Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The financial statements of P&G Specimen Financial Statements: The Proctor & Gamble Company . The company's complete the annual report, including the notes to the
The financial statements of P&G Specimen Financial Statements: The Proctor & Gamble Company . The company's complete the annual report, including the notes to the financial statements, is available online.
INSTRUCTIONS
Refer to P&G's financial statements to answer the following questions.
- What alternative formats could P&G have adopted for its balance sheet? Which format did it adopt?
- Identify the various techniques of disclosure P&G might have used to disclose additional pertinent financial information. Which technique does it use in its financials?
- In what classifications are P&G's investments reported? What valuation basis does P&G use to report its investments? How much working capital did P&G have on June 30, 2017? On June 30, 2016?
- What were P&G's cash flows from its operating activities, investing, and financing activities for 2017? What were its trends in net cash provided by operating activities over the period 2015-2017? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities.
- Compute P&G's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. What do these ratios indicate about P&G's financial condition?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started