Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

More Books

Students also viewed these Accounting questions

Question

What lessons in intervention design, does this case represent?

Answered: 1 week ago