answer asap and show work please

The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online. Click here to view Appendix B Refer to these financial statements and the accompanying notes to answer the following questions. What were P&G's total assets at June 30, 2017? At June 30, 2016? June 30, 2017 June 30, 2016 Total assets $ 120406 million 127316 million How much cash (and cash equivalents) did P&G have on June 30, 2017? Cash and cash equivalents 5569 million What were P&G's research and development costs in 2016? In 2017? 2017 2016 Research and development costs $1 1874 million 1879 million What were P&G's revenues in 2016? In 2017? 2017 2016 Net sales 65058 million $ 65299 million What were the amounts of P&G's depreciation and amortization expense in 2015, 2016, and 2017? 2017 2016 2015 Depreciation and amortization expense $ 15411 million $1 10604 million $ 7144 millionKellogg Company has its headquarters in Battle Creek, Michigan. The company manufactures and sells ready-to-eat breakfast cereals and convenience foods including cookies, toaster pastries, and cereal bars. Selected data from Kellogg Company's recent annual report follows (dollar amounts in millions). Current Year Prior Year 2 Year! Ago Sales $14,580 $14,792 $14,197 Gross prot \"A: 34.73 41.26 38.28 Operating prot 1,024 2,837 1,562 Net cash ow less capital expenditures 1,211 1,170 1,225 Net earnings 633 1805 961 in its annual reports, Kellogg Company has indicated that it plans to achieve sustainability of its operating results with operating principles that emphasize prot-rich, sustainable sales growth, as well as cash ow and return on invested capital. Kellogg believes its steady earnings growth, strong cash ow, and continued investment during a multi-year period demonstrates the strength and exibility of its business model. Compute the percentage change in sales, operating prot, net cash ow less capital expenditures, and net earnings from year to year for the years presented. (Round answers to 2 decimal places, e.g. 52.75%. If an amount reduces the account balance then enter with negative sign.) lo % change change Current Year Lalt Your Sales -1.43 % 4.19 % Operating prot -63.91 % 81.63 % Net cash ow lss capital expenditures 350 % 4.49 % Net earnings -64.99 % 88.14 % The financial statements of P&G are presented in Appendix B. The company's complete annual report, including the notes to the financial statements, is available online. Click here to view Appendix B Refer to P&G's financial statements and the accompanying notes to answer the following questions. (c1) Compute P&G's gross profit for each of the years 2015-2017. 2017 2016 2015 Gross profit 32523 million $ 32390 million $ 33693 millionOne of the more closely watched ratios by investors is the price/earnings (P/E) ratio. By dividing price per share by earnings per share, analysts get insight into the value the market attaches to a company's earnings. More specifically, a high P/E ratio (in comparison to companies in the same industry) may suggest the stock is overpriced. Also, there is some evidence that companies with low P/E ratios are underpriced and tend to outperform the market. However, the ratio can be misleading. P/E ratios are sometimes misleading because the E (earnings) is subject to a number of assumptions and estimates that could result in overstated earnings and a lower P/E. Some analysts conduct "revenue analysis" to evaluate the quality of an earnings number. Revenues are less subject to management estimates and all earnings must begin with revenues. These analysts also compute the price-to-sales ratio (PSR = price per share : sales per share) to assess whether a company is performing well compared to similar companies. If a company has a price-to-sales ratio significantly higher than its competitors, investors may be betting on a stock that has yet to prove itself. [Source: Janice Revell, "Beyond P/E," Fortune (May 28, 2001), p. 174.] (b) Compute the P/E ratio and the PSR for Tootsie Roll and Hershey for 2017. (Round answers to 2 decimal places, e.g. 52.23.) December 31, 2017 P/E Ratio PSR Tootsie Roll HersheyThe nancial statements of P816 are presented in Appendix B. The company's complete annual report, including the notes to the nancial statements, is available online. Click here to view Appendix B. Refer to P&G's nancial statements and the related information in the annual report to answer the following questions. How much working capital did PM; have on June 30, 2017? On June 30, 2016? