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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
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.
Medtronic PLC
Consolidated Statement of Income
$ millions, For Fiscal Year Ended April
Net sales $
Costs and expenses
Cost of products sold
Research and development expense
Selling, general, and administrative expense
Amortization of intangible assets
Restructuring charges, net
Certain litigation charges, net
Other operating expense, net
Operating profit
Other nonoperating income, net
Interest expense
Income before income taxes
Income tax provision
Net income
Net income loss attributable to noncontrolling interests
Net income attributable to Medtronic $
Medtronic PLC
Consolidated Balance Sheet
$ millions April
Current assets
Cash and cash equivalents $
Investments
Accounts receivable, net
Inventories, net
Other current assets
Total current assets
Property, plant, and equipment, net
Goodwill
Other intangible assets, net
Tax assets
Other assets
Total assets $
Current liabilities
Current debt obligations $
Accounts payable
Accrued compensation
Accrued income taxes
Other accrued expenses
Total current liabilities
Longterm debt
Accrued compensation and retirement benefits
Accrued income taxes
Deferred tax liabilities
Other liabilities
Total liabilities
Shareholders equity
Ordinary shares
Additional paidin capital
Retained earnings
Accumulated other comprehensive loss
Total shareholders equity
Noncontrolling interests
Total equity
Total liabilities and equity $
Income Statement
Balance Sheet
Use the following assumptions to prepare a forecast of the companys balance sheet for fiscal year
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.
Balance sheet assumptions
Investments No change
Accounts receivable, less allowance of net sales
Inventories, net of net sales
Other current assets of net sales
Goodwill No change
Tax assets of net sales
Other assets of net sales
Accounts payable of net sales
Accrued compensation current liability of net sales
Accrued compensation and retirement benefits noncurrent liability No change
Accrued income taxes current liability of net sales
Other accrued expenses of net sales
Accrued income taxes noncurrent liability of net sales
Deferred tax liabilities of net sales
Other liabilities of net sales
Ordinary shares No change
Accumulated other comprehensive loss No change
Net income attributable to noncontrolling interest $ million
Dividends in FY $ million
CAPEX in FY $ $million, forecast CAPEX at historic of net sales
Depreciation expense in FY $ million
Amortization expense in FY $ million
Debt due in FY $ million
Debt due in FY $ million
Medtronic PLC
Consolidated Balance Sheet
$ millions
Current assets
Cash and cash equivalents
Answer
Investments
Answer
Accounts receivable, net
Answer
Inventories, net
Answer
Other current assets
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Total current assets
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Property, plant, and equipment, net
Answer
Goodwill
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Other intangible assets, net
Answer
Tax assets
Answer
Other assets
Answer
Total assets
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Current liabilities
Current debt obligations
Answer
Accounts payable
Answer
Accrued compensation
Answer
Accrued income taxes
Answer
Other accrued expenses
Answer
Total current liabilities
Answer
Longterm debt
Answer
Accrued compensation and retirement benefits
Answer
Accrued income taxes
Answer
Deferred tax liabilities
Answer
Other liabilities
Answer
Total liabilities
Answer
Shareholders equity
Ordinary shares
Answer
Additional paidin capital
Answer
Retained earnings
Answer
Accumulated other comprehensive loss
Answer
Total shareholders equity
Answer
Noncontrolling interests
Answer
Total equity
Answer
Total liabilities and equity
Answer
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
