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Please answer this ASAP. Thanks Following are the financial statements of Lockheed Martin Corporation for the year ended December 31, 2016. Prepare a forecasted income
Please answer this ASAP. Thanks
Following are the financial statements of Lockheed Martin Corporation for the year ended December 31, 2016. Prepare a forecasted income statement and balance sheet for the company for the next year LOCKHEED MARTIN CORPORATION Consolidated Balance Sheet At December 31 (In millions) Cash and equivalents Receivables, net Inventories, net Other current assets Assets of discontinued operations Total current assets Property, plant and equipment, net Goodwill Intangible assets, net Deferred income taxes Other noncurrent assets Assets of discontinued operations Total assets $1,837 8,202 4,670 399 2015 $1,090 7,254 4,819 441 969 15,108 5,549 10,764 4,093 6,625 5,667 14,573 5,389 10,695 4,022 6,068 5,396 3,161 49,304 47,806 1,653 6,776 1,764 Accounts payable Customer advances and amounts in excess of costs Salaries, benefits and payroll taxes Current portion of long-term debt Other current liabilities Liabilities of discontinued operations Total current liabilities Long-term debt, net Accrued pension liabilities Other postretirement benefit liabilities Other noncurrent liabilities Liabilities of discontinued operations Total liabilities 1,745 6,703 1,707 956 1,859 948 13.918 14,305 11,807 1,070 4,902 205 46,207 2,349 12,542 14,282 13,855 862 4,659 46,200 Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity Noncontrolling nterests in subsidiary Total equity Total liabilities and equity 289 13,324 12,102 303 14,238 11,444 3,097 1,606 $47,806 3,097 $49,304Step by Step Solution
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