Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance She (in millions) 6/28/2019 Assets: Current assets: begin{tabular}{lr} Cash & cash equivalents & $2,220.0 Short-term investments & 0.0 Accounts receivable, net &

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

Balance She (in millions) 6/28/2019 Assets: Current assets: \begin{tabular}{lr} Cash \& cash equivalents & $2,220.0 \\ Short-term investments & 0.0 \\ Accounts receivable, net & 989.0 \\ Inventories & 970.0 \\ Other current assets & 184.0 \\ \cline { 2 - 3 } Total current assets & 4,363.0 \\ Property, equipment \& leasehold improvements, net & 1,869.0 \\ Goodwill & 1,237.0 \\ Other intangible assets, net & 111.0 \\ Deferred income tax asset & 1,114.0 \\ Other long-term assets & 191.0 \\ Total assets & $8,885.0 \\ \hline & \end{tabular} Liabilities and Stockholders' Equity: Current liabilities: AccountspayableSalariespayableWarrantyliabilityCurrentportionoflong-termdebt$1,420.0169.091.00.0 An analyst provides the following assumptions used to forecast balance sheet amounts in year 2020 . Assume 'no change' for accounts not listed. Assume that all capital expenditures are purchases of property, plant and equipment (PP\&E), and that no PP\&E assets are sold or retired during years 2019 or 2020 . Note that forecasts of revenue and net income (calculated by the analyst) are provided below and should be used in your forecast of the balance sheet. Use the information above to prepare a forecasted balance sheet for fiscal year 2020 . Then, answer the following questions. Calculate the forecasted amount of property, equipment, \& leasehold improvements, net for 2020. Calculate the forecasted amount of other intangible assets, net for 2020. Calculate the forecasted amount of long-term debt (less current portion) for 2020. Calculate the forecasted amount of retained earnings (accumulated deficit) for 2020. Calculate the forecasted amount of total liabilities and equity for 2020. Calculate the forecasted amount of cash \& cash equivalents for 2020

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_2

Step: 3

blur-text-image_3

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

International Trade Finance

Authors: Indian Institute Of Banking & Finance

1st Edition

9386394723, 978-9386394729

More Books

Students also viewed these Finance questions

Question

Recognize how to ensure data quality through validation.

Answered: 1 week ago

Question

Describe how language reflects, builds on, and determines context?

Answered: 1 week ago