Following are items reported on the financial statements of Microsoft Corporation as of June 30, 2017. of

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Following are items reported on the financial statements of Microsoft Corporation as of June 30, 2017. of the reported accounts have been combined for simplicity.) Amounts given are in millions of dollars.

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a. Prepare a multi-step income statement, a classified balance sheet, and a statement of cash flows using the accounts listed above.

b. Compute the following ratios:
Current ratio Debt-to-total-assets ratio Return on sales ratio

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Financial & Managerial Accounting For Undergraduates

ISBN: 9781618533104

2nd Edition

Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews

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