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The following is the balance sheet for Facebook, Inc. (in millions): Earnings before interest and taxes for Year 2 are $6,225, sales for Year 2
The following is the balance sheet for Facebook, Inc. (in millions):
Earnings before interest and taxes for Year 2 are $6,225, sales for Year 2 are $17,928 million, and the market value of Facebook at the end of Year 2 is $221 billion. Altman's Z-score is
Please show your calculations in the most simplified way possible!
Year 1 Year 2 Assets Current assets: Cash and cash equivalents Marketable securities Accounts receivable Prepaid expenses and other current assets Total current assets Property and equipment, net Intangible assets, net Goodwill Other assets Total assets $ 4,315 6,884 1,678 513 13,390 3,967 3,929 17,981 699 $39,966 $4,907 13,527 2,559 659 21,652 5,687 3,246 18,026 796 $49,407 $ $ Liabilities and stockholders' equity Current liabilities: Accounts payable Partners payable Accrued expenses and other current liabilities Deferred revenue and deposits Current portion of capital lease obligations Total current liabilities 176 202 866 196 217 1,449 66 56 114 1,424 7 1,925 107 119 2,327 3,870 3,157 5,189 Capital lease obligations, less current portion Other liabilities Total liabilities Commitments and contingencies Stockholders' equity: Common stock Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 30,225 34,886 (228) (455) 6,0999,787 36,096 44,218 $39,966 $49,407Step by Step Solution
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