Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following financial statement information for Microsoft. In addition to common-size financial statements, common base year financial statements are often used. Common base year

image text in transcribed

Given the following financial statement information for Microsoft. In addition to common-size financial statements, common base year financial statements are often used. Common base year statements are constructed by dividing the current year account value by the base year account value. Using the provide financial statements. Calculate the common base year value for total assets in FY2019 assuming a base year of FY2018. (Round to 4 decimals) Simplified Statements for MSFT Balance Sheet FY2018 FY2019 Income Statement FY2019 Cash 133,768 147,145 115,450 Sales Acct. Receivable 26,481 29,129 COGS 42,500 Inventory 2,662 2,928 38,000 Other Current Assets SGA 6,751 7,409 Depreciation Net Fixed Assets 15,000 89,186 103,910 EBIT 19,950 Total Assets 258,848 290,521 Interest Expense 3,550 Acct. Payable EBT 16,400 8,617 9,479 167,513 184,246 Taxes 3444 Long Term Debt 12,956 Common Stock Net Income 71,223 78,345 Retained Earnings 11,495 18,451 Dividends 6,000 Addition to Retained Earnings Total Liab. And Equity 258,848 290,521 6,956

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

Emerging Markets And The Global Economy A Handbook

Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen

1st Edition

0124115497, 978-0124115491

More Books

Students also viewed these Finance questions

Question

Describe the five elements of the listening process.

Answered: 1 week ago