Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the Current Ratio and Debt to Assets ratios for Genuine Parts Company for the year ended Dec. 31, 2020 (See the Genuine Parts 10-k

image text in transcribed

Calculate the Current Ratio and Debt to Assets ratios for Genuine Parts Company for the year ended Dec. 31, 2020 (See the Genuine Parts 10-k link above). Show your calculations. Genuine Parts Company and Subsidiaries Consolidated Balance Sheets (In Thousands, Except Share Data and per Share Amounts) As of December 31, 2020 2019 990,166 $ 1,556,966 3,506,271 1,060,360 Assets Current assets: Cash and cash equivalents Trade accounts receivable, net Merchandise inventories, net Prepaid expenses and other current assets Current assets of discontinued operations Total current assets Goodwill Other intangible assets, net Deferred tax assets Operating lease assets Other assets Property, plant and equipment, net Noncurrent assets of discontinued operations Total assets 7,113,763 1,917,477 1,498,257 65,658 1,038,877 644,140 1,162,043 276,992 2,440,252 3,443,876 1,063,245 714,251 7,938,616 2,293,519 1,492,097 45,921 995,667 457,350 1,173,688 248,771 14,645,629 13,440,215 $ S 4,128,084 $ 160,531 1,491,426 114,043 Liabilities and equity Current liabilities: Trade accounts payable Current portion of debt Other current liabilities Dividends payable Current liabilities of discontinued operations Total current liabilities Long-term debt Operating lease liabilities Pension and other post-retirement benefit liabilities Deferred tax liabilities Other long-term liabilities Noncurrent liabilities of discontinued operations Equity: Preferred stock, par value $1 per share-authorized 10,000,000 shares; none issued Common stock, par value $1 per share - authorized 450,000,000 shares; issued and outstanding - 2020 - 144,354,335 shares and 2019 - 145,378,158 shares Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total parent equity Noncontrolling interests in subsidiaries Total equity Total liabilities and equity 5,894,084 2,516,614 789,294 265,687 212,910 543,623 3,948,000 624,043 1,493,109 110,851 218,117 6,394,120 2,802,056 756,519 249,832 233,044 445,652 68,906 144,354 117,165 (1,036,502) 3,979,779 3,204,796 13,207 3,218,003 13,440,215 145,378 98,777 (1,141,308) 4,571,860 3,674,707 20,793 3,695,500 14,645,629 S

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

Computer Accounting With QuickBooks Online

Authors: Donna Kay

3rd Edition

1264127278, 9781264127276

More Books

Students also viewed these Accounting questions

Question

=+c. Use the pooled t test to reach a conclusion in Exercise 35.

Answered: 1 week ago

Question

i) What is the current (unlevered)

Answered: 1 week ago