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how would I calculated this given these 3 finacial statments? Use the financial statements for Corporation X, Inc. to answer the following question. Use the
how would I calculated this given these 3 finacial statments?
Use the financial statements for Corporation X, Inc. to answer the following question. Use the Inventory account to calculate the amount of inventory purchases during the year ended December 31, 2016: $24,818 $16,144 $16,534 $20,841 $16.924 Company X, Inc. Consolidated Balance Sheets As of December 31 2015 2016 5 In millions ASSETS Current assets Cash and equivalents Short-term investments Accounts receivable, nel Inventories Deferred income taxes 2.220 2.900 3.434 3.947 2.52 2.072 3.358 4,337 389 1.96 15976 3,011 281 131 81B 13.600 2.834 282 131 1,651 2. 201 $ 21,600 $ 18.594 7 $ $ Prepaid expenses and other current sets Total current assets Property, plant and equipment, net Identifiable intangible assets, net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debl Dividends payable Accounts payable Accrued liabilities accused 2014 Income taxes payable Total current liabilities Long-term debit Deferred income taxes and other liabilities Total liabilities 107 26 2179 3.951 71 6,334 1,079 1.480 8,893 2,097 2.491 432 5,027 1,199 1544 7.770 3 3 Shareholders' equity Common stock at stated value 1 200 shares authorized --- 679 (2016 and 2015) shares issued Capital in excess of stated value Retained earnings Treasury stock Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 8,019 11,521 16,836) 12,707 5 21,600 5.950 9,173 (4302) 10,824 18,594 $ 2014 npany X, Inc. Consolidated Statements of Cash Flows YED 2010 2472 5 2. Tovided by operation sta charges are not ang 4 72 60 101 44 ) 0216) 121) (144) 1234 142 02:10 2) 22 30 2:10) 3643 46 (386) 4.133) 1.663 1330 2. 1.125 14.9%) 3.655 2.216 (150) (963) 3 (500) 14 ed income taxes based compensation tation and foreign currency adjustments ainon diverse anges in certain working can tal como en andere decrease accounts Frase) in inventories Crea) prepaid expenses and other current met an accounts payati, con sede as part Movided by creations sh used by Investing activities urchases of short-term investments turies of short-term strants Bales of short term investment nvestments in reverse repurchase agreements Additions to property, plant and equipment Diposals of property.plans and equipment Proceeds from divestres (Increase in other assets rot of others Cash used by investing Cash used by financing activities: Net proceeds from long-term debitissance Long-term debit payments, including current portion (Decrease) increase in roles payable Payments on capital lease obligations Proceeds from exercise of stock options and other stock insane Excess tax benefits from share-based payment arrangements Repurchase of common stock Owidends on and red Cash used by financing activities 20 ) 0200 (5) (60) (49) 10 75 (7) 3) (19) 514 218 12.584) (17) 363 132 2.628) 313 72 (1.674 203) (104) 799 1,013 (2,780) (83) 1,632 2220 3.ASZ 2.914) 19 (1.117) 3.337 2.220 2254 3.33% $ $ 8 $ 53 702 137 53 $ 1.262 206 296 167 Elfect of exchange rate changes on cash and equivalente Net increase (decrease in cash and equivalents Cash and equivalents beginning of year CASH AND EQUIVALENTS, END OF YEAR Supplemental disclosure of cash flow Information: Cash paid during the year for Interest, net of capitalized interest Income taxes Non-cash addition to property, plant and equipment Co. X, Inc. Consolidated Statements of Income 25515 3 1 tons except per har Income from continuing operations Reven Costs and expenses Cost of a Selling expen Administrative pense Total selling and additive expere Interest expense (income.net Other (income) expense, nel 100 3213 66 2.145 101 7.75 (15) 100 3544 4205 NO 2,451 Income before income Les income tax expense NET INCOME FROM CONTINUING OPERATIONS NETINCOME FROM DISCONTINUED OPERATIONS NET INCOME 2.000 2.273 24T2 3 2.699 2.74 $ 3.80 $ 5 0.81 10B 0.99 $ Camings per common share Dividends declared per common share Step by Step Solution
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