative Balance
Sheet
Refer to the following financial statements for Crosby
Corporation:
CARTER CORPORATION
Income Statement
For the Year Ended December 31, 20X2
Sales
$
3,000,000
Cost of goods sold
2,544,000
Gross profit
$
456,000
Selling and administrative expense
90,000
Depreciation expense
100,000
Operating income
$
266,000
Interest expense
66,000
Earnings before taxes
$
200,000
Taxes
80,000
Earnings after taxes
$
120,000
Statement of Retained Earnings
For the Year Ended December 31,...
The most recent financial statements for ABC, Inc. are shown here: Income Statement Balance Sheet...
The most recent financial statements for ABC, Inc. are shown
here:
Income Statement
Balance Sheet
Sales
4,800
Current assets
6,084
Current Liabilities
1,244
Costs
3,840
Fixed assets
5,183
Long-term debt
2,487
Taxable income
960
Equity
7,036
Taxes (35%)
336
Retained earnings
500
Net income
624
Total
11,267
Total
11,267
The company is running at full capacity and the company
maintains a constant 50 percent dividend payout ratio. Like every
other firm in its industry, next year's sales are projected...
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet...
The most recent financial statements for Bello, Inc., are shown
here:
Income Statement
Balance Sheet
Sales
$
40,200
Assets
$
148,000
Debt
$
43,500
Costs
27,300
Equity
104,500
Taxable income
$
12,900
Total
$
148,000
Total
$
148,000
Taxes (23%)
2,967
Net income
$
9,933
Assets and costs are proportional to sales; debt and equity are
not. A dividend of $3,450 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected...
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet...
The most recent financial statements for Bello, Inc., are shown
here:
Income Statement
Balance Sheet
Sales
$
39,600
Assets
$
145,000
Debt
$
42,000
Costs
27,000
Equity
103,000
Taxable income
$
12,600
Total
$
145,000
Total
$
145,000
Taxes (25%)
3,150
Net income
$
9,450
Assets and costs are proportional to sales; debt and equity are
not. A dividend of $3,300 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected...
income statements and balance sheets follow for Microsoft Corporation. Refer to these financial statements to answer...
income statements and balance sheets follow for Microsoft
Corporation. Refer to these financial statements to answer the
requirements. (non-operating items are red-marked)
MICROSOFT CORPORATION
Income Statements
For the years ended June 30,
(in millions)
2016
2015
Revenue
Product
$61,502
$75,956
Service
23,818
17,624
Total revenue
85,320
93,580
Cost of revenue
Product
17,880
21,410
Service and other
14,900
11,628
Total cost of revenue
32,780
33,038
Gross margin
52,540
60,542
Research and development
11,988
12,046
Sales and marketing...
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