Answered step by step
Verified Expert Solution
Question
1 Approved Answer
December 31 2011 2010 ASSETS Current assets Cash and cash equivalents Short-term investments at cost which approximates market Accounts and notes receivable, less allowance: $128.3
December 31 2011 2010 ASSETS Current assets Cash and cash equivalents Short-term investments at cost which approximates market Accounts and notes receivable, less allowance: $128.3 in 2011 and $112.0 in 2010 Inventories Prepaid expenses, taxes, and other current assets Total current assets Investments in affiliates and other assets Property, plant, and equipment, net Intangible assets, net Total assets $ 1,888.5 1,588.5 $ 226.9 1,629.3 1,883.4 169.9 924.7 499.8 768.8 426.6 $4,842.3 1,707.9 7,442.0 6,959.0 $20,951.2 $ 5,164.1 1,756.6 8,855.6 7,929.5 $23,705.8 IABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Shortterm borrowin gs Accounts payable Income taxes payable Accrued compensation and benefits Accrued marketing Other current liabilities $ 2,191.2 $ 706.8 1,164.8 1,390.0 823.7 726.0 400.9 1,043.1 $ 6,574.9 7,442.6 1,342.0 621.1 638.9 327.0 1,099.0 $ 4,557.6 7,964.8 1,390.8 1,682.3 $15,595.5 Total current liabilities Longterm debt Other liabilities Deferred income taxes 2,007.6 $17,367.1 Total liabilities Stockholders' equity Capital stock, par value $1 per share: authorized 1,800.0 million shares, 14.4 million and 7.4 million shares issued at December 31, 2011 and 2010, respect ively Capital in excess of par value Retained earnings Other comprehensive income (loss) Less: Treasury stock, at cost: 64.3 shares in 2011 and 2010 Total stockholders' equity Total liabilities and stockholders' equity $ $ 14.4 7.4 879.5 6,541.9 (183.9) (913.2) $ 6,338.7 $23,705.8 674.6 5,439.7 (99.0) (667.0) $ 5,355.7 $20,951.2 .. Calculate the percentage that Corcoran's total assets increased by during 2011 (in percentage terms, rounded to one decimal place). %
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