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Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. Current Long-term Total Current Long-term Total Stockholders (5 millions) Assets Assets Assets Liabilities Liabilities Liabilities EL 2018 $13,709 $ 536.500 $ $19,408 $26.652 59.848 2017 14,277 23,710 7,687 18.678 11.622 2016 21,180 32.906 6.219 16.344 22.563 b. Which of the following would be included amount 3M's current assets? Note: Next to each item, select yes or no to indicate whether the item is a current asset or not. Item Current Asset 1. Cash and cash equivalents 2. Property plant & equipment . 3. Inventory 4. Accounts payable 5. Marketable securities 6. Goodwill 7. Accrued expenses 8. Prepaid expenses 4 c. Which of the following would be included among 3M's long-term assets? Note: Next to each item, select yes or no to indicate whether the item is a long-term asset or not. Item Long-term Asset 1. Property plant & equipment 2. Accounts payable 3. Intangible assets 4. Work in process 5. Goodwill 6. Accrued expenses 7. Prepaid expenses 8. Long-term notes payable
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