Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. Revenue 7,481 Cost of revenue 5,370 Product development 714 Marketing and
Following are the income statement and balance sheet of Seagate Technology for fiscal 2019.
Revenue | 7,481 |
Cost of revenue | 5,370 |
Product development | 714 |
Marketing and administrative | 326 |
Amortization of intangibles | 17 |
Restructuring and other, net | (16) |
Total operating expenses | 6,411 |
Income from operations | 1,070 |
Interest income | 60 |
Interest expense | (161) |
Other, net | 18 |
Other expenses, net | (83) |
Income before income taxes | 987 |
(Benefit) provision for income taxes | (461) |
Net income | 1,448 |
SEAGATE TECHNOLOGY PLC Consolidated Balance SheetConsolidated Balance Sheet$ millions
Current assets | June 28, 2019 |
Cash and cash equivalents | 1,598 |
ccounts receivable, net | 712 |
nventories | 698 |
Other current assets | 132 |
Total current assets | 3,140 |
Property, equipment and leasehold improvements, net | 1,346 |
Goodwill | 891 |
Other intangible assets, net | 80 |
Deferred income taxes | 802 |
other assets, net | 138 |
Total assets | 6,397 |
Current liabilities | |
Accounts payable | 1,022 |
Accrued employee compensation | 122 |
Accrued warranty | 66 |
Accrued expenses | 397 |
Total current liabilities | 1,607 |
Long-term accrued warranty | 75 |
Long-term accrued income taxes . | 3 |
Other noncurrent liabilities | 94 |
Long-term debt, less current portion | 3,062 |
Total liabilities | 4,841 |
Shareholders equity | |
Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,340,697,595 and | |
1,354,218,154 shares issued and outstanding, respectively | 0 |
Additional paid-in capital | 4,721 |
Accumulated other comprehensive loss | (34) |
Accumulated deficit | (3,131) |
Total shareholders' equity | 1,556 |
Total liabilities and shareholders' equity | 6,397 |
I will rate you, thanks ^ ^
Forecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with _two decimal places. Note: Use negative signs with answers, when appropriate. SEAGATE TECHNOLOGY PLC Consolidated Balance Sheet Consolidated Balance Sheet \$ millions June 2020 Current assets
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