The following information was extracted from annual reports of 3M (dollars in millions) Compute the missing information 2013 2014 2012 Beginning inventory Purchases $ 3,416 16,106 16,289 Goods available for sale 19,522 Ending inventory Cost of goods sold 3,864 $16,106 $15,685 $16,447...

123112 Ending inventory Cost of Goods Sold Goods available for sale Ending Inventory 15685 19522 End ...

The following information was extracted from annual reports of 3M (dollars in millions): Compute the missing information.

Question:

The following information was extracted from annual reports of 3M (dollars in millions):

2013 2014 2012 Beginning inventory Purchases $ 3,416 16,106 16,289 Goods available for sale 19,522 Ending inventory Cost

Compute the missing information.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting in an Economic Context

ISBN: 978-1119444367

10th edition

Authors: Jamie Pratt

See More Books

Question Posted: Nov 23, 2018 04:12 AM

See More Questions

The following information was extracted from quarterly reports for Walmart Stores, Inc. (amounts in millions): The following information was extracted from the notes to the financial statements in...
The following information was extracted from the December 31, 2017, balance sheets of four different companies: There were no transactions in equity securities during 2018, and as of December 31,...
The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): The following information was extracted from the notes to the financial statements in the...
What tensions may arise if a shareholder-centric model is imposed on a stakeholder-focused society?
You are given the following spot quote: EUR/GBP 1.5015-1.5040 (a) The above quote is for which currency? (b) What is the bid price for EUR in terms of GBP?
Criterion for Vapor-Free Flow in a Pipeline, to ensure that a pipeline is completely liquid-filled, it is necessary that p > P vap at every point. Apply this criterion to the system in Fig. 7.5-1, by...
Consider two events E and G, such that E G. Then prove that P() < P(G).
The FASB requires for-profit entities to classify their investments as trading, available-for-sale, or held-to-maturity. However, it does not require not-for-profit entities to do the same. What...
Coronado Beverage Company reported the following items in the most recent year. Net income $46,300 Dividends paid 5,200 Increase in accounts receivable 12,760 Increase in accounts payable 8,220...
There is a lottery with n coupons and n people take part in it. Each person picks exactly one coupon. Coupons are numbered consecutively from 1 to n, n being the maximum ticket number. The winner of...
A summary of the December 31, 2017, a balance sheet of Ellington Industries follows: 2017 Assets Current assets...
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid...
How many significant figures does each of the following numbers have? (a) 0.73 (b) 7.30 (c) 73 (d) 0.073
In this Capstone experience, you will develop a strategy playbook for a selected organization. You may be familiar with the concept of a playbook as it relates to a sports team, but what might that...
On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Debit Credit $25,900 Accounts Receivable 46,500 Allowance for Uncollectible...
The WRX can travel 1 / 4 of a mile in 1 3 . 9 sec . Calculate the acceleration over this distance if assumed constant.
You are expected to develop two simulators mimicking the behavior and analyze the performance of iterative multiplication algorithm and add-and-shift multiplication algorithm. You are free to use any...
A.BRK Company, which Manufactures bags, has a Capacity of 130,000 bags per month. Currently its operating capacity is 100,000 units. The company receives a special order of 20,000 bags at $9 a bag. A...
What is the advantage of the series of short-term loans for Everglade?
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
An article in Forbes noted that accounting rules.can often change the way companies do business. Under the accounting rule covering receivables and payables denominated in foreign currencies, for...
The SEC Form 10-K of NIKE is reproduced in Appendix C. REQUIRED: Review the SEC 10-K Form for NIKE, and answer the following questions. a. Compute the change in NIKEs current ratio and working...
In its 2008 annual report, Hewltt-Packard reported beginning inventory of $8.0 billion, ending inventory of $7.9 billion on the balance sheet, and cost of goods sold of $69.3 billion on the income...
4) Read the following case carefully and answer the given questions. You have been the finance director of a clothing retailer for ten years. The companys year end is 31st December 2019, and you are...
all of the other problems here on chegg don't describe right on how they god the answer. can you make it step by step math to show how you got what and from where and each number to get the answer...
D Required information The following Information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and...

The following information was extracted from annual reports of 3M (dollars in millions): Compute the missing information.

Question:

2013 2014 2012 Beginning inventory Purchases $ 3,416 16,106 16,289 Goods available for sale 19,522 Ending inventory Cost of goods sold 3,864 $16,106 $15,685 $16,447

Step by Step Answer:

123112 Ending inventory Cost of Goods Sold Goods available for sale Ending Inventory 15685 19522 End...View the full answer

Financial Accounting in an Economic Context

Students also viewed these Business questions