Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells. begin{tabular}{l|r|r|} hline Miscellaneous financial information &
Madison Makeup reported the following on its most recent financial statements (in \$ millions). Fill in the highlighted cells. \begin{tabular}{l|r|r|} \hline Miscellaneous financial information & Amount \\ \hline Accounts payable & 60,091 \\ \hline Cash & ?? \\ \hline Operating current assets other than any listed in this table & 666,571 \\ \hline Short-term debt & 53,103 \\ \hline Inventory & 110,041 \\ \hline Noncurrent assets & 1,792,978 \\ \hline O & Nonoperating current assets other than any listed in this table & 433,769 \\ \hline & Accounts receivable & 1,363,845 \\ \hline & Current liabilities other than the any listed in this table & 161,984 \\ \hline 3 & Current portion of long-term debt & 281,483 \\ \hline 4 & Total liabilities & 4,839,539 \\ \hline 5 & Total equity & 125,046 \\ \hline \end{tabular} 7 What is the cash balance? 8 What is the level of net working capital? 9 What is the level of operating net working capital? Madison Makeup reported the following on its most recent financial statements (in \$ millions). Fill in the highlighted cells. \begin{tabular}{l|r|r|} \hline Miscellaneous financial information & Amount \\ \hline Accounts payable & 60,091 \\ \hline Cash & ?? \\ \hline Operating current assets other than any listed in this table & 666,571 \\ \hline Short-term debt & 53,103 \\ \hline Inventory & 110,041 \\ \hline Noncurrent assets & 1,792,978 \\ \hline O & Nonoperating current assets other than any listed in this table & 433,769 \\ \hline & Accounts receivable & 1,363,845 \\ \hline & Current liabilities other than the any listed in this table & 161,984 \\ \hline 3 & Current portion of long-term debt & 281,483 \\ \hline 4 & Total liabilities & 4,839,539 \\ \hline 5 & Total equity & 125,046 \\ \hline \end{tabular} 7 What is the cash balance? 8 What is the level of net working capital? 9 What is the level of operating net working capital
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started