Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Forecast the Balance Sheet Following is the balance sheet for Medtronic PLC for the year ended April 2 9 , 2 0 1 6 .
Forecast the Balance Sheet Following is the balance sheet for Medtronic PLC for the year ended April Medtronic plc Consolidated Balance Sheets $ millions Apr. Apr. Current assets Cash and cash equivalents $ $ Investments Accounts receivable Inventories Tax assets Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net Goodwill Other intangible assets, net Longterm tax assets Other assets Total assets $ $ Current liabilities Shortterm borrowings $ $ Accounts payable Accrued compensation Accrued income taxes Deferred tax liabilities Other accrued expenses Total current liabilities Longterm debt Longterm accrued compensation Longterm accrued income taxes Longterm deferred tax liabilities Other longterm liabilities Total liabilities Shareholders equity Ordinary shares Retained earnings Accumulated other comprehensive loss Total shareholders equity Total liabilities and shareholders equity $ $ Use the following assumptions to forecast the companys balance sheet for FY Forecasted FY net income $ million Forecasted FY net sales $ million Accounts receivable of net sales Inventories of net sales Tax assets of net sales Prepaid expenses and other current assets of net sales Longterm tax assets of net sales Other assets of net sales Accounts payable of net sales Accrued compensation of net sales Accrued income taxes of net sales Other accrued expenses of net sales Longterm accrued income taxes of net sales Longterm deferred tax liabilities of net sales Other longterm liabilities of net sales Investments No change Goodwill No change Longterm accrued compensation and retirement benefits No change Ordinary shares No change Accumulated other comprehensive loss No change CAPEX of net sales Depreciation expense of prior year PPE, net Amortization expense in FY $ million Current maturities of debt due in FY $ million Current maturities of debt due in FY $ million Dividend payout ratio Round your answers to the nearest whole number. Use a negative sign with your Accumulated other comprehensive loss answer. Medtronic plc Forecasted Consolidated Balance Sheet $ millions EST. Current assets Cash and cash equivalents Answer Investments Answer Accounts receivable Answer Inventories Answer Tax assets Answer Prepaid expenses and other current assets Answer Total current assets Answer Property, plant, and equipment, net Answer Goodwill Answer Other intangible assets, net Answer Longterm tax assets Answer Other assets Answer Total assets Answer Current liabilities Shortterm borrowings Answer Accounts payable Answer Accrued compensation Answer Accrued income taxes Answer Other accrued expenses Answer Total current liabilities Answer Longterm debt Answer Longterm accrued compensation Answer Longterm accrued income taxes Answer Longterm deferred tax liabilities Answer Other longterm liabilities Answer Total liabilities Answer Shareholders equity Ordinary shares Retained earnings Answer Accumulated other comprehensive loss Answer Total shareholders equity Answer Total liabilities and shareholders equity Answer
Forecast the Balance Sheet
Following is the balance sheet for Medtronic PLC for the year ended April
Medtronic plc
Consolidated Balance Sheets
$ millions Apr. Apr.
Current assets
Cash and cash equivalents $ $
Investments
Accounts receivable
Inventories
Tax assets
Prepaid expenses and other current assets
Total current assets
Property, plant, and equipment, net
Goodwill
Other intangible assets, net
Longterm tax assets
Other assets
Total assets $ $
Current liabilities
Shortterm borrowings $ $
Accounts payable
Accrued compensation
Accrued income taxes
Deferred tax liabilities
Other accrued expenses
Total current liabilities
Longterm debt
Longterm accrued compensation
Longterm accrued income taxes
Longterm deferred tax liabilities
Other longterm liabilities
Total liabilities
Shareholders equity
Ordinary shares
Retained earnings
Accumulated other comprehensive loss
Total shareholders equity
Total liabilities and shareholders equity $ $
Use the following assumptions to forecast the companys balance sheet for FY
Forecasted FY net income $ million
Forecasted FY net sales $ million
Accounts receivable of net sales
Inventories of net sales
Tax assets of net sales
Prepaid expenses and other current assets of net sales
Longterm tax assets of net sales
Other assets of net sales
Accounts payable of net sales
Accrued compensation of net sales
Accrued income taxes of net sales
Other accrued expenses of net sales
Longterm accrued income taxes of net sales
Longterm deferred tax liabilities of net sales
Other longterm liabilities of net sales
Investments No change
Goodwill No change
Longterm accrued compensation and retirement benefits No change
Ordinary shares No change
Accumulated other comprehensive loss No change
CAPEX of net sales
Depreciation expense of prior year PPE, net
Amortization expense in FY $ million
Current maturities of debt due in FY $ million
Current maturities of debt due in FY $ million
Dividend payout ratio
Round your answers to the nearest whole number.
Use a negative sign with your Accumulated other comprehensive loss answer.
Medtronic plc
Forecasted Consolidated Balance Sheet
$ millions EST.
Current assets
Cash and cash equivalents Answer
Investments Answer
Accounts receivable Answer
Inventories Answer
Tax assets Answer
Prepaid expenses and other current assets Answer
Total current assets Answer
Property, plant, and equipment, net Answer
Goodwill Answer
Other intangible assets, net Answer
Longterm tax assets Answer
Other assets Answer
Total assets Answer
Current liabilities
Shortterm borrowings Answer
Accounts payable Answer
Accrued compensation Answer
Accrued income taxes Answer
Other accrued expenses Answer
Total current liabilities Answer
Longterm debt Answer
Longterm accrued compensation Answer
Longterm accrued income taxes Answer
Longterm deferred tax liabilities Answer
Other longterm liabilities Answer
Total liabilities Answer
Shareholders equity
Ordinary shares
Retained earnings Answer
Accumulated other comprehensive loss Answer
Total shareholders equity Answer
Total liabilities and shareholders equity Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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