Need help with this accounting homework assignment, thanks in advance!

1. What is IBM's current ratio on December 31, 2018? 2. What is IBM's acid-test or quick ratio on December 31, 2018? 3. What is IBM's Receivable Turnover for 2018? (NOTE: use the TRADE receivables only) 4. What is the number of days to collect accounts receivable for IBM for 2018? 5. What is IBM's inventory turnover for 2018? (NOTE--use TOTAL COST for Cost of Goods Sold) 6. What is IBM's days to sell inventory for 2018? 7. What is IBM's conversion period for 2018? 8. What is IBM's asset turnover for 2018? 9. What is IBM's profit margin on sales or return on sales for 2018? 10. What is IBM's return on assets for 2018? 11. What is IBM's cash return on sales for 2018?Get Chegg Stud... 12. What is IBM's return on TOTAL common stockholders' equity for 2018? Note: Use IBM'S Stockholders' Equity only 13. What is IBM's TOTAL basic (no dilution) earnings per share for 2018? 14. What is IBM's TOTAL earnings per share assuming dilution for 2018? 15. What is IBM's price to earnings ratio for 2018? (NOTE--use the TOTAL earnings per share assuming dilution and assume a stock price of $109.75) 16. What is IBM's payout ratio for 2018? (Note--cash dividends paid on common stock can be found on the Five-Year Comparison of Selected Data on Page 147 of the annual report--the third to last page in the .pdf IBM Financial Report 17. What is IBM's debt to total assets on December 31, 2018? 18. What is times interest earned for IBM for 2018?19. What is IBM's cash debt coverage for 2018? 20. How many shares of IBM common stock have been authorized as of December 31, 2018? 21. How many shares of IBM common stock have been issued as of December 31, 2018? 22. How many of the issued shares of IBM common stock are being held as treasury shares as of December 31, 2018? 23. How many shares of IBM common stock are outstanding as of December 31, 2018? 24. What is the par value of IBM's common stock? 25. What is IBM's book value per share outstanding on December 31, 2018? (NOTE: Use IBM's Stockholders' Equity--don't forget that financial statement dollar amounts are in millions of dollars) 26. What is IBM's comprehensive income for 2018 (in millions of dollars)? 27. Was the computation of comprehensive income for IBM shown 1-at the bottom of the income statement; 2-on a separate schedule reconciling net income to comprehensive income; or 3-on the expanded statement of equity? 28. Was IBM's cash flow statement prepared using the direct or indirect method?29. Which SPECIFIC investing or financing activity USED the most cash during 2018? 30. Which SPECIFIC investing or financing activity PROVIDED the most cash during 2018? 31. On the Statement of Financial Position (Balance Sheet) on December 31, 2018, what does the balance of the account "Noncontrolling Interest" represent? Use the information in the "Significant Accounting Policies" in the complete financial report to answer the questions 31 - 35. On the financials, the LETTER of the note giving further explanation of the account is given. 32. Are IBM's marketable DEBT securities accounted for as trading securities or available for sale securities? (Page 86 of the complete financial report) On which financial statement are the unrealized gains and losses on valuation of these debt securities reported? 33. IBM's Business Segments acquired 2 companies during the year. Name the two companies. (SEE NOTE C) What company does IBM expect to complete acquisition of in 2019?T... Get Chegg Stud... 34. What depreciation method does IBM use ? (SEE NOTE A) 35. IBM is organized into how many different business segments? Name two of them. (SEE NOTE U) 36. Who is IBM's auditor? What opinion did they issue for 2018? 