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Calculate account payable turnover ratio and the account receivable turnover ratio (show the calculation). CONSOLIDATED BALANCE SHEETS (in thousands) 2017 December 31, 2018 $ 1,398,886
Calculate account payable turnover ratio and the account receivable turnover ratio (show the calculation).
CONSOLIDATED BALANCE SHEETS (in thousands) 2017 December 31, 2018 $ 1,398,886 ASSETS CURRENT ASSETS: Cash and cash equivalents (Note 14) Short-term investments (Notes 4 and 14) Accounts receivable, net (Note 5) Inventories, net (Note 6) Other current assets (Notes 13 and 19) Total current assets PROPERTY, PLANT AND EQUIPMENT, NET (Note 7) GOODWILL (Notes 3 and 8) OTHER INTANGIBLE ASSETS, NET (Notes 3 and 8) OTHER ASSETS (Note 9) TOTAL ASSETS 2,505,568 4,553,500 178,311 8,636,265 5,334,748 2,184,336 828,504 936,735 $17,920,588 $ 949,104 50,000 2,028,545 3,461,686 335,085 6,824,420 5,093,147 2,196,058 914,646 812,987 $15,841,258 $ 57,870 $ LIABILITIES AND EQUITY CURRENT LIABILITIES: Short-term debt (Notes 11 and 14) Long-term debt due within one year (Notes 11 and 14) Accounts payable (Note 10) Salaries, wages and related accruals (Note 17) Accrued expenses and other current liabilities (Notes 10, 13 and 15) Total current liabilities LONG-TERM DEBT DUE AFTER ONE YEAR (Notes 11 and 14) DEFERRED CREDITS AND OTHER LIABILITIES (Notes 13, 15, 17 and 19) TOTAL LIABILITIES COMMITMENTS AND CONTINGENCIES (Notes 13 and 15) EQUITY NUCOR STOCKHOLDERS' EQUITY (Notes 12 and 16): Common stock (800,000 shares authorized; 380,154 and 379,900 shares issued, respectively) Additional paid-in capital Retained earnings 1,428,191 709,397 610,842 2,806,300 4,233,276 679,044 7,718,620 52,833 500,000 1,181,346 516,660 573,925 2,824,764 3,242,242 689,464 6,756,470 152,061 2,073,715 10,337,445 151,960 2,021,339 8,463,709 Accumulated other comprehensive loss, net of income taxes (Notes 13 and 20) Treasury stock (74,562 and 61,931 shares, respectively) Total Nucor stockholders' equity NONCONTROLLING INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY (304,133) (2,467,010) 9,792,078 409,890 10,201,968 $17,920,588 (254,681) (1,643,291) 8,739,036 345,752 9,084,788 $15,841,258 See notes to consolidated financial statements. CONSOLIDATED STATEMENTS OF EARNINGS 51 CONSOLIDATED STATEMENTS OF EARNINGS (in thousands, except per share data) 2017 2016 Year Ended December 31, 2018 $25,067,279 $20,252,393 $16,208,122 NET SALES (Notes 23 and 24) COSTS, EXPENSES AND OTHER: Cost of products sold (Notes 13 and 20) Marketing, administrative and other expenses Equity in earnings of unconsolidated subsidiaries Impairment of assets (Notes 7 and 24) Interest expense, net (Notes 18 and 19) 17,682,986 687,531 (41,661) 14,182,215 596,761 (38,757) 20,771,871 860,722 (40,240) 110,000 135,535 21,837,888 173,580 18,502,436 169,244 14,909,463 EARNINGS BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS PROVISION FOR INCOME TAXES (Notes 19 and 24) 3,229,391 748,307 2,481,084 1,749,957 369,386 1,380,571 1,298,659 398,243 900,416 NET EARNINGS EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 120,317 61,883 104,145Step by Step Solution
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