Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged Manufacturing Consolidated Balance Sheets (dollars in thousands) ASSETS Current assets: December
Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged Manufacturing Consolidated Balance Sheets (dollars in thousands) ASSETS Current assets: December 31 2023 2023 Cash and cash equivalents $1,238,488 $676,413 Short-term investments 54,368 215,890 Accounts receivable, net of allowance for doubtful accounts 1,581,347 1,381,946 of $90,992 ($83,776 in 2022) Inventories Deferred tax assets 1,088,434 1,511,638 293,048 268,085 255,767 289,383 $4,511,452 $4,343,355 Other current assets Total current assets Property, plant, and equipment: Land and buildings Machinery and equipment Office furniture and equipment Leasehold improvements Accumulated depreciation and amortization Net property, plant, and equipment Other assets $484,592 $404,688 587,728 578,272 158,160 167,905 236,708 261,792 $1,467,188 $1,412,657 (785,088) (753,111) $682,100 $659,546 159,194 173,511
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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