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

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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?