Question
Can someone who is good at writing accounting information please help me out with just 1 para. www.sec.gov/ix?doc=/Archives/edgar/data/66740/000155837020000581/mmm-20191231x10k62bf35.htm#BalanceSheet_251289 The hyperlink does not work. COPY &
Can someone who is good at writing accounting information please help me out with just 1 para.
www.sec.gov/ix?doc=/Archives/edgar/data/66740/000155837020000581/mmm-20191231x10k62bf35.htm#BalanceSheet_251289
The hyperlink does not work. COPY & PASTE
INCOME STATEMENT
Gross profit margin (2 years)
Net profit margin (2 years)
One additional profitability ratio
Comments on the above
BALANCE SHEET
Current ratio (2 years)
Working capital (2 years) (not stated in the syllabus)
Inventory turnover (2 years)
Comments on the above
EXAMPLE:
Balance Sheet
The consolidated balance sheets, found on page 64 of the 2018 SEC 10-K Report, show that total current assets increased from $15,889 in millions in 2017 to $16,825 in millions in 2018.Also, the current liabilities decreased from $19,595 in millions in 2017 to $17,860 in millions in 2018 (The Walt Disney Company, 2018). Further, 2018 working capital, derived by subtracting current liabilities from current assets, equals -$1,035 in millions. In comparison, 2017 working capital (total
current assets totaling $15,889 in millions - total current liabilities totaling $19,595) was -$3,706 in millions. Accordingly, although in both 2017 and 2018, Walt Disney Company has carried negative working capital, 2018 shows improvement in this figure (as the negative working capital has decreased by $2,671in millions).
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