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Can someone teach me how to answer the above questions? C2-3 Balance Sheet Structure Balance sheets reflect the effects of a company's investing and financing
Can someone teach me how to answer the above questions?
C2-3 Balance Sheet Structure Balance sheets reflect the effects of a company's investing and financing decisions. Balance sheet structure often differs by industry and it is informative to compare the structure of company balance sheets across industries or for one company over a sequence of years. Doing so will help you to understand how the company or companies carry on business. The following table contains balance sheet information for fiscal year 2004 for four differ ent companies. The companies are in four different industries: Airlines, Pharmaceuticals, Con- sulting, and Department Stores. The data given are in millions of dollars. Company A Company B Company C Company D ASSETS Cash Accounts receivable Inventory Prepaid assets 4,254.6 $ $ 322.0 4,072.0 3,812.0 494.0 $ 831.5 8,700.0 0.0 6,830.0 1,482.0 17,012.0 $ 48.8 55.0 0.0 7.6 $111.4 0.0 523.0 138.1 80.6 89.8 5,017.9 3,021.5 1,059.4 $13,353.4 4,947.8 11,482.1 10,127.1 $39,910.4 Total current assets Investment in securities Property &equipment Intangible and other assets 0.0 5,819.7 18.3 $6,669.5 32.8 $163.5 (Continued) Total assets CHAPTER 2 BALANCE SHEET CONCEPTS: ASSETS, LIABILITIES, AND EQUITIES37 Company A Company B Company C Company D LIABILITIES AND EQUITY Accounts payable Notes payable Other current liabilities S 4,361.3 3,319.3 2,029.0 $ 9,709.6 3,600.7 $ 312.8 108.8 877.0 $1,298.6 761.0 $2,903.0 1,722.0 244.0 $ 4,869.0 4,374.0 s 17.5 0.0 30.3 47.8 Total current liabilities Long-term debt Other liabilities 0.0 Total liabilities Shareholders' equity $25,078.0 14,832.4 Total liablities and equity $39,910.4 $3,218.5 3,451.0 $6,669.5 $11,190.0 5,822.0 $17,012.0 47.8 $163.5 Required: 1. Recast the preceding table in terms of percentages; that is, for each individual com pany express every individual asset as a percentage of total assets. Express every indi- vidual liability and equity as a percentage of total liabilities and equity. For example, in the case of Company A cash is 10.7% [($4,254.6/$39,910.4) 100] of total assets, and current liabilities are 24.3% [($9,709.6/$39,910.4) 1001 of total liabilities and equity. These numbers are entered into the following table. Complete the tableStep by Step Solution
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