Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the 2022 Zimmer Biomet Holdings Annual Report, answer the following questions related to Zimmer Biomet Holdings. 1. Where is the corporate headquarters of Zimmer

Using the 2022 Zimmer Biomet Holdings Annual Report, answer the following questions related to Zimmer Biomet Holdings.

1. Where is the corporate headquarters of Zimmer Biomet Holdings?

2. When is the fiscal year end of Zimmer Biomet Holdings?

3. What is Zimmer Biomet Holdings primary area of business?

4. Who (i.e., specific companies) are Zimmer Biomet Holdings major competitors?

5. What is the stock ticker symbol used to identify ZimmerBiomet Holdings common stock on the stock exchange?

6. What U.S. stock exchange is Zimmer Biomet Holdings traded?

7. The Securities and Exchange Commission (SEC) requires an annual financial statement audit for all companies, whose stock is publicly traded (i.e., traded on a stock exchange). The purpose of the audit report is to communicate the findings of the auditor to financial statement users.

a) Who is Zimmer Biomet Holdings 2022 auditor?

b) Does the auditor believe that Zimmer Biomet Holdings maintained effective internal control over financial reporting? Write the sentence from the report that supports your answer. (hint: read the report signed by the auditor).

c) Does the auditor believe that the financial statements of Zimmer Biomet Holdings were presented fairly? Write the sentence from the report that supports your answer.(hint: read the report signed by the auditor).

d) Briefly describe the responsibility by management with respect to internal controls. (hint: read the report signed by the auditor). Write the sentence/phrase from the report that supports your answer.

8. What method of depreciation is used by the company to depreciate its property, plant, and equipment?

9. What inventory valuation method is used to determine the cost of the companys inventory?

10. What is the largest source of cash (cash inflow) from financing activities in fiscal year 2022? (hint: one item, which is listed on the Statement of Cash Flows)

11. What is the largest use of cash (cash outflow) from investing activities in fiscal year 2022? (hint: one item, which is listed on the Statement of Cash Flows)

12. Describe one footnote (i.e., notes to the financial statements) that presents additional details about a recordeddollar amount in the current fiscal years financial statements (include the note number and page number on the document, not the pdf file page number).

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

Information Technology Auditing An Evolving Agenda

Authors: Jagdish Pathak

1st Edition

3642060579, 978-3642060571

More Books

Students also viewed these Accounting questions

Question

Show that if A is an orthogonal matrix, then A-1 is orthogonal?

Answered: 1 week ago

Question

When and how do children acquire gender identity?

Answered: 1 week ago