Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consolidated Balance Sheets USD ($) in Millions June 30, 2015 June 30,2014 Current Assets Cash and Cash Equivelents $6,845 $8,558 Available-for-Sale Securities 4,767 2,128 Accounts
Consolidated Balance Sheets USD ($) in Millions | June 30, 2015 | June 30,2014 |
Current Assets | ||
Cash and Cash Equivelents | $6,845 | $8,558 |
Available-for-Sale Securities | 4,767 | 2,128 |
Accounts Receivable | 4,861 | 6,386 |
INVENTORIES | ||
Materials and Suppliers | 1,392 | 1,742 |
Work in Progress | 550 | 684 |
Finished Goods | 3,512 | 4,333 |
Total Inventories | 5,454 | 6,759 |
Deferred Income Taxes | 1,356 | 1,092 |
Prepaid Expenses and Other Current Assets | 2,853 | 3,845 |
Assets Held for Sale | 3,510 | 2,849 |
Assets, Current | 29,646 | 31,617 |
Property, Plant and Equipment, Net | 20,268 | 22,304 |
Goodwill, Net | 47,316 | 53,704 |
Trademarks and other Intangible Assets, Net | 26,829 | 30,843 |
Other Assets, Noncurrent | 5,436 | 5,798 |
Assets | 129,495 | 144,266 |
CURRENT LIABILITIES | ||
Accounts Payable | 8,257 | 8,461 |
Accrued and Other Liabilities | 8,325 | 8,999 |
Liabilities Held for Sale | 1,187 | 660 |
Debt Due Within One Year | 12,021 | 15,606 |
Liabilities, Current | 29,790 | 33,726 |
Long-term Debt, Excluding Current Maturities | 18,329 | 19,811 |
Deferred Tax Liabilities, Net Noncurrent | 9,531 | 10,218 |
Other Liabilities, Noncurrent | 8,795 | 10,535 |
Liabilities | 66,445 | 74,290 |
SHAREHOLDERS' EQUITY | ||
Commonstock, stated value $1 per share (10,000 shares authorized; shared issued: 2015 - 4,009.2; 2014 - 4009.2) | 4,009 | 4,009 |
Additional Paid-In Capital | 63,852 | 63,911 |
Reserve for ESOP Debt Retirement | (1,320) | (1,320) |
Accumulated Other Comprehensive Income (loss) | (12,780) | (7,662) |
Treasury Stock, Value | (77,226) | (75,805) |
Retained Earnings | 84,807 | 84,990 |
Noncontrolling Interest | 631 | 762 |
TOTAL SHAREHOLDERS' EQUITY | 63,050 | 69,976 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 129,495 | 144,266 |
Preferred Class A [Member] | ||
SHAREHOLDERS' EQUITY | ||
Preferred Stock, Value, Issued | 1,077 | 1,111 |
Preferred Class B [Member] | ||
SHAREHOLDERS' EQUITY | ||
Preferred Stock, Value, Issued | $0 | $0 |
Using the information above, please answer the following questions:
1. Explain why the balance in Common Stock, stated value $1 per share is so small in relation to the balance in the Additional paid-in capital account. 2. What percentage of the companys total assets was financed through retained earnings as of June 30, 2015?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started