Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please use Microsoft's 2019 Annual Report. Then, calculate the Liquidity Ratios in the following format. Please show the work. Below is Microsoft's Annual Report for

Please use Microsoft's 2019 Annual Report. Then, calculate the Liquidity Ratios in the following format. Please show the work.

image text in transcribed

Below is Microsoft's Annual Report for 2019:

image text in transcribedimage text in transcribed

Liquidity Ratios Working capital Current ratio Inventory turnover Days in inventory Current assets - Current liabilities Current assets Current liabilities Cost of goods sold Average inventory 365 days Inventory turnover Net credit sales Average net accounts receivable 365 days Accounts receivable turnover Accounts receivable turnover Average collection period Selected Financial Data FINANCIAL HIGHLIGHTS (In millions, except per share amounts) 2019 (a) 2018 2017 (d)ce) 2016 (d) $ 110,360 $ 91,154 $ 125,843 82,933 $ 96,571 62,310 2015 $ 93,580 60,542 18,161 (h) 72,007 58,374 42,959 35,058 29,025 (6) 25,489 (9 26,078 (9) 20,539 (9) Year Ended June 30, Revenue Gross margin Operating income Net income Diluted earnings per share Cash dividends declared per share Cash, cash equivalents, and short-term investments Total assets Long-term obligations Stockholders' equity 39,240 (b) 5.06 (b) 16,571 (c) 2.13 (c) 12,193 (h) 1.48 (h) 3.25 0 2.56 (9) 1.84 1.68 1.56 1.44 1.24 133,768 113,240 96,526 133,819 286,556 258,848 202,897 174,303 132,981 250,312 106,856 87,711 114,806 102,330 117,642 82,718 66,705 83,090 44,574 80,083 (In millions) Shares Amount Shares Amount Shares Amount 2019 2018 22 $ 63 $ 24 $ 57 22 59 Year Ended June 30, First Quarter Second Quarter Third Quarter Fourth Quarter Total 2,600 6,100 3,899 4,200 2017 3,550 3,533 1,600 1,600 36 1,600 1,800 3,100 2,100 8,600 34 25 33 21 23 150 $ 16,799 99 $ 170 $ 10,283

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

Capex A Knowledge Based Expert System For Substantive Audit Planning

Authors: J. Efrim Boritz, Anthony K. P. Wensley

1st Edition

1558760563, 978-1558760561

More Books

Students also viewed these Accounting questions