Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Looking at the balance sheets for the engineering company, calculate the Net Working Capital and Current Ratio for Fluor Corporation for 2016. FLUOR CORPORATION CONSOLIDATED

Looking at the balance sheets for the engineering company, calculate the Net Working Capital and Current Ratio for Fluor Corporation for 2016.

image text in transcribed

FLUOR CORPORATION CONSOLIDATED BALANCE SHEET December 31. 2016 December 31, in thousands, escept share and per share amounts) CURRENT ASSETS Cash and cash equivalents ($439942 and $289,991 relaled to variable interest entities VIES Marketable securities, current (548,155 and $70,176 related to VIEs) Accounts and notes receivable, met ($232,242 and $186833 related to VIEs) Contract work in progress ($124,677 and $178,826 related to VIEs) Other current assets (S24,017 and $27,362 related to VIEs) 1830,436 $1,949 886 197,092 203,024 1376,471 378,927 111,037 1537,289 5,610,270 otal current assets 5,105,400 PROPERTY PLANT AND EQUIPMENT Land 7.085 90,047 1364,231 157,104 2,244 34,213 252,615 Rarniture and fitures 2,139,414 1,122,191 43,644 1,938,417 1,046,077 Net property, plant and equipment ($53,728 and $70,247 related to VIEs) OTHER ASSETS 1,017,223 322 220,634 111,646 337,930 394,832 360,725 201,899 Deferred tases 454,109 348,487 370,151 Other ($24.248 and 524,141 related to VIES Total other assets 2.588,924 627,666 LIABILITIES AND EQUITY CURRENT LIABILITIES Trade accounts payable ($221,601 and $178,139 related to VIEs) Revoling credit facility and other horrowings Advance billings on contracts ($263,993 and $188,484 related to VIEs) Accrued salaries, wages and benefits (538,573 and $47,526 related to VIEs Other accrued liabilities ($32015 and $25,384 related t0 VIEs Total current liablsties 1,590,506 1,266,509 82243 63,774 34,649 644,857 754,037 245,214 2935,352 986,564 589,991 3816,029 LONG-TERM DERT DUE AFTER ONE YEAR NONCURRENT LIABILITIES CONTINGENCIES AND COMMITMENTS 1,517949 639,608 EQUITY -authorized 20,000,000 shares (S001 par value), none issued Common-authorized 375,000,000 shares

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

Fundamentals of Investments Valuation and Management

Authors: Bradford Jordan, Thomas Miller

7th edition

978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660

More Books

Students also viewed these Finance questions

Question

1. What is the equation for the profit (or loss) of a firm?

Answered: 1 week ago