Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

disregard Below is the statement of cash flow and partial balance sheet for OwlWorks for fiscal year 2017: Consolidated Statements of Cash Flows 2017 2016

image text in transcribed
image text in transcribed
disregard
Below is the statement of cash flow and partial balance sheet for OwlWorks for fiscal year 2017: Consolidated Statements of Cash Flows 2017 2016 2015 2334 5 2.737 $ 3.363 42 3.321 2.328 2.669 2.445 112 (192) 2.28 113 2,213 115 (322) (620) 123 422 (21) (340) 210 221 (168) 1100) 350) 1.307 450 6.10 74 947 5254 704 5.050 107 (millions) Operating activities Net earnings Earnings from discontinued operations net of tax Nefaring from continuing operations Adjustments to reconcile et caming to cash provided by operations Depreciation and amortization Share based compensation expense Deferred income Gain on a Loss on est extinguist Nancah (gains) /oses and other not Changes in operating accounts: Inventory Others Acounts payable Accrued and others Cash provided by operating activities-continuing operations Cash provided by coerating act de continued operations Gay provided by Operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and Proceeds from sale of businesses Cash paid for nousons.net of Other investments Cash required for provided by investing acting persone Caith provided by investing active continued operations Cashrequired for provided by LBS Financing activities Addition to long-term ett Reduction of long terdet Dividend paid Repurchase of stock Sophone Cashmoured for financing acties Not increase (decrease in Grand GAROOS Cash and that beginning of period Cash and cash equivalents at end of period Supplemental information Inrednot of inte compounded) Property and cared through cong 12.5331 01:45) 31 (1.547) 46 ment 1.875 (518) (55 3,075) 24 11:473) 2015) (1.473) SOB 730 12.10 (1.330 (1.046) 10 717 151 2512 1.571 2.641) 11.348) 0.700 (1.30 0.463) 300 LD ( 4,040 7.63 678 5 304 999 1.514 23 125 Consolidated Statements of Financial Position February 3, January 28 (millions, except footnotes) 2018 2017 Assets Cash and cash equivalents 2,643 S 2,512 Inventory 8,657 8,309 Other current assets 1.264 1.169 Total current assets 12.564 11,990 Property and equipment Land 6,095 6,106 Buildings and improvements 28,396 27.611 Fixtures and equipment 5,623 5,503 Computer hardware and software 2,645 2,651 Construction-in-progress 440 200 Accumulated depreciation (18,181) (17413) Property and equipment, net 25.018 24.658 Other noncurrent assets 1.417 783 Total assets 38,999 $ 37 431 In addition, OwlWorks disclosed that two of the new buildings purchased in 2018 for the total cost of $285 million were financed fully with a loan from JP Morgan Answer the following questions: 1. (5 points) What was the total amount owlWorks spent on (APEX for the year? 2. (5 points) What was the book value (NOT the net book value) of OwlWorks disposed PPE? 3. (5 points) What was the accumulated depreciation associated with the disposed PPE of OwlWorks? 4. (5 points) What was OwlWorks's gain/loss on the sale of its long-lived assets (ente ganasa positive and loss. as a negative number)? Below is the statement of cash flow and partial balance sheet for OwlWorks for fiscal year 2017: Consolidated Statements of Cash Flows 2017 2016 2015 2334 5 2.737 $ 3.363 42 3.321 2.328 2.669 2.445 112 (192) 2.28 113 2,213 115 (322) (620) 123 422 (21) (340) 210 221 (168) 1100) 350) 1.307 450 6.10 74 947 5254 704 5.050 107 (millions) Operating activities Net earnings Earnings from discontinued operations net of tax Nefaring from continuing operations Adjustments to reconcile et caming to cash provided by operations Depreciation and amortization Share based compensation expense Deferred income Gain on a Loss on est extinguist Nancah (gains) /oses and other not Changes in operating accounts: Inventory Others Acounts payable Accrued and others Cash provided by operating activities-continuing operations Cash provided by coerating act de continued operations Gay provided by Operations Investing activities Expenditures for property and equipment Proceeds from disposal of property and Proceeds from sale of businesses Cash paid for nousons.net of Other investments Cash required for provided by investing acting persone Caith provided by investing active continued operations Cashrequired for provided by LBS Financing activities Addition to long-term ett Reduction of long terdet Dividend paid Repurchase of stock Sophone Cashmoured for financing acties Not increase (decrease in Grand GAROOS Cash and that beginning of period Cash and cash equivalents at end of period Supplemental information Inrednot of inte compounded) Property and cared through cong 12.5331 01:45) 31 (1.547) 46 ment 1.875 (518) (55 3,075) 24 11:473) 2015) (1.473) SOB 730 12.10 (1.330 (1.046) 10 717 151 2512 1.571 2.641) 11.348) 0.700 (1.30 0.463) 300 LD ( 4,040 7.63 678 5 304 999 1.514 23 125 Consolidated Statements of Financial Position February 3, January 28 (millions, except footnotes) 2018 2017 Assets Cash and cash equivalents 2,643 S 2,512 Inventory 8,657 8,309 Other current assets 1.264 1.169 Total current assets 12.564 11,990 Property and equipment Land 6,095 6,106 Buildings and improvements 28,396 27.611 Fixtures and equipment 5,623 5,503 Computer hardware and software 2,645 2,651 Construction-in-progress 440 200 Accumulated depreciation (18,181) (17413) Property and equipment, net 25.018 24.658 Other noncurrent assets 1.417 783 Total assets 38,999 $ 37 431 In addition, OwlWorks disclosed that two of the new buildings purchased in 2018 for the total cost of $285 million were financed fully with a loan from JP Morgan Answer the following questions: 1. (5 points) What was the total amount owlWorks spent on (APEX for the year? 2. (5 points) What was the book value (NOT the net book value) of OwlWorks disposed PPE? 3. (5 points) What was the accumulated depreciation associated with the disposed PPE of OwlWorks? 4. (5 points) What was OwlWorks's gain/loss on the sale of its long-lived assets (ente ganasa positive and loss. as a negative number)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Impact Of Globalization On International Finance And Accounting

Authors: David Procházka

1st Edition

3319687611, 9783319687612

More Books

Students also viewed these Accounting questions