Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C Can someone please help me create a balance sheet and income statement using the figures above? thank you (millions) Total assets Total liabilities and

Cimage text in transcribed

Can someone please help me create a balance sheet and income statement using the figures above? thank you

(millions) Total assets Total liabilities and equity Sales Total liabilities Total equity Goodwill Less: Cost of goods sold Retained earnings Total current assets Common stock and additional paid-in capital Property, plant, & equipment, gross Gross profit Total current liabilities Long-term debt Other intangible assets Less: Selling, general, & administrative expenses Inventories Other long-term liabilities Less: Accumulated depreciation Property, plant, & equipment, net Accounts payable Less: Treasury stock Accounts receivable, net Preferred stock Operating profit (EBIT) Earnings before tax Other accrued expenses/payables Net income Cash & equivalents Marketable securities Other current assets Less: Depreciation & amortization expenses Deferred taxes Right-of-use leased assets Other current liabilities Long-term operating lease liabilities Other long-term investments Less: Income tax expense Taxes payable (accrued taxes) Less: Interest expense Other noncurrent assets Current operating lease liabilities Deferred revenue Current portion of long-term debt Other income (expense) Short-term debt Gain/(loss) on sale of assets Accumulated other comprehensive income (loss) 2020 $23,566 $23,566 $14,535 12,499 11,067 10,038 9,496 7,554 6,237 5,275 5,202 5,039 4,560 4.245 3,676 3,001 2,737 2,732 2,626 2,576 2,446 2,248 1,512 1,500 1,460 1,241 1,141 $928 $700 681 607 578 567 523 401 395 379 313 241 223 137 128 109 $91 18 3 (14) (1,014) 2019 $20,596 $20,596 $14,442 11,455 9,141 9,238 9,597 6,778 4,609 4,935 4,826 4,845 4,406 3,217 3,264 3,090 2,255 2,704 2,332 2,494 2,088 2,184 1,454 1,424 1,195 1,052 1,129 $789 $154 143 603 560 731 535 349 397 359 263 243 284 97 138 119 $3 124 337 17 (1,812)

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

Sound Investing, Chapter 22 - Management Discussion And Analysis

Authors: Kate Mooney

1st Edition

007171944X, 9780071719445

More Books

Students also viewed these Accounting questions

Question

What are the assumptions of the test based on the ????-ratio?

Answered: 1 week ago