Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Jacksonville Medical Corporation financial statements follow: (Click the icon to view the consolidated balance sheets.) consolidated income statements.) Jacksonville Medical's current ratio at year-end

The Jacksonville Medical Corporation financial statements follow: (Click the icon to view the consolidated balance sheets.) consolidated income statements.) Jacksonville Medical's current ratio at year-end 2021 is closest to W 4 (Click the icon to view the
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The Jacksonville Medical Corporation financial statements follow: (Click the icon to view the consolidated balance sheets.) (Click the icon to view the consolidated income statements.) Jacksonville Medical's current ratio at year-end 2021 is closest to current assets Cash and cash equivalents Short-term investments Accounts and notes receivable Prepaid expense and other current assets Total current assets \begin{tabular}{rrr} \hline & 8,780 \\ 10,705 & 948 \\ 1,575 & 5,325 \\ 6,513 & 160 \\ 204 & 15,213 \\ \hline$ & 18,997 & $ \\ \hline \hline \end{tabular} Total assets Data table Current Iiabiities Accounts payable Accrued and other liabilities Total current liabilities Long-term debt Other non-current liabilities \begin{tabular}{rrr} $ & 7,711S & 6,002 \\ 3,665 & 3,044 \\ \hline 11,376 & 9,046 \\ 303 & 304 \\ 1,700 & 1,177 \\ \hline \end{tabular} Total liabilities 13.379 10,527 Stockholders' equity Preferred stock and capital in excess of $0.02 par value: shares issued and outstanding: none Common stock and capital in excess of $0.05 par value; shares authorized: 6,000 ; shares issued: 1,817 and 1,559, respectively Treasury stock, at cost; 184 and 126 shares, respectively Retained earnings 4,149 2,176 Other comprehensive loss (102) (45) Other (38) (48) Total stockholders' equity Tntal liahilities and stockhnlders' eruitu \begin{tabular}{rr} (38) & (48) \\ \hline 5,618 & 4,686 \\ \hline$ & 18,997 \\ \hline \end{tabular} Year ended December 31, \begin{tabular}{lcccc} (In Millions, Except per Share Amounts) & 2021 & 2020 & 2019 \\ \hline Net revenue & $ & 42,670$ & 35,299$ & 31,192 \\ Cost of goods sold & 35,168 & 29,160 & 25,494 \\ \hline Gross profit & & 7,502 & 6,139 & 5,698 \\ \hline \end{tabular} Operating expenses: Operating expenses: Selling, general, and administrative Research, development, and engineering Special charges Total operating expenses \begin{tabular}{rrr} 3,745 & 3,450 & 2,983 \\ 554 & 559 & 534 \\ - & & 500 \\ \hline 4,299 & 4,009 & 4,017 \\ \hline 3,203 & 2,130 & 1 R 291 \end{tabular} Investment and other income (loss), net Income before income taxes Income tax expense Net income Earnings per common share: Basic \begin{tabular}{rrrr} & 165 & 199 & (48) \\ \cline { 2 - 3 } & 3,368 & 2,329 & 1,633 \\ 1,130 & 970 & 485 \\ \hline & 2,238 & 1,359 & 1,148 \\ \hline$ & 1,46 & 0.92 \\ \hline \end{tabular}

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

Which kind of lens is used to make a magnifying glass?

Answered: 1 week ago