Accounting for MBAs, 7" Edition by Easton, Wid, Halsey & McAnally Practice Quiz $ $ 1. Following is the balance sheet for 3M Company At December 31 Cash and cash equivalents Marketable Securities-current Accounts receivable.net Inventories Other current assets Total current assets Marketable securities-noncurrent Property, plant and equipment-net Goodwill Intangible assets-net Prepaid pension benefits Other assets Total assets 2015 1,798 118 4,154 3,518 2014 1.897 1439 4.238 3.706 1.023 12,303 117 8.480 7,050 1,435 48 1.769 $ 31.209 $ 10.986 126 8,515 9,249 2,601 188 11.052 $ 32,718 $ 2,044 1,694 644 332 2.404 7,118 8,753 3,520 1.580 20,971 106 1.807 732 435 28.84 5,964 6,705 3,843 1.555 18,067 Ve for Short-term debt & current portion of LT debt Accounts payable Accrued payroll Accrued income taxes Other current liabilities Total current liabilities Long-term debt Pension and postretirement benefits Other liabilities Total liabilities 3M Company shareholders' equity: Common stock Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive loss Total 3M Company shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 4,791 36,575 (23,308) (6.359) 11,708 39 11.747 $ 32.718 9 4,379 34,317 (19,307) (6.289) 13,109 33 13.142 $ 31.209 Identify and compute its fiscal year-end 2015 net operating assets. a. $24,077 million b. $20,502 million c. $ 4,334 million d. $14,205 million Accounting for MBAs, 7" Edition by Easton, Wid, Halsey & McAnally Practice Quiz $ $ 1. Following is the balance sheet for 3M Company At December 31 Cash and cash equivalents Marketable Securities-current Accounts receivable.net Inventories Other current assets Total current assets Marketable securities-noncurrent Property, plant and equipment-net Goodwill Intangible assets-net Prepaid pension benefits Other assets Total assets 2015 1,798 118 4,154 3,518 2014 1.897 1439 4.238 3.706 1.023 12,303 117 8.480 7,050 1,435 48 1.769 $ 31.209 $ 10.986 126 8,515 9,249 2,601 188 11.052 $ 32,718 $ 2,044 1,694 644 332 2.404 7,118 8,753 3,520 1.580 20,971 106 1.807 732 435 28.84 5,964 6,705 3,843 1.555 18,067 Ve for Short-term debt & current portion of LT debt Accounts payable Accrued payroll Accrued income taxes Other current liabilities Total current liabilities Long-term debt Pension and postretirement benefits Other liabilities Total liabilities 3M Company shareholders' equity: Common stock Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive loss Total 3M Company shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 4,791 36,575 (23,308) (6.359) 11,708 39 11.747 $ 32.718 9 4,379 34,317 (19,307) (6.289) 13,109 33 13.142 $ 31.209 Identify and compute its fiscal year-end 2015 net operating assets. a. $24,077 million b. $20,502 million c. $ 4,334 million d. $14,205 million
