Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. Note: Complete the entire question

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. AUTOMATIC DATA PROCESSING INC. Balance Sheet $ millions June 30,2019 Current assets orecas: ADPs 2020 inceme statement and balance sheet using the following relations is willionst primal plares_ late: Use nagatlue sigrewith an wers when anpropriate AUTOMATIC DATA PROCESSING INC. Balance Sheet \$ millions June 30,2020 Current assets Cash and cash equivalents Accounts receivable, net Other current assets Total current assets before funds held for clients Funds held for clients Total current assets Long-term receivables, net Property, plant and equipment, net Capitalized contract cost, net Other assets Goodwill Intangible assets, net Total assets Current liabilities Accounts payable Accrued expenses and other current liabilities Accrued payroll and payroll-related expenses Dividends payable Short-term deferred revenues Obligations under reverse repurchase agreements Income taxes payable Total current liabilities before client funds obligations Client funds obligations Total current liabilities Long-term debt Other liabilities Deferred income taxes Long-term deferred revenues Total liabilities Shareholders' equity Preferred stock, $1.00 par value; Authorized, 0.3 shares; issued, none Common stock, $0.10 par value; Authorized, 1,000.0 shares; issued, 638.7 shares; outstanding 434.2 shares Capital in excess of par value Retained earnings Treasury stock, at cost: 204.5 shares Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. AUTOMATIC DATA PROCESSING INC. Balance Sheet $ millions June 30,2019 Current assets orecas: ADPs 2020 inceme statement and balance sheet using the following relations is willionst primal plares_ late: Use nagatlue sigrewith an wers when anpropriate AUTOMATIC DATA PROCESSING INC. Balance Sheet \$ millions June 30,2020 Current assets Cash and cash equivalents Accounts receivable, net Other current assets Total current assets before funds held for clients Funds held for clients Total current assets Long-term receivables, net Property, plant and equipment, net Capitalized contract cost, net Other assets Goodwill Intangible assets, net Total assets Current liabilities Accounts payable Accrued expenses and other current liabilities Accrued payroll and payroll-related expenses Dividends payable Short-term deferred revenues Obligations under reverse repurchase agreements Income taxes payable Total current liabilities before client funds obligations Client funds obligations Total current liabilities Long-term debt Other liabilities Deferred income taxes Long-term deferred revenues Total liabilities Shareholders' equity Preferred stock, $1.00 par value; Authorized, 0.3 shares; issued, none Common stock, $0.10 par value; Authorized, 1,000.0 shares; issued, 638.7 shares; outstanding 434.2 shares Capital in excess of par value Retained earnings Treasury stock, at cost: 204.5 shares Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity

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

Auditing Principles Techniques And Practices

Authors: Mustaq Ahmad, Mohd Ashraf Ali

1st Edition

8184841949, 978-8184841947

More Books

Students also viewed these Accounting questions