Trying to calculate NOA based on the attached picture: Consolidated Statements Of Earnings$ millionsDec. 31, 2018Dec. 31, 2017 FROM PRIOR REVIEW (NOA) Operating assets Operating liabilities Net operating assets (NOA) ng noncontrolling interest..Less: Net income attributable to noncontrolling interest..7,5482,6791,637Net income attributable to 3M. . . .5,3634,8691411* Interest expense, gross is $350 milion in 2018 and $322 million in 2017.$ 5,349$ 4,8583M COMPANYConsolidated Balance SheetsAt December 31 ($ millions)Current assets20182017Cash and cash equivalents.Marketable securitiesAccounts receivable$ 2,853$ 3,0533801,076..Total inventories.Prepaids..Other current assets5,0204,9114,3664,034741937Total current assets.349266Property, plant and equipment, net.Goodwill. .Intangible assets-netOther assets.13,70914,2778,8668,73810,0512,65710,5132,9361,3951,345Total assets.$36,500$37,987Current liabilities$ 1,8531,945Short-term borrowings and current portion of long-term debt..Accounts payableAccrued payroll....Accrued income taxes.... $ 1,2112,2667498702433102,7752,709Other current liabilities7,6877,24413,4112,9873,010Total current liabilitiesLong-term debt....Pension and postretirement benefits . ..12,0963,6202,962Other liabilities26,36526,652Total liabilities.continued00€2000 ideopod 3Phvacy Shuon Webcalodule 4 Analyzing and Interpreting Financial StatementsO Cambridgcontinued from previous page3M COMPANYConsolidated Balance Sheets20182017At December 31 ($ millions)3M Company shareholders' equityCommon stock par value . ..Additional paid-in capital....Retained earnings .. ..Treasury stock ....Accumulated other comprehensive income (loss)5,6435,35239,115(25,887)(7,026)40,636(29,626)(6,866)Total 3M Company shareholders' equityNoncontrolling interest. ..Total equity....9,79611,563.... ...5259...9,84811,622Total liabilities and equity . ..... ... $36,500$37,987Requiredz. Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal andstate statutory tax rate is 22%.

Operating activities are those in which the company’s real operations are affected. It include all…

3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII

3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Profitability ratios The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014: December31 2016 2015 2014 Total assets......................................... 4,800,000 4,400,000 4,000,000 Notes payable (8% interest)........................... 2,250,000 2,250,000 2,250,000 Common stock...................................... 250,000 250,000 250,000 Preferred 4% stock, 100 par (no change during year)........................... 500,000 500,000 500,000 Retained earnings................................... 1,574,000 1,222,000 750,000 The 2016 net income was 372,000, and the 2015 net income was 492,000. No dividends on common stock were declared between 2014 and 2016. a. Determine the rate earned on total assets, the rate earned on stockholders equity, and the rate earned on common Stockholders equity for the years 2015 and 2016. Round to one decimal place. b. What conclusions can be drawn from these data as to the companys profitability?
Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilities
For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…
Given : Total Assets :120.000,Long Term Liabilities : 20.000,Current Assets :80.000, and,Current Liabilities : 60.000Net Profits : 24.000Choose the incorrect Answera) Total Liabilities / Total Sources : 0,67b) Total Debt / Equity :1c) Current Ratio: 1,33d) Return on assets : 0,20
2. Ehrlich Company reported the following information for 2021: Sales revenue $2,500,000 Cost of goods sold 1,750,000 Operating expenses 275,000 Unrealized holding loss on available-for-sale debt securities 85,000 Interest revenue 10,000 Prepare the Comprehensive Income Statement for Ehrlich Company for the year ended 12/31/21.
DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 49 $ 24 Accounts receivable 46 53 Less: Allowance for uncollectible accounts (3 ) (2 ) Dividends receivable 3 2 Inventory 65 60 Long-term investment 21 18 Land 85 60 Buildings and equipment 273 290 Less: Accumulated depreciation (70 ) (90 ) $ 469 $ 415 Liabilities Accounts payable $ 35 $ 43 Salaries payable 3 7 Interest payable 7 2 Income tax payable 8 9 Notes payable 25 0 Bonds payable 115 90 Less: Discount on bonds (4 ) (5 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 54 49 Less: Treasury stock (8 ) 0…
Stiller Corporation Comparative Balance Sheet (2018-2019) in USD# TEXT 2019 20181 Cash $157,000 $78,0002 Accounts Receivable 180,000 185,0003 Investments 52,000 74,0004 Equipment 298,000 240,0005 Less Accumulated depreciation (106,000) (89,000)6 Current liabilities 134,000 151,0007 Common Stock 160,000 160,0008 Retained Earnings 287,000 177,000Additional information:Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold;cash dividends paid were $50,000; and net income was $160,000.a. Prepare a statement of cash flows for 2019 for Stiller Corporation.b. