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Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following

image text in transcribedimage text in transcribedimage text in transcribed Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. \begin{tabular}{|c|c|} \hline \begin{tabular}{c} Medtronic PLC \\ Consolidated Balance Sheet \end{tabular} & \begin{tabular}{l} April \\ 26 \\ 2019 \end{tabular} \\ \hline \multicolumn{2}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & $4,393 \\ \hline Investments & 5,455 \\ \hline Accounts recelvable, net & 6,222 \\ \hline Inventories, net & 3,753 \\ \hline Other current assets & 858 \\ \hline Total current assets & 20,681 \\ \hline Property, plant, and equipment, net & 4,675 \\ \hline Goodwill & 39,959 \\ \hline Other intanglble assets, net & 20,560 \\ \hline Tax assets & 608 \\ \hline Other assets & 1,014 \\ \hline Total assets & $87,497 \\ \hline \multicolumn{2}{|l|}{ Current liabilities } \\ \hline Current debt obligations & $838 \\ \hline Accounts payable & 1,953 \\ \hline Accrued compensation & 2,189 \\ \hline Accrued income taxes & 567 \\ \hline Other accrued expenses & 2,925 \\ \hline Total current llabilities & 8,472 \\ \hline Long-term debt & 24,486 \\ \hline Accrued compensation and retirement benefits & 1,651 \\ \hline Accrued income taxes & 2,838 \\ \hline Deferred tax liabilities & 1,278 \\ \hline Other llabilities & 303 \\ \hline Total liabilities & 39,028 \\ \hline \multicolumn{2}{|l|}{ Shareholders equity } \\ \hline Ordinary shares & 0 \\ \hline Additional paid-in capital & 24,789 \\ \hline Retained earnings & 26,270 \\ \hline Accumulated other comprehensive loss & (2,711) \\ \hline Total shareholders' equity & 48,348 \\ \hline Noncontrolling interests & 121 \\ \hline Total equity & 48,469 \\ \hline Total liabilities and equity & $87,497 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \begin{tabular}{c} Medtronic PLC \\ Consolidated Balance Sheet \\ \$ millilons \end{tabular} & 2020 \\ \hline Current assets & \\ \hline Cash and cash equivalents & $7,137.35x \\ \hline Investments & 5,455 \\ \hline Accounts recelvable, net & 6,732.32 \\ \hline Inventories, net & 4,059.19 \\ \hline Other current assets & 2,310.11 \\ \hline Total current assets & 25,693.97 \\ \hline Property, plant, and equipment, net & 4,949.72 \\ \hline Goodwill & 39,959 \\ \hline Other intangible assets, net & 18,646 \\ \hline Tax assets & 1,650.08 \\ \hline Other assets & 1,089.05 \\ \hline Total assets & $91,987.81x \\ \hline Current liabilities & \\ \hline Current debt obligations & 2,058 \\ \hline Accounts payable & 2,112.1 \\ \hline Accrued compensation & 627.03 \\ \hline Accrued income taxes & 3,168.15 \\ \hline Other accrued expenses & 3,168.15 \\ \hline Total current llabilities & 10,341.39 \\ \hline Long-term debt & 22,428 \\ \hline Accrued compensation and retirement benefits & 1,651 \\ \hline Accrued income taxes & 3,069.15 \\ \hline Deferred tax llabilities & 1,386.07 \\ \hline Other llabilities & 825.04 \\ \hline Total liabilities & 39,700.64 \\ \hline Shareholders equity & \\ \hline Ordinary shares & 0 \\ \hline Additional paid-In capital & 26,532 \\ \hline Retained earnings & 28,326.17 \\ \hline Accumulated other comprehensive loss & (2,711) \\ \hline Total shareholders' equity & 52,147.17 \\ \hline Noncontrolling interests & 140 \\ \hline Total equity & 52,287.17 \\ \hline Total llabilities and equity & $91,987.81x \\ \hline \end{tabular} Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. \begin{tabular}{|c|c|} \hline \begin{tabular}{c} Medtronic PLC \\ Consolidated Balance Sheet \end{tabular} & \begin{tabular}{l} April \\ 26 \\ 2019 \end{tabular} \\ \hline \multicolumn{2}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & $4,393 \\ \hline Investments & 5,455 \\ \hline Accounts recelvable, net & 6,222 \\ \hline Inventories, net & 3,753 \\ \hline Other current assets & 858 \\ \hline Total current assets & 20,681 \\ \hline Property, plant, and equipment, net & 4,675 \\ \hline Goodwill & 39,959 \\ \hline Other intanglble assets, net & 20,560 \\ \hline Tax assets & 608 \\ \hline Other assets & 1,014 \\ \hline Total assets & $87,497 \\ \hline \multicolumn{2}{|l|}{ Current liabilities } \\ \hline Current debt obligations & $838 \\ \hline Accounts payable & 1,953 \\ \hline Accrued compensation & 2,189 \\ \hline Accrued income taxes & 567 \\ \hline Other accrued expenses & 2,925 \\ \hline Total current llabilities & 8,472 \\ \hline Long-term debt & 24,486 \\ \hline Accrued compensation and retirement benefits & 1,651 \\ \hline Accrued income taxes & 2,838 \\ \hline Deferred tax liabilities & 1,278 \\ \hline Other llabilities & 303 \\ \hline Total liabilities & 39,028 \\ \hline \multicolumn{2}{|l|}{ Shareholders equity } \\ \hline Ordinary shares & 0 \\ \hline Additional paid-in capital & 24,789 \\ \hline Retained earnings & 26,270 \\ \hline Accumulated other comprehensive loss & (2,711) \\ \hline Total shareholders' equity & 48,348 \\ \hline Noncontrolling interests & 121 \\ \hline Total equity & 48,469 \\ \hline Total liabilities and equity & $87,497 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \begin{tabular}{c} Medtronic PLC \\ Consolidated Balance Sheet \\ \$ millilons \end{tabular} & 2020 \\ \hline Current assets & \\ \hline Cash and cash equivalents & $7,137.35x \\ \hline Investments & 5,455 \\ \hline Accounts recelvable, net & 6,732.32 \\ \hline Inventories, net & 4,059.19 \\ \hline Other current assets & 2,310.11 \\ \hline Total current assets & 25,693.97 \\ \hline Property, plant, and equipment, net & 4,949.72 \\ \hline Goodwill & 39,959 \\ \hline Other intangible assets, net & 18,646 \\ \hline Tax assets & 1,650.08 \\ \hline Other assets & 1,089.05 \\ \hline Total assets & $91,987.81x \\ \hline Current liabilities & \\ \hline Current debt obligations & 2,058 \\ \hline Accounts payable & 2,112.1 \\ \hline Accrued compensation & 627.03 \\ \hline Accrued income taxes & 3,168.15 \\ \hline Other accrued expenses & 3,168.15 \\ \hline Total current llabilities & 10,341.39 \\ \hline Long-term debt & 22,428 \\ \hline Accrued compensation and retirement benefits & 1,651 \\ \hline Accrued income taxes & 3,069.15 \\ \hline Deferred tax llabilities & 1,386.07 \\ \hline Other llabilities & 825.04 \\ \hline Total liabilities & 39,700.64 \\ \hline Shareholders equity & \\ \hline Ordinary shares & 0 \\ \hline Additional paid-In capital & 26,532 \\ \hline Retained earnings & 28,326.17 \\ \hline Accumulated other comprehensive loss & (2,711) \\ \hline Total shareholders' equity & 52,147.17 \\ \hline Noncontrolling interests & 140 \\ \hline Total equity & 52,287.17 \\ \hline Total llabilities and equity & $91,987.81x \\ \hline \end{tabular}

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