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter your answer in millions.) June 30, 2017 June 30, 2016 Working capital $ million $ million What were P&G's cash ows from its operating, investing, and nancing activities for 2017? What were its trends in net cash provided by operating activities over the period 2015-2017? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2017 2016 2015 Net cash provided by operating activities 5 : millions $ millions $ millions Net cash used In Investing activities $:] millions $ millions 5 millions Net cash used in nancing activities $: millions $ millions $ millions (Round answers to 1 decimal place, e.g. 52.7.) P&G's net cash provided by operating activities " by % from 2015 to 2016. V by % from 2016 to 2017. Compute P&G's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash ow for 2017. (Round ratio values to 2 decimal places, e.g. 52.75.) Current Cash Debt Coverage :1 Cash Debt Coverage :1 Free cash flow Consolidated Statements of Earnings Amounts in millions except per share amounts; Years ended June 30 2017 2016 2015 NET SALES $ 65,058 $ 65,299 $ 70,749 Cost of products sold 32,535 32,909 37,056 Selling, general and administrative expense 16,568 18,949 20,616 Venezuela deconsolidation charge : : % OPERATING INCOME 13,955 13,441 11,049 Interest expense 465 579 626 Interest income 111 182 149 Other non-operating income/(expense), net M E m EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 13,257 13,369 11,012 Income taxes on continuing operations M E @ NET EARNINGS FROM CONTINUING OPERATIONS 10,194 10,027 E NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS 5,217 E m NET EARNINGS 15,411 10,604 M Less: Net earnings attributable to noncontrolling interests 8_5 @ E NEI' EARNINGS A1TRIBUTABLE TO PROCTER 8: GAMBLE $ 15,326 $ 10,508 $ 7,036 BASIC NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations $ 3.79 $ 3.59 $ 2.92 Earnings/(loss) trom discontinued operations E E M BASIC NET EARNINGS PER COMMON SHARE 3 5.80 $ 3.80 $ 2.50 DILUTED NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations 5 3.69 $ 3.49 $ 2.84 Earnings/(loss) from discontinued operations E H M DILUTED NEI' EARNINGS PER COMMON SHARE 5 5.59 $ 3.69 $ 2.44 DIVIDENDS PER COMMON SHARE $ 2.70 $ 2.66 $ 2.59 (1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. Consolidated Statements of Camprehensive Income Amounts in millions; Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/(LOSS)l NET OF TAX Financial statement translation Unrealized gains/(losses) on hedges (net of $(186), $5 and $739 tax. respectively) Unrealized gains/(losses) on investment securities (net of $(6), $7 and $0 tax. respectively) Unrealized gains/(losses) on defined benefit retirement plans (net at $551, $(621) and $328 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 2017 2016 2015 $15,411 $10,604 $ 7,144 239 (1,679) (7,220) (306) 1 1,234 (59) 28 24 m w 1275 1m 1m 16,686 M w 8_5 s m $16,601 $ 7,381 $1,918 Consolidated Balance Sheets Amounts in millions; As of June 30 2017 2016 Assets CURRENT ASSETS Cash and cash equivalents $ 5,569 $ 7,102 Available-for-sale investment securities 9,568 6,246 Accounts receivable 4,594 4,373 INVENTORIES Materials and supplies 1,308 1,188 Work in process 529 563 Finished goods 2,787 2,965 Total inventories 4,624 4,716 Deferred income taxes 1,507 Prepaid expenses and other current assets 2,139 2,653 Current assets held for sale 7,185 TOTAL CURRENT ASSETS 26,494 33,782 PROPERTY, PLANT AND EQUIPMENT, NET 19,893 19,385 GOODWILL 44,699 44,350 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 24,187 24,527 OTHER NONCURRENT ASSETS 5,133 5,092 TOTAL ASSETS $ 120,406 $ 127,136 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable $ 9,632 $ 9,325 Accrued and other liabilities 7,024 7,449 Current liabilities held for sale 2,343 Debt due within one year 13,554 11,653 TOTAL CURRENT LIABILITIES 30,210 30,770 LONG-TERM DEBT 18,038 18,945 DEFERRED INCOME TAXES 8,126 9,113 OTHER NONCURRENT LIABILITIES 8,254 10,325 TOTAL LIABILITIES 64,628 69, 153 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 1,006 1,038 Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2017 - 4,009.2, 2016 - 4,009.2) 4,009 4,009 Additional paid-in capital 63,641 63,714 Reserve for ESOP debt retirement (1,249) (1,290) Accumulated other comprehensive income/(loss) (14,632) (15,907) Treasury stock, at cost (shares held: 2017 - 1,455.9, 2016 - 1,341.2) (93,715) (82,176) Retained earnings 96,124 87,953 Noncontrolling interest 594 642 TOTAL SHAREHOLDERS' EQUITY 55,778 57,983 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 120,406 $ 127,136Consolidated Statements of Shareholders' Equity Accumulated Total Common Additional Reserve for Other Non- Dollars in millions; Common Preferred Treasury Retained Share- Shares Paid-In ESOP Debt Comprehensive Shares