Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

my company is fluor i need help Instructions: For your selected and approved company, complete the following requirements. You may complete these in a separate

my company is fluor i need help
image text in transcribed
image text in transcribed
Instructions: For your selected and approved company, complete the following requirements. You may complete these in a separate document that is attached and/or copied into your response. For calculations, show inputs into the calculations as well as the results. For example, if I was calculating a Current Ratio, in my write up I would write: "Current Ratio = Current Assets / Current Liabilities. For 2022, $400,000,000/$200,000,000=2.0. For 2021,$350,000,000/$225,000,000=1.56." In a one or two paragraph reply to another student, compare your company's performance to the other student's. That other student needs to be working on a different company than you are. Chapter 4 1. What does the Report of Independent Registered Public Accounting Firm indicate about the company's internal controls? 2. In the summary of significant accounting policies, how does the company define cash equivalents? Chapter 5 1. For the most recent year, calculate the company's receivables turnover and days to collect ratios. Analyze the results of your calculations, given what you know about the company and the information provided in their financial statements (see Notes to the Financial Statements) 2. Does the company indicate in the balance sheet that it has an allowance for uncollectible accounts? If so, show the calculation of the net realizable amount of receivables (Net Receivables = Gross Receivables - Allowance for Uncollectible Accounts) Chapter 6 1. For the most recent year, what is the amount of inventory in the balance sheet? What does this amount represent? 2. For the most recent year, what is the amount of cost of goods sold in the income statement? What does this amount represent? If the company refers to its cost of goods sold using a different name, indicate the name used. 3. For the most recent year, calculate the inventory turnover and average days in inventory ratios. Analyze the results of your calculations, given what you know about the company and the information provided in their financial statements (see Notes to the Financial Statements) 4. For the three years presented, calculate the gross profit ratio. Do you notice any trends

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

Financial Development Institutions Growth And Poverty Reduction

Authors: Basudeb Guha Khasnobis, George Mavrotas

2008 Edition

0230201776, 978-0230201774

More Books

Students also viewed these Accounting questions

Question

How does autonomous consumption fit into the consumption equation?

Answered: 1 week ago

Question

9. Describe the characteristics of power.

Answered: 1 week ago