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I am having difficulty completing this table. Any assistance would be appreciated! BOD CORPORATION Balance Sheets as of Decmeber 31, 2014 and 2015 (5 in
I am having difficulty completing this table. Any assistance would be appreciated!
BOD CORPORATION Balance Sheets as of Decmeber 31, 2014 and 2015 (5 in millions) 2014 2015 2015 $ 2014 Liabilities and Owners' Equity Current Liabilities Accounts Payable 275 Notes Payable 240 Total 515 Assets Current Assets Cash Accounts Receivable Inventory Total $ 145 525 440 1,110 180 600 480 $ 1,260 310 180 490 $ Fixed Assets Net Fixed Assets $ 1,530 $ 1,675 $ 375 $ 425 Long Term Debt Owners' Equity Common stock plus paid-in surplus Retained Earnings Total 650 1 100 $ 1.750 680 1,340 $ 2,020 Total Assets $ 2,640 Total liabilities and owners' equity $ 2,935 $ 2,640 $ 2.935 BOD CORPORATION 2015 Income Statement ($ in Millions) Opertaing and Cash Cycle Calculations (Use Average Inventory, Act. Rec, Act. Pay) Opertaing Cycle Inventory Turnover Inventory Period 0.88 Net Sales Cost of Goods Sold Depreciation EBIT Interest Paid Taxable income Taxes Net Income $ 1,610 835 55 720 80 640 0.72 Receivables Turnover Receivable Period 52 416 60 Operating Cycle Operating Cycle Dividends Addition to Retained Earnings 176 240 Cash Cycle Payables Turnover Payables Period Cash Cycle
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