Forecast the Balance Sheet Following is the balance sheet for Medtronic PLC for the year ended April
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Question:
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.
Required:
Medtronic plc
Forecasted Consolidated Balance Sheet
$ millions EST.
Current assets
Cash and cash equivalents
Prepaid expenses and other current assets
Accumulated other comprehensive loss
Total liabilities and shareholders equity
Prepare a statement of cash flows, using the indirect method of presenting cash flows from used for operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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