37. Compute the PERCENT OF CHANGE from 2017 to 2018 in Total Liabilities, Total Assets, Total Revenue, and Net Income. Be sure to indicate whether the change is positive or negative 2018 2017 $ Change % of Change Total Liabilities Total Assets Total Revenues Net Income 38. Prepare a VERTICAL ANALYSIS or common-size income statement for 2018 for the following items only: Total Revenue, Total Cost, Gross Profit, Total Expense and Other Income, Income from Continuing Operations Before Income Taxes, Provision for Income Taxes, Income from Continuing Operatings, Loss from Discontinued Operations, and Net IncomeVertical Analysis Total Revenue 79,591 Total Cost 42,655 Gross profit 36,936 Total Expense and Other Income 25,594 Income from Cont Ops Before Taxes 11,342 Provision for Income Taxes 2,619 Income from Continuing Ops 8,723 Loss/Gain from Disc Operations 5 Net Income 8,728 39. Use the Five Year Comparison of Selected Financial Data on page 147 of the complete financial report (third to last page of the .pdf) Prepare a TREND analysis for Revenue and Net Income for 2014-2018 using 2014 as the base year. 2018 2017 2016 2015 2014 Revenue Trend Net Income Trend70 Consolidated Statement of Earnings International Business Machines Corporation and Subsidiary Companies ($ in millions except per share amounts) Notes 2018 2017 2016 For the year ended December 31: Revenue $50,709 $51,268 Services $51,350 26,641 26,715 26,942 Sales Financing 1,599 1,715 1,710 Total revenue O 79,591 79,139 79,919 Cost Services 34,059 33,811* 33,792* Sales 7,464 7,175* 6,566* Financing 1,132 1,210 1,044 Total cost 42,655 42,196* 41,403* Gross profit 36,936 36,943* 38, 516* Expense and other (income) Selling, general and administrative 19,366 19,680* 20,869* Research, development and engineering P 5 ,379 5, 590 * Intellectual property and custom development income 5,726* Other (income) and expense (1,026) (1,466) (1,631) 1,152 Interest expense 1,125* 593* D&J Total expense and other (income) 723 615 630 Income from continuing operations before income taxes 25,594 25,543* 26,186* Provision for income taxes 11,342 11,400 12,330 Income from continuing operations N 2,619 5,642 449 Income/(loss) from discontinued operations, net of tax 8,723 5,758 11,881 Net income 5 (5) (9 Earnings/(loss) per share of common stock $ 8,728 $ 5,753 $11,872Assuming dilution Continuing operations $ 9.51 $ 6.14 $ 12.39 Discontinued operations 0.01 0.00 (0.01) Total $ 9.52 $ 6.14 $ 12.38 Basic Continuing operations Q $ 9.56 $ 6.17 $ 12.44 Discontinued operations 0.01 0.00 (0.01) Total $ 9.57 $ 6.17 $ 12.43 Weighted-average number of common shares outstanding Assuming dilution 916,315,714 937,385,625 958,714,097 Basic 912,048,072 932,828,295 955,422,530 * Recast to reflect adoption of the FASB guidance on presentation of net periodic pension and nonpension postretirement benefit costs. Amounts may not add due to rounding. The accompanying notes on pages 76 through 146 are an integral part of the financial statements.71 Consolidated Statement of Comprehensive Income International Business Machines Corporation and Subsidiary Companies ($ in millions) For the year ended December 31: Notes 2018 2017 2016 Net income $ 8,728 $5,753 $11,872 Other comprehensive income/(loss), before tax Foreign currency translation adjustments (730) 152 (20) Net changes related to available-for-sale securities Unrealized gains/(losses) arising during the period (2) 1 (38) Reclassification of (gains)/losses to net income - 1 34 Total net changes related to available-for-sale securities (2) 2 (3) Unrealized gains/(losses) on cash flow hedges L Unrealized gains/(losses) arising during the period (136) (58) 243 Reclassification of (gains)/losses to net income 449 (363) 102 Total unrealized gains/(losses) on cash flow hedges 313 (421) 345 Retirement-related benefit plans L Prior service costs/(credits) (182) 0 Net (losses)/gains arising during the period Curtailments and settlements (2,517) 682 (2,490) 11 Amortization of prior service (credits)/costs 19 (16) Amortization of net (gains)/losses (73) (88) (107) Total retirement-related benefit plans 2,966 2,889 2,764 Other comprehensive income/(loss), before tax 204 3,502 150 L Income tax (expense)/benefit related to items (215) 3 ,235 472 of other comprehensive income Other comprehensive income/(loss) r (262) (429) L (263) Total comprehensive income (476) 2,806 209 Amounts may not add due to rounding. $ 8,252 $8,559 $12,08172 Consolidated Statement of Financial Position International Business Machines Corporation and Subsidiary Companies ($ in millions except per share amounts) At December 31: Notes 2018 2017 Assets Current assets Cash and cash equivalents $ 11,379 $ 11,972 Restricted cash 225 262* Marketable securities D 618 608 Notes and accounts receivable-trade (net of