Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following assumptions to forecast the companys balance sheet for FY2017. ended April 29, 2016, Apr. 29, 2016 LO3 MI1-16 Forecast the Balance Sheet
Use the following assumptions to forecast the companys balance sheet for FY2017. ended April 29, 2016, Apr. 29, 2016 LO3 MI1-16 Forecast the Balance Sheet Folowing is the bulance sheet for Medtronie PLC for the $ 2,876 9,758 5,562 3,473 697 1.234 Cash and cash equivalents Tax assets Prepaid expenses and other current assets.. Total current assets 23,600 4,841 41,500 26,899 1,383 1,559 Long-term tax assets.... Other assets Other intangible assets, net . $99782 $107 $ 993 1,709 1,712 566 Current Nabilities Short-term borrowings 1810 1,811 935 119 2,464 Accounts payable. Accrued compensation 2,185 Other accrued expenses Total current Nabilities. Long-term debt Long-term accrued compensation and retirement benefits Long-term accrued income taxes Long-term deferred tax liabilities. 7,165 30,247 1,759 2,903 3,729 1,916 9,173 33,752 1,535 2,476 4,700 1,819 Other long-term liabilities.... 47,719 53,455 Shareholders' equity Ordinary shares Retained earnings 53,931 ...(1,868) Total shareholders' equity Total liabilities and shareholders' equity. 54,414 (1,184) 53,230 $106,685 ....52,063 ended April 29, 2016, Apr. 29, 2016 LO3 MI1-16 Forecast the Balance Sheet Folowing is the bulance sheet for Medtronie PLC for the $ 2,876 9,758 5,562 3,473 697 1.234 Cash and cash equivalents Tax assets Prepaid expenses and other current assets.. Total current assets 23,600 4,841 41,500 26,899 1,383 1,559 Long-term tax assets.... Other assets Other intangible assets, net . $99782 $107 $ 993 1,709 1,712 566 Current Nabilities Short-term borrowings 1810 1,811 935 119 2,464 Accounts payable. Accrued compensation 2,185 Other accrued expenses Total current Nabilities. Long-term debt Long-term accrued compensation and retirement benefits Long-term accrued income taxes Long-term deferred tax liabilities. 7,165 30,247 1,759 2,903 3,729 1,916 9,173 33,752 1,535 2,476 4,700 1,819 Other long-term liabilities.... 47,719 53,455 Shareholders' equity Ordinary shares Retained earnings 53,931 ...(1,868) Total shareholders' equity Total liabilities and shareholders' equity. 54,414 (1,184) 53,230 $106,685 ....52,063
Use the following assumptions to forecast the companys balance sheet for FY2017.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started