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Attached is the complete set of 2 requested problems for these financial statements. What additional info are you looking for? I am a bit confused.
Attached is the complete set of 2 requested problems for these financial statements.
What additional info are you looking for?
I am a bit confused. Is that not the total Assets totalling $42,187 showing on the attached balance sheet?
Total current liabilities Long-term debt (d) (note 15) Other long-term obligations (@) (note 6) Deferred income tax liabilities (note 4) Total liabilities 106 4,695 4,961 3,637 4,718 17,911 65 3,955 4,978 2,943 5,091 16,967 Commitments and contingent liabilities (note 10) Shareholders' equity Common shares at stated value () (note 11) Earnings reinvested Accumulated other comprehensive income (loss) (note 18) Total shareholders' equity 1,375 24,812 (1,911) 24,276 1,446 24,560 (1,517) 24.489 Total liabilities and shareholders' equity 42,187 41,456 (a) Accounts receivable, less estimated doubtful accounts included net amounts receivable from related parties of $1,007 million (2018-5666 million). (note 17). (b) Investments and long-term receivables included amounts from related parties of $296 million (2018 - 5146 million). (note 17). (c) Notes and loans payable included amounts to related parties of $111 million (2018 - $75 million). (note 17). (d) Long-term debt included amounts to related parties of S4,447 million (2018 - $4,447 million). (note 17). (e) Other long-term obligations included amounts to related parties of $0 million (2018- $15 million). (note 17). (1) Number of common shares authorized and outstanding were 1,100 million and 744 million, respectively (2018- 1,100 million and 783 million, respectively). (note 11). The information in the notes to consolidated financial statements is an integral part of these statements 2 3 Consolidated statement of comprehensive income (U.S. GAAP) millions of Canadian dollars For the years ended December 31 Net Income (loss) 2019 2,200 2018 2,314 2017 490 (505) 158 (54) Other comprehensive income (loss), net of income taxes Postretirement benefits liability adjustment (excluding amortization) Amortization of postretirement benefits liability adjustment included in net periodic benefit costs Total other comprehensive income (loss) 111 (394) 140 298 136 82 1,806 2.612 572 Comprehensive income (loss) The information in the notes to consolidated financial statements is an integral part of these statements. Ratio Analysis Calculate the current ratio, quick ratio, debt-to equity ratio, asset turnover, times-interest earned, return on assets (ROA) and return on equity (ROE), over a two-year period. Discuss and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations of the current and quick ratios. Are there any factors that could be erroneously influencing the results of the ratios? Discuss liquidity issues of competitive companies within the same industry. Consolidated statement of income (U.S. GAAP) 2019 2018 2017 millions of Canadian dollars For the years ended December 31 Revenues and other income Revenues (a) Investment and other income (note 9) Total revenues and other income 34,002 99 34,101 34,964 135 35,099 29,125 299 29,424 Expenses Exploration (note 16) Purchases of crude oil and products (b) Production and manufacturing (c) Selling and general (c) Federal excise tax and fuel charge Depreciation and depletion Non-service pension and postretirement benefit Financing (d) (note 13) Total expenses 47 20,946 6,520 900 1,808 1,598 143 93 32,055 19 21,541 6.121 908 1,667 1,555 107 108 32,026 183 18,145 5,586 883 1,673 2,172 122 78 28,842 Income (loss) before income taxes 2,046 3,073 582 Income taxes (note 4) (154) 759 92 2,200 Not Income (loss) 2,314 490 Per share information (Canadian dollars) Not income (loss) per common share-basic note 11) Net income (los) per common share - diluted inate 11 (a) Amounts from related parties included in revenues. (note 171 (b) Amounts to related parties included in purchases of crude ol and products, (note 17) (c) Amounts to related parties included in production and manufacturing, and selling and general expenses. (note 17) d) Amounts to related parties included in financing (note 17) 2.88 2.88 8,569 3,305 2.87 2.86 6,383 4,092 0.58 0.58 4.110 2.687 628 98 566 80 544 60 The information in the notes to consolidated financial statements is an integral part of these statements GD analysis Case - Draft Add-ons Help See new changes Times New 12 + BIU A E1 EEE * a Consolidated balance sheet (U.S. GAAP) - 2 4 5 2019 2018 millions of Canadian dollars At December 31 Assets Current assets Cash Accounts receivable, less estimated doubtful accounts (a) Inventories of crude oil and products (note 12) Materials, supplies and prepaid expenses Total current assets Investments and long-term receivables (b) Property, plant and equipment, less accumulated depreciation and depletion Goodwill Other assets, including intangibles, net Total assets 1,718 2,699 1,296 616 6,329 891 988 2,529 1,297 541 5,355 857 34,203 186 578 42,187 34,225 186 833 41,456 Liabilities Current liabilities Notes and loans payable (c) (note 13) Accounts payable and accrued liabilities (a) (note 12) Income taxes payable Total current liabilities Long-term debt (d) (note 15) Other long-term obligations (e) (note 6) Deferred income tax liabilities (note 4) Total liabilities 229 4,260 106 4,595 4,961 3,637 4,718 17,911 202 3.688 65 3,955 4,978 2,943 5,091 16,967 Commitments and contingent liabilities (note 10) Shareholders' oquity Common shares at stated value (note 11) Earnings reinvested Accumulated other comprehensive income (loss) (nota 18) Total shareholders' equity 1,375 24,812 (1.9112 24,276 1.446 24,560 (1,517) 24.489 To 1966 - Horizontal Analysis of Income Statement and Balance Sheet Prepare a two-year horizontal analysis of the income statement and balance sheet of your selected company. Discuss the importance and meaning of horizontal analysis. Discuss both the positive and negative trends presented in your company. Ratio Analysis Calculate the current ratio, quick ratio, debt-to equity ratio, asset turnover, times-interest earned, return on assets (ROA) and return on equity (ROE), over a two-year period. Discus and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations of the current and quick ratios. Are there any factors that could be erroneously influencing the results of the ratios? Discuss liquidity issues of competitive companies within the same industryStep by Step Solution
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