allowances of $309 in 2018 and $297 in 2017) 7,432- 8,928 Short-term financing receivables (net of allowances of $244 in 2018 and $261 in 2017) F 22,388 21, 721 Other accounts receivable (net of allowances of $38 in 2018 and $36 in 2017) 743 981 Inventories E 1,682 1,583 Deferred costs O 2,300 1,820** Prepaid expenses and other current assets 2,378 1,860* * * Total current assets 49,146 49,735 Property, plant and equipment G 32,460 32,331 Less: Accumulated depreciation G 21,668 21,215 Property, plant and equipment-net G 10,792 11,116 Long-term financing receivables (net of allowances of $48 in 2018 and $74 in 2017) F 9,148 9,550 Prepaid pension assets T 4,666 4,643 Deferred costs O 2,136* * Deferred taxes 2,676 N Goodwill 5,216 4,862 Intangible assets-net H 36,265 36, 788 Investments and sundry assets H 3,087 3,742 H Total assets 2,386 2,783** $ 123,382 $ 125,356Liabilities and equity Current liabilities N $ 3,046 $ 4,219 Taxes 10,207 6,987 Short-term debt D&J 6,451 Accounts payable 6,558 Compensation and benefits 3,310 3,644 Deferred income 11,165 11,552 Other accrued expenses and liabilities 3,941 4,510 Total current liabilities 38,227 37,363 Long-term debt D&J 35,605 39,837 Retirement and nonpension postretirement benefit obligations T 17,002 16,720 Deferred income 3,445 3,746 Other liabilities K 12,174 9,965 Total liabilities 106,452 107,631 Contingencies and commitments M Equity L IBM stockholders' equity Common stock, par value $.20 per share, and additional paid-in capital 55,151 Shares authorized: 4,687,500,000 54,566 Shares issued (2018-2,233,427,058; 2017-2,229,428,813) Retained earnings Treasury stock, at cost (shares: 2018-1,340,947,648; 2017-1,307,249,588) 159,206 153,126 Accumulated other comprehensive income/(loss) (168,071) (163,507) Total IBM stockholders' equity (29,490) (26, 592) Noncontrolling interests 16,796 17,594 Total equity A 134 131 Total liabilities and equity 16,929 17,725 * Recast to reflect adoption of the FASB guidance on restricted cash. $ 123,382 $ 125,356 * *Recast to conform to current period presentation. Amounts may not add due to rounding. The accompanying notes on pages 76 through 146 are an integral part of the financial statements.Consolidated Statement of Cash Flows International Business Machines Corporation and Subsidiary Companies ($ in millions) For the year ended December 31: 2018 2017 2016 Cash flows from operating activities Net income $ 8,728 $ 5,753 $11,872 Adjustments to reconcile net income to cash provided by operating activities Depreciation 3,127 3,021 2,837 Amortization of intangibles 1,353 1,520 1,544 Stock-based compensation 510 534 544 Deferred taxes 853 (931) (1,132) Net (gain)/loss on asset sales and other 123 14 62 Change in operating assets and liabilities, net of acquisitions/divestitures Receivables (including financing receivables) 1,006 1,297 712 Retirement related 1,368 1,014 54 Inventories (127) 18 (14) Other assets/other liabilities (1,819) 4,437 408 Accounts payable 126 47 197 Net cash provided by operating activities 15,247 16,724 17,084 Cash flows from investing activities Payments for property, plant and equipment (3,395) (3,229) (3, 567) Proceeds from disposition of property, plant and equipment 248 460 424 Investment in software (569) (544) (583) Purchases of marketable securities and other investments (7,041) (4,949)* (5,853)* Proceeds from disposition of marketable securities and other investments 6,487 Non-operating finance receivables-net 3,910 5,692 (503) (2,028) Acquisition of businesses, net of cash acquired (891) Divestiture of businesses, net of cash transferred (139) (496) (5,696)* (205) (454)Net cash used in investing activities (4,913) (7,081)* (10,928)* Cash flows from financing activities Proceeds from new debt 6,891 9,643 9,132 Payments to settle debt (8,533) (6,816) (6,395) Short-term borrowings/(repayments) less than 90 days-net 1,341 620 26 Common stock repurchases (4,443) (4,340) (3,502) Common stock repurchases for tax withholdings (171) (193) (126) Financing-other 111 175 204 Cash dividends paid (5,666) (5,506) (5,256) Net cash used in financing activities (10,469) (6,418) (5,917) Effect of exchange rate changes on cash, cash equivalents and restricted cash (495) 937 (51) Net change in cash, cash equivalents and restricted cash (630) 4,161* 188* Cash, cash equivalents and restricted cash at January 1 12,234 . 