Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20x5. (Round percentage answers to

Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20x5. (Round percentage answers to one decimal place.)

June 30, 20x5

(In millions)

Cash and cash equivalents

$ 584

Accounts and other receivables

182

Merchandise inventories

2,027

Prepaid expenses and other current assets

80

Total current assets

$2,873

Real estate, net

$2,342

Other, net

2,113

Total property and equipment

$4,455

Goodwill, net

$ 374

Other assets

651

Total assets

$8,353

Short-term borrowings

$ 278

Accounts payable

1,617

Accrued expenses and other current liabilities

836

Income taxes payable

107

Total current liabilities

$2,838

Long-term debt

$1,230

Deferred income taxes

362

Other liabilities

243

Total liabilities

$4,673

Common stock

$ 30

Additional paid-in capital

453

Retained earnings

4,757

Foreign currency translation adjustments

(137)

Treasury shares, at cost

(1,423)

Total stockholders' equity

$3,680

Total liabilities and stockholders' equity

$8,353

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 Managerial Accounting By Gleim Exam Questions And Explanations

Authors: Gleim

8th Edition

1581945663, 978-1581945669

More Books

Students also viewed these Accounting questions