Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with: Compute ratios for the most recent two years, show values in computation: 1. Current Ratio 2. Accounts receivable turnover 3. Debt ration

Need help with:

Compute ratios for the most recent two years, show values in computation:

1. Current Ratio

2. Accounts receivable turnover

3. Debt ration

4. Debt-to-equity ration

5. Total asset turnover

Liabilities & Shareholders' Equity
All values USD Millions. 2022 2021
ST Debt & Current Portion LT Debt 1,577 2,427
Short Term Debt - 1,678
Current Portion of Long Term Debt - 750
Accounts Payable 4,465 4,823
Accounts Payable Growth -7.42% 80.48%
Income Tax Payable 181 82
Other Current Liabilities 4,245 3,471
Dividends Payable 312 316
Accrued Payroll 1,117 946
Miscellaneous Current Liabilities 2,817 2,210
Total Current Liabilities 10,468 10,804
Current Ratio 1.27 1.46
Quick Ratio 0.7 1.06
Cash Ratio 0.59 0.97
Long-Term Debt 10,930 13,076
Long-Term Debt excl. Capitalized Leases 3,355 5,333
Non-Convertible Debt 3,355 5,333
Capitalized Lease Obligations - -
Provision for Risks & Charges 991 1,002
Deferred Taxes -141 -90
Deferred Taxes - Credit 44 37
Deferred Taxes - Debit 185 127
Other Liabilities 25 62
Other Liabilities (excl. Deferred Income) 25 62
Total Liabilities 22,458 24,981
Total Liabilities / Total Assets 78.91% 81.07%
Common Equity (Total) 6,003 5,833
Common Stock Par/Carry Value 1,181 1,205
Additional Paid-In Capital/Capital Surplus - 261
Retained Earnings 5,509 4,974
Cumulative Translation Adjustment/Unrealized For. Exch. Gain -488 -442
Other Appropriated Reserves -199 -165
Common Equity / Total Assets 21.09% 18.93%
Total Shareholders' Equity 6,003 5,833
Total Shareholders' Equity / Total Assets 21.09% 18.93%
Total Equity 6,003 5,833
Liabilities & Shareholders' Equity 28,461 30,814

Fiscal year is February-January. All values USD Millions. 2022 2021
Cash & Short Term Investments 6,227 10,470
Cash Only 6,227 10,470
Cash & Short Term Investments Growth -40.53% 225.47%
Cash & ST Investments / Total Assets 21.88% 33.98%
Total Accounts Receivable 632 497
Accounts Receivables, Net 518 461
Accounts Receivables, Gross 518 461
Other Receivables - 36
Accounts Receivable Growth 27.09% 28.77%
Accounts Receivable Turnover 76.8 64.61
Inventories 5,962 4,337
Finished Goods 5,962 4,337
Other Current Assets 438 435
Miscellaneous Current Assets 438 435
Total Current Assets 13,259 15,739
Net Property, Plant & Equipment 14,125 14,026
Property, Plant & Equipment - Gross 21,290 20,753
Buildings 1,912 1,668
Other Property, Plant & Equipment 10,524 10,094
Accumulated Depreciation 7,165 6,727
Intangible Assets 220 224
Net Goodwill 97 99
Net Other Intangibles - 125
Other Assets 674 696
Tangible Other Assets 674 696
Total Assets 28,461 30,814
Assets - Total - Growth -7.63% 27.62%
Asset Turnover 1.64 -
Return On Average Assets 11.08% -

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

Government and Not-for-Profit Accounting Concepts and Practices

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, Daniel L. Smith

8th edition

1119495814, 1119495857, 1119495819, 9781119495819 , 978-1119495857

More Books

Students also viewed these Accounting questions