8,073* 7,885* Cash, cash equivalents and restricted cash at December 31 $ 11,604 $12,234* Supplemental data $ 8,073* Income taxes paid-net of refunds received $ 1,745 Interest paid on debt $ 1,597 $ 1,078 $ 1,423 $ 1,208 $ 1,158 * Recast to reflect adoption of the FASB guidance on restricted cash. Amounts may not add due to rounding. The accompanying notes on pages 76 through 146 are an integral part of the financial statements.PROJECT.. Consolidated Statement of Changes in Equity International Business Machines Corporation and Subsidiary Companies ($ in millions) Common Accumulated Total IBM Non- Stock and Other Total Additional Retained Treasury Comprehensive Stockholders' Controlling Equity Paid-In Capital Earnings Stock Income/(Loss) Equity Interests 2016 $53,262 $146,124 $(155,518) $(29,607) $14,262 $162 $14,424 Equity, January 1, 2016 Net income plus other comprehensive income/(loss) Net income 11,872 11,872 11,872 Other comprehensive income/(loss) 209 209 209 Total comprehensive income/(loss) $12,081 $12,081 Cash dividends paid- common stock ($5.50 per share) (5,256) (5,256) (5,256) Common stock issued under employee plans (3,893,366 shares) 695 695 695 Purchases (854,365 shares) and sales (383,077 shares) of treasury stock under employee plans-net 18 (77) (59) (59) Other treasury shares purchased, not retired (23,283,400 shares) (3,455) (3, 455) (3,455) Changes in other equity (22) 0 (22) (22) Changes in noncontrolling interests (16) Equity, December 31, 2016 (16) $53,935 $152,759 $(159,050) $(29,398) $18,246 $146 $18,392 Amounts may not add due to rounding. The accompanying notes on pages 76 through 146 are an integral part of the financial statements.($ in millions) Common Accumulated Stock and Other Total IBM Non- Additional Retained Treasury Comprehensive Stockholders' Controlling Total Paid-In Capital Earnings Stock Income/(Loss) Equity Interests Equity 2017 Equity, January 1, 2017 $53,935 $152,759 $(159,050) $(29,398) $18,246 $146 $18,392 Cumulative effect of change in accounting principle* 102 102 102 Net income plus other comprehensive income/(loss) Net income 5,753 5,753 5,753 Other comprehensive income/(loss) 2,806 2,806 2,806 Total comprehensive income/(loss) $ 8,559 $ 8,559 Cash dividends paid- common stock ($5.90 per share) (5,506) (5,506) (5,506) Common stock issued under employee plans (4,311,998 shares) 631 631 631 Purchases (1,226,080 shares) and sales (463,083 shares) of treasury stock under employee plans-net 18 (134) (116) (116) Other treasury shares purchased, not retired (27,237,179 shares) (4,323) (4,323) (4,323) Changes in other equity 0 0 0 Changes in noncontrolling interests (15) Equity, December 31, 2017 (15) $54,566 $153,126 $(163,507) $(26,592) $17,594 $131 $17,725 * Reflects the adoption of the FASB guidance on intra-entity transfers of assets. Amounts may not add due to rounding. The accompanying notes on pages 76 through 146 are an integral part of the financial statements.($ in millions) Common Accumulated Stock and Other Total IBM Non- Additional Retained Treasury Comprehensive Stockholders' Controlling Total Paid-In Capital Earnings Stock Income/(Loss) Equity Interests Equity 2018 Equity, January 1, 2018 $54,566 $153,126 $(163,507) $(26,592) $17,594 $131 $17,725 Cumulative effect of changes in accounting principle Revenue* 580 580 580 Stranded tax effects/other* 2,422 (2,422) Net income plus other comprehensive income/(loss) Net income 8,728 8,728 8,728 Other comprehensive income/(loss) (476) (476) (476) Total comprehensive income/(loss) $ 8,252 $ 8,252 Cash dividends paid- common stock ($6.21 per share) (5,666) (5,666) Common stock issued under (5,666) employee plans (3,998,245 shares) 585 Purchases (1,173,416 shares) 585 585 and sales (424,589 shares) of treasury stock under employee plans-net 15 (117) Other treasury shares purchased, (103) (103) not retired (32,949,233 shares) Changes in other equity (4,447) 0 (4,447) 0 (4,447) Changes in noncontrolling interests 0 0 Equity, December 31, 2018 $55,151 $159,206 $(168,071) 3 3 $(29,490) $16,796 * Reflects the adoption of FASB guidance. Refer to note B, "Accounting Changes." $134 $16,929 Amounts may not add due to rounding