Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A B C D E F Kraft (in millions $) Year Year Ending Ending Kellogg (in millions $) Year Year 3 12/31/X2 12/31/X1 Ending

image text in transcribed

A B C D E F Kraft (in millions $) Year Year Ending Ending Kellogg (in millions $) Year Year 3 12/31/X2 12/31/X1 Ending Ending 12/31/X2 12/31/X1 4 Net Income 4,114 3,021 1,247 1,212 5 Total Liabilities 59,455 40,838 9,689 8,928 6 Total Equity 35,834 25,876 2,158 2,272 7 Revenues 49,207 38,754 12,397 12,575 8 9 a) Total Assets 95,289 10 b) Return on Assets G H 11 ROA Net Income / Average Total Assets 12 c) Total expenses 13 d) 14 e) Show the Excel formulas by hitting CNTRL (You need to use Excel to do your math or this won't work). 15 16 Hint1: To calculate total assets remember the fundamental accounting equation. 17 Hint2: To calculate total expenses remember the formula on the income statement. 18 19

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Managerial Accounting An Introduction to Concepts Methods and Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

11th edition

1111571260, 978-1111571269

More Books

Students also viewed these Accounting questions

Question

What is the effect of word war second?

Answered: 1 week ago

Question

Graph one period of each function. y = 4 cos x

Answered: 1 week ago