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The company I chose was IBM. I am having trouble calculating question #3 in the bottom assignment. I looked up the information and the numbers
The company I chose was IBM. I am having trouble calculating question #3 in the bottom assignment. I looked up the information and the numbers are very strange.
Annual Income Statement (values in 000's) Period Ending Current Assets Cash and Cash Equivalents $7,826,000 Short-Term Investments Trend 12/31/2016 12/31/2015 12/31/2014 12/31/2013 $7,686,000 $8,476,000 $10,716,000 $701,000 $508,000 $0 $350,000 I $29,245,000 $28,554,000 $31,831,000 $33,487,000 $2,310,000 $4,488,000 Net Receivables Inventory $1,553,000 $ $1,551,000 $2,103,000 Other Current Assets I $4,564,000 $ $4,205,000 $4,967,000 Total Current Assets I $43,888,000 $42,504,000 $47,377,000$51,350,000 Annual Income Statement (values in 000's) Period Ending Current Assets Cash and Cash Equivalents $7,826,000 Short-Term Investments Trend 12/31/2016 12/31/2015 12/31/2014 12/31/2013 $7,686,000 $8,476,000 $10,716,000 $701,000 $508,000 $0 $350,000 I $29,245,000 $28,554,000 $31,831,000 $33,487,000 $2,310,000 $4,488,000 Net Receivables Inventory $1,553,000 $ $1,551,000 $2,103,000 Other Current Assets I $4,564,000 $ $4,205,000 $4,967,000 Total Current Assets I $43,888,000 $42,504,000 $47,377,000$51,350,000Step by Step Solution
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