in thousands Stock Stock Stock Earnings controlling holders Outstanding Capital Retirement Income/ Interest Equity (Loss) BALANCE JUNE 30, 2014 2,710,806 $4,009 $1, 111 $63,911 ($1,340) ($7,662) ($75,805) $84,990 $762 $69,976 Net earnings 7,036 108 7,144 Other comprehensive loss (5, 118) (5,118 Dividends to shareholders: Common (7,028) (7,028) Preferred, net of tax benefits (259) (259) Treasury purchases (54,670) (4,604) (4,604 Employee plan issuances 54,100 156 ,153 3.309 Preferred stock conversions 4,335 (34) 30 ESOP debt impacts 20 88 Noncontrolling interest, net 219) (239) (458) BALANCE JUNE 30, 2015 2,714,571 $4,009 $1,077 $63,852 ($1,320) ($12,780) ($77,226) $84,807 $631 $63,050 Net earnings 10,508 96 10,604 Other comprehensive loss (3,127) 3,127 Dividends to shareholders: Common (7,181) (7,181) Preferred, net of tax benefits (255) (255) Treasury purchases (103,449) (8,217) (8,217 Employee plan issuances 52,089 (144 ) ,234 3,090 Preferred stock conversions 4,863 (39) 33 ESOP debt impacts 30 74 104 Noncontrolling interest, net (85) (85) BALANCE JUNE 30, 2016 2,668,074 $4.009 $1,038 $63,714 ($1,290) ($15,907) ($82,176) $87,953 $642 $57,983 Net earnings 15,326 35 15,411 Other comprehensive loss 1,275 1,275 Dividends to shareholders: Common (6,989) (6,989) Preferred, net of tax benefits (247) 247 Treasury purchases (164,866) (14,625) (14,625) Employee plan issuances 45,848 ( LL) ,058 2,981 Preferred stock conversions 4,241 (32) 28 ESOP debt impacts 41 31 122 Noncontrolling interest, net (133) (133) BALANCE JUNE 30, 2017 2,553,297 $4,009 $1,006 $63,641 ($1,249) ($14,632) ($93,715) $96,124 $594 $55,778 () Includes $4,213 of treasury shares acquired in the divestiture of the Batteries business (see Note 13).(2) Includes $9,421 of treasury shares received as part of the share exchange in the Beauty Brands transaction (see Note 13). See accompanying Notes to Consolidated Financial Statements.Consolidated Statements of Cash Flows Amounts in millions; Years ended June 30 2017 2016 2015 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR $ 7,102 $ 6,836 $ 8,548 OPERATING ACTIVITIES Net earning 15,411 10,604 7 , 144 Depreciation and amortization 2,820 3,078 3,134 Loss on early extinguishment of debt 543 Share-based compensation expense 351 335 337 Deferred income taxes (601) (815) (803 ) Gain on sale of assets (5,490) (41) (766) Venezuela deconsolidation charge 2,028 Goodwill and intangible asset impairment charges 50 2.174 Change in accounts receivable 322) 35 349 Change in inventories 71 116 313 Change in accounts payable, accrued and other liabilities (149) 1,285 928 Change in other operating assets and liabilities 43) 204 (976) Other 62 184 746 TOTAL OPERATING ACTIVITIES 2,753 15,435 14,608 INVESTING ACTIVITIES Capital expenditures (3,384) (3,314) (3,736) Proceeds from asset sales 571 432 4,498 Cash related to deconsolidated Venezuela operations (908) Acquisitions, net of cash acquired (186) (137 ) Purchases of short-term investments (4,843) (2,815) (3,647) Proceeds from sales and maturities of short-term investments 1,488 1,354 1,203 Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture (874) (996) Cash transferred at closing related to the Beauty Brands divestiture (475) Release of restricted cash upon closing of the Beauty Brands divestiture 1,870 Cash transferred in Batteries divestiture (143) Change in other investments (26) 93 (163 TOTAL INVESTING ACTIVITIES 5,689) (5,575) (2,890) FINANCING ACTIVITIES Dividends to shareholders (7,236) (7,436) (7,287) Change in short-term debt 2,727 (418) (2,580) Additions to long-term debt 3,603 3,916 2,138 Reductions of long-term debt (4,931) (1) (2,213) (3,512) Treasury stock purchases (5,204) (4,004) (4,604) Treasury stock from cash infused in Batteries divestiture - (1,730) Impact of stock options and other 2,473 2,672 2,826 TOTAL FINANCING ACTIVITIES (8,568) (9,213) (13,019) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (29) (381) (411 CHANGE IN CASH AND CASH EQUIVALENTS (1,533) 266 (1,712) CASH AND CASH EQUIVALENTS, END OF YEAR $ 5,569 $ 7,102 $ 6,836 SUPPLEMENTAL DISCLOSURE Cash payments for interest $ 518 $ 569 $ 678 Cash payment for income taxes 3,714 3,730 4,558 Divestiture of Batteries business in exchange for shares of P&G stock(2) 4,213 Divestiture of Beauty business in exchange for shares of P&G stock and assumption of debt 11,360 Assets acquired through non-cash capital leases are immaterial for all periods (1) Includes $543 of costs related to early extinguishment of debt. (2) Includes $1,730 from cash infused into the Batteries business pursuant to the divestiture agreement (see Note 13). See Notes to Consolidated Financial Statements