Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need to know numbers for Forecasted Balance Sheet for April 2020 (empty blue boxes). Forecast the Balance Sheet Y2019 ended April 26, 2019. begin{tabular}{|l|r|} hline
Need to know numbers for Forecasted Balance Sheet for April 2020 (empty blue boxes).
Forecast the Balance Sheet Y2019 ended April 26, 2019. \begin{tabular}{|l|r|} \hline Shareholders' equity & \\ \hline Ordinary shares & 0 \\ \hline Additional paid-in capital & 26,532 \\ \hline Retained earnings & 26,270 \\ \hline Accumulated other comprehensive loss & (2,711) \\ \hline Total shareholders' equity & 50,091 \\ \hline Noncontrolling interests & 121 \\ \hline Total equity & 50,212 \\ \hline Total liabilities and equity & $89,694 \\ \hline \end{tabular} Use the following assumptions to forecast the company's balance sheet for FY2020. \begin{tabular}{|l|l|} \hline Forecasted FY2020 net income & $4,927 million \\ \hline Forecasted FY2020 net sales & $33,002 million \\ \hline Investments & No change \\ \hline Accounts receivable, less allowance & 20.4% of net sales \\ \hline Inventories, net & 12.3% of net sales \\ \hline Other current assets & 79 of net sales \\ \hline Goodwill & No change \\ \hline Tax assets & 59 of net sales \\ \hline Other assets & 3.3% of net sales \\ \hline Accounts payable & 6.49 of net sales \\ \hline Accrued compensation (current liability) & 7.29 of net sales \\ \hline Accrued compensation and retirement benefits (noncurrent liability) & No change \\ \hline Accrued income taxes (current liability) & 1.99 of net sales \\ \hline Other accrued expenses & 9.6% of net sales \\ \hline Accrued income taxes (noncurrent liability) & 9.3% of net sales \\ \hline Deferred tax liabilities & 4.2% of net sales \\ \hline Other liabilities & 2.5% of net sales \\ \hline Ordinary shares & No change \\ \hline Accumulated other comprehensive loss & No change \\ \hline Net income attributable to noncontrolling interest & $19 million \\ \hline Dividends in FY2020 & $2,853 million \\ \hline CAPEX & 3.7% of net sales \\ \hline Depreciation expense in FY2020 & $950 million \\ \hline Amortization expense in FY2020 & $1,914 million \\ \hline Debt due in FY2020 & $838 million \\ \hline Debt due in FY2021 & $2,058 million \\ \hline \end{tabular}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