Question
12. Given the following financial information: (20 points; 4 points each) Income Statement (2019) Balance Sheet (2019) (Income statement and balance sheet numbers are in
12. Given the following financial information: (20 points; 4 points each)
Income Statement (2019) Balance Sheet (2019) (Income statement and balance sheet numbers are in millions)
Revenue $3,047 Cash 29 A/P 475
CGS Expense 2,692 A/R 443 N/P 168
SG&A Expense 176 Inventory 454 Total C/L 643
Depr. Expense 84 Tot. Curr Asset 926 L-T Debt 210
EBIT 95 Net PP&E 55 Total Liab. 853
Interest Expense 12 Goodwill 214 Common Stock 386 Taxes 22 Intang. Assets 121 Treasury Stock -325
Net Income 61 Other L-T Assets 72 Ret. Earnings 474
Total Assets 1,388 Total Stock Eq 535
Tot. Liab &OE 1,388
12A.What type of firm does the above financial information most likely represent?
- Manufacturer
- Insurer
- Distributor
- Hospital
- Generic Pharmaceutical
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started