Question
For your initial post: ACG 2021 Chapter 9 Learning Objective 6 View before completing the discussion assignment Asset Turnover Ratio Chapter 11 Learning Obj 5
For your initial post:
ACG 2021 Chapter 9 Learning Objective 6 View before completing the discussion assignment
Asset Turnover Ratio
Chapter 11 Learning Obj 5 - View before completing discussion assignment
Times Interest Earned Ratio - JBL
Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.
To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]
Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:
What is the name of your company?
What is the web address that leads to your financial reports?
Why are you interested in this company?
Calculate the asset turnover ratio.
Calculate the times-interest-earned ratio.
What have you learned from this analysis?
After you have conducted your research, please share with the class approximately 1-2 paragraphs.
Use proper sentence structure and language.
In order to receive full credit you will need to make a Post ("Start a New Thread") and reply to at least two classmates by the Module due date.
Take a look at the Discussion Forum Grading Rubric in order to understand how you will be evaluated.
The goal of this assignment is to share with your peers "real-world" application of knowledge you have learned from this course.
- THIS IS NETFLIX I CHOSE!
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Statement [Abstract] | |||
Revenues | $ 11,692,713 | $ 8,830,669 | $ 6,779,511 |
Cost of revenues | 7,659,666 | 6,029,901 | 4,591,476 |
Marketing | 1,278,022 | 991,078 | 824,092 |
Technology and development | 1,052,778 | 852,098 | 650,788 |
General and administrative | 863,568 | 577,799 | 407,329 |
Operating income | 838,679 | 379,793 | 305,826 |
Other income (expense): | |||
Interest expense | (238,204) | (150,114) | (132,716) |
Interest and other income (expense) | (115,154) | 30,828 | (31,225) |
Income before income taxes | 485,321 | 260,507 | 141,885 |
Provision for (benefit from) income taxes | (73,608) | 73,829 | 19,244 |
Net income | $ 558,929 | $ 186,678 | $ 122,641 |
Earnings per share: | |||
Basic (in USD per share) | $ 1.29 | $ 0.44 | $ 0.29 |
Diluted (in USD per share) | $ 1.25 | $ 0.43 | $ 0.28 |
Weighted-average common shares outstanding: | |||
Basic (in shares) | 431,885 | 428,822 | 425,889 |
Diluted (in shares) | 446,814 | 438,652 | 436,456 |
Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 3,177 | $ 3,657 |
Notes and accounts receivable, less estimated doubtful amounts | 25,597 | 21,394 |
Inventories | ||
Crude oil, products and merchandise | 12,871 | 10,877 |
Materials and supplies | 4,121 | 4,203 |
Other current assets | 1,368 | 1,285 |
Total current assets | 47,134 | 41,416 |
Investments, advances and long-term receivables | 39,160 | 35,102 |
Property, plant and equipment, at cost, less accumulated depreciation and depletion | 252,630 | 244,224 |
Other assets, including intangibles, net | 9,767 | 9,572 |
Total assets | 348,691 | 330,314 |
Current liabilities | ||
Notes and loans payable | 17,930 | 13,830 |
Accounts payable and accrued liabilities | 36,796 | 31,193 |
Income taxes payable | 3,045 | 2,615 |
Total current liabilities | 57,771 | 47,638 |
Long-term debt | 24,406 | 28,932 |
Postretirement benefits reserves | 21,132 | 20,680 |
Deferred income tax liabilities | 26,893 | 34,041 |
Long-term obligations to equity companies | 4,774 | 5,124 |
Other long-term obligations | 19,215 | 20,069 |
Total liabilities | 154,191 | 156,484 |
Commitments and contingencies | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 14,656 | 12,157 |
Earnings reinvested | 414,540 | 407,831 |
Accumulated other comprehensive income | (16,262) | (22,239) |
Common stock held in treasury (3,780 million shares in 2017 and 3,871 million shares in 2016) | (225,246) | (230,424) |
ExxonMobil share of equity | 187,688 | 167,325 |
Noncontrolling interests | 6,812 | 6,505 |
Total equity | 194,500 | 173,830 |
Total liabilities and equity | $ 348,691 | $ 330,314 |
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