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ACCT 504 Final Question A+ Solution




CO A) Below you will find selected information (in millions) from Coca-Cola Co.?s 2012 Annual Report;Income Taxes Payable;$471;Short-term Investments and Marketable Securities;8,109;Cash;8,442;Other non-current Liabilities;10,449;Common Stock;1,760;Receivables;4,812;Other Current Assets;2,973;Long-term Investments;10,448;Other Non-current Assets;3,585;Property, Plant and Equipment;23,486;Trademarks;6,527;Other Intangible Assets;20,810;Allowance for Doubtful Accounts;53;Accumulated Depreciation;9,010;Accounts Payable;8,680;Short Term Notes Payable;17,874;Prepaid Expenses;2,781;Other Current Liabilities;796;Long-Term Liabilities;14,736;Paid-in-Capital in Excess of Par Value;11,379;Retained Earnings;55,038;Inventories;3,264;Treasury Stock;35,009;Other information taken from the Annual Report;Sales Revenue for 2012;$48,017;Cost of Goods Sold for 2012;19,053;Net Income for 2012;9,019;Inventory Balance on 12/31/11;3,092;Net Accounts Receivable Balance on 12/31/11;4,920;Total Assets on 12/31/11;79,974;Equity Balance on 12/31/11;31,921;Required;1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.;2. Using the Balance Sheet from your answer above calculate, Current Ratio, Days in Inventory, Average Collection Period, Return on Assets Ratio, Debt to Total Assets and Return on common stockholders? equity ratio. (Make sure to show all your work);(Points: 36);2.;(TCO B) The following selected data was retrieved from the Wal-Mart, Inc. financial statements for the year ending January 31, 2013;Accounts Payable;$38,080;Accounts Receivable;6,768;Cash;7,781;Common Stock;3,952;Cost of Goods Sold;352,488;Income Tax Expense;7,981;Interest Expenses;2,064;Membership Revenues;3,048;Net Sales;466,114;Operating, Selling and Administrative Expenses;88,873;Retained Earnings;72,978;Required;Using the information provided above;1. Prepare a multiple-step income statement;2. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results.;(Points: 36);3. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the 2 questions below;Cash flow from operating activities;In millions;In millions;For the year ended 2012;For the year ended 2011;Net (loss) earnings;$(12,650);$7,074;Depreciation and amortization;5,095;4,984;Impairment of goodwill and purchased intangible assets;18,035;885;Stock-based compensation expense;635;685;Provision for doubtful accounts;142;81;Provision for inventory;277;217;Restructuring charges;2,266;645;Deferred taxes on earnings;(711);166;Excess tax benefit from stock-based competition;(12);(163);Other, net;265;(46);Accounts and financing receivables;1,269;(227);Inventory;890;(1,252);Accounts payable;(1,414);275;Taxes on earnings;(320);610;Restructuring;(840);(1,002);Other assets and liabilities;(2,356);(293);Net cash provided by operating activities;10,571;12,639;Cash flows from investing activities;Investment in property, plant, and equipment;(3,706);(4,539);Proceeds from sale of property, plant, and equipment;617;999;Purchases of available-for-sale securities and other investments;(972);(96);Maturities and sales of available-for-sale securities and other investment;662;68;Payments in connection with business acquisitions, net of cash acquired;(141);(10,480);Proceeds from business divestiture, net;87;89;Net cash used in investing activities;(3,453);(13,959);Cash flow from financing activities;(Payments) issuance of commercial paper and notes payable, net;(2,775);(1,270);Issuance of debt;5,154;11,942;Payment of debt;(4,333);(2,336);Issuance of common stock under employee stock plans;716;896;Repurchase of common stock;(1,619);(10,117);Excess tax benefit from stock-based compensation;12;163;Cash dividends paid;(1,015);(844);Net cash used in financing activities;(3,860);(1,566);Increase (decrease) in cash and cash equivalents;3,258


Paper#73968 | Written in 18-Jul-2015

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