• I keep getting the wrong numbers, I would like a step-by-step to see where i am going wrong in my calculations

Medtronic PLC
Consolidated Balance Sheet
$ millions	April 26, 2019
Current assets
Cash and cash equivalents	$4,393
Investments	5,455
Accounts receivable, net	6,222
Inventories, net	3,753
Other current assets	986
Total current assets	20,809
Property, plant, and equipment, net	4,675
Goodwill	39,959
Other intangible assets, net	20,560
Tax assets	699
Other assets	1,014
Total assets	$87,716
Current liabilities
Current debt obligations	$838
Accounts payable	1,953
Accrued compensation	2,189
Accrued income taxes	567
Other accrued expenses	2,925
Total current liabilities	8,472
Long-term debt	24,486
Accrued compensation and retirement benefits	1,651
Accrued income taxes	2,838
Deferred tax liabilities	1,278
Other liabilities	348
Total liabilities	39,073
Shareholders equity
Ordinary shares	0
Additional paid-in capital	24,963
Retained earnings	26,270
Accumulated other comprehensive loss	(2,711)
Total shareholders equity	48,522
Noncontrolling interests	121
Total equity	48,643
Total liabilities and equity	$87,716

• Income Statement
• Balance Sheet

Use the following assumptions to prepare a forecast of the companys balance sheet for fiscal year 2020. Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with _two decimal places_. Note: Use negative signs with answers, when appropriate.

Balance sheet assumptions
Investments		No change
Accounts receivable, less allowance	20.4%	of net sales
Inventories, net	12.3%	of net sales
Other current assets	7%	of net sales
Goodwill		No change
Tax assets	5%	of net sales
Other assets	3.3%	of net sales
Accounts payable	6.4%	of net sales
Accrued compensation (current liability)	7.2%	of net sales
Accrued compensation and retirement benefits (noncurrent liability)		No change
Accrued income taxes (current liability)	1.9%	of net sales
Other accrued expenses	9.6%	of net sales
Accrued income taxes (noncurrent liability)	9.3%	of net sales
Deferred tax liabilities	4.2%	of net sales
Other liabilities	2.5%	of net sales
Ordinary shares		No change
Accumulated other comprehensive loss		No change
Net income attributable to noncontrolling interest	$19	million
Dividends in FY2020	$2,853	million
CAPEX in FY2019	$1,134	$million, forecast CAPEX at historic % of net sales
Depreciation expense in FY2020	$950	million
Amortization expense in FY2020	$1,914	million
Debt due in FY2020	$838	million
Debt due in FY2021	$2,058	million

	Medtronic PLC
	Consolidated Balance Sheet
	$ millions	2020
	Current assets
	Cash and cash equivalents	Answer
	Investments	Answer
	Accounts receivable, net	Answer
	Inventories, net	Answer
	Other current assets	Answer
	Total current assets	Answer
	Property, plant, and equipment, net	Answer
	Goodwill	Answer
	Other intangible assets, net	Answer
	Tax assets	Answer
	Other assets	Answer
	Total assets	Answer
	Current liabilities
	Current debt obligations	Answer
	Accounts payable	Answer
	Accrued compensation	Answer
	Accrued income taxes	Answer
	Other accrued expenses	Answer
	Total current liabilities	Answer
	Long-term debt	Answer
	Accrued compensation and retirement benefits	Answer
	Accrued income taxes	Answer
	Deferred tax liabilities	Answer
	Other liabilities	Answer
	Total liabilities	Answer
	Shareholders equity
	Ordinary shares	Answer
	Additional paid-in capital	Answer
	Retained earnings	Answer
	Accumulated other comprehensive loss	Answer
	Total shareholders equity	Answer
	Noncontrolling interests	Answer
	Total equity	Answer
	Total liabilities and equity	Answer