Question
d) Is this firm well-diversified with their arrangement of capital? That is, are they well diversified with different sources of capital? Balance Sheet (in millions)
d) Is this firm well-diversified with their arrangement of capital? That is, are they well
diversified with different sources of capital?
Balance Sheet (in millions)
2012 2013 2014
Assets
Cash 30 10 473
Marketable securities 100 100 0
Accounts Receivable 920 150 800
Inventory 710 178 450
Plant, Building, and Equipments (net) 1872 2802 1209
Investments in affiliates 0 30 329
Total Assets 3632 3270 3261
Liabilities
Short-term debts 507 9 30
Advances from customers 111 34 134
Accounts payable 685 192 771
Interest payable 75 98 62
Tax payable 127 147 128
Other Accrued Expenses 20 15 35
Bonds payable 925 1486 750
Stockholders' Equity
Common stock 1021 1055 1175
Additional paid-in capital 74 156 47
Retained earning 87 78 129
Total liabilities and equities 3632 3270 3261
Income Statement(in millions)
2012 2013 2014
Net Sales 3296 3418 3983
Cost of Goods Sold 2115 1979 2510
Selling and General Expenses 700 812 759
Depreciation Expense 160 298 284
Interest Expense 90 109 121
Income Tax Expense 195 137 254
Net Income 36 83 55
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