Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6.Balance Sheet Analysis for CVS Health Corporation Items Amount (in millions) Total Assets $180,000 Total Liabilities [Calculation 76] Total Equity $120,000 Cash and Cash Equivalents

6. Balance Sheet Analysis for CVS Health Corporation

Items Amount (in millions)

Total Assets $180,000

Total Liabilities [Calculation 76]

Total Equity $120,000

Cash and Cash

Equivalents

$50,000

Accounts Receivable $20,000

Inventory $30,000

Long-term Debt $40,000

Calculate the following:

a) Total Liabilities

b) Debt-to-Equity Ratio

c) Current Ratio

d) Return on Equity (ROE)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions