Selected balance sheet amounts for Alibaba Group Holding Ltd, a China-based online and mobile commerce company, for

Question:

Selected balance sheet amounts for Alibaba Group Holding Ltd, a China-based online and mobile commerce company, for three recent fiscal years ending March 31 follow:

REQUIRED:

a. Compute the missing balance sheet amounts for each of the three years shown.

b. What asset category do you expect to constitute the majority of the company's current assets?

c. Calculate Alibaba's current ratio for fiscal years 2016 and 2018.

d. Calculate net working capital for 2016 and 2018.

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Step by Step Answer:

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 02:11 AM

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Selected balance sheet amounts for Alibaba Group Holding Ltd, a China-based online and mobile commerce company, for

Question:

Non- Non- Current current Total Current Total current Liabilities (millions of RMB) Assets Assets Assets Liabilities Liabilities Equity 2016.... 20,792 ? 8,071 ? 17,767 38,700 2017 ? 47,114 12,919 26,542 47,088 73,630 114,326 2018. ? 73,377 21,651 22,619 ..... ...

Step by Step Answer:

a b Alibabas current assets are likely to be primarily comprised of cash ...View the full answer

Financial Accounting

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