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please I need this please. thank you Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer
please I need this please. thank you
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for five recent years follow. Total (a) Compute the missing balance sheet amounts for each of the three years shown. Current Long-term Current Long-term Total Stockholders' (5 millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity 1999 $6,0665 $13,896 S $3,788 $7,607 $6.289 2000 6.379 8,143 4,754 3.237 6.531 2001 8.310 14,606 4509 4,011 8.520 b. Which of the following would be included amount 3M's current assets? Note: Next to each item, select yes or no to indicate whether the item is a current asset or not. Item Current Asset 1. Cash and cash equivalents 2. Properly plant & equipment 3. Inventory 4. Accounts payable 5. Marketable securities 6. Goodwill 7. Accrued expenses a. Prepaid expenses c. Which of the following would be included among 3M's long-term assets? Note: Next to each item, select yes or no to indicate whether the item is a long-term asset or not. Item Long-term Asset 1. Properly plant & equipment 2. Accounts payable 3. Intangible assets 4. Work in process 5. Goodwill 6. Accrued expenses 7. Prepaid expenses 8. Long-term notes payableStep by Step Solution
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