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Consider the following balance sheet. Balance Sheet - Seagate Technology ( in millions ) 7 / 1 / 2 0 2 2 Assets: Current assets:
Consider the following balance sheet.
Balance Sheet Seagate Technology
in millions
Assets:
Current assets:
Cash & cash equivalents $
Shortterm investments
Accounts receivable, net
Inventories
Other current assets
Total current assets
Property, equipment & leasehold improvements, net
Goodwill
Other intangible assets, net
Deferred income tax asset
Other longterm assets
Total assets $
Liabilities and Stockholders Equity:
Current liabilities:
Accounts payable $
Salaries payable
Warranty liability
Current portion of longterm debt
Other accrued expenses
Total current liabilities
Other longterm liabilities
Longterm debt, less current portion
Total liabilities
Stockholders equity:
Additional paidin capital
Accumulated other comprehensive income loss
Retained earnings accumulated deficit
Noncontrolling interest
Total equity
Total liabilities and equity $
An analyst provides the following assumptions used to forecast balance sheet amounts in year Assume no change for accounts not listed. Assume that all capital expenditures are purchases of property, plant and equipment PP&E and that no PP&E assets are sold or retired during years or Note that forecasts of revenue and net income calculated by the analyst are provided below and should be used in your forecast of the balance sheet.
Assumptions used to forecast balance sheet in fiscal year
dollar amounts in millions
Revenue forecasted by analyst $
Net income forecasted by analyst $
Accounts receivable, as a of revenue
Inventories, as a of revenue
Other current assets, as a of revenue
Deferred income tax asset, as a of revenue
Accounts payable, as a of revenue
Salaries payable, as a of revenue
Warrany liability, as a of revenue
Other accrued expenses, as a of revenue
Other longterm liabilities, as a of revenue
CAPEX, as a of revenue
Depreciation expense $
Amortization expense $
Increase in aditional paidin capital for stock compensation $
Dividends, as a of net income
Longterm debt that will be due within year of forecast date $
Use the information above to prepare a forecasted balance sheet for fiscal year Then, answer the following questions.
a Calculate the forecasted amount of property, equipment, & leasehold improvements, net for
Select
b Calculate the forecasted amount of other intangible assets, net for
Select
c Calculate the forecasted amount of longterm debt less current portion for
Select
d Calculate the forecasted amount of retained earnings accumulated deficit for
Select
e Calculate the forecasted amount of total liabilities and equity for
Select
f Calculate the forecasted amount of cash & cash equivalents for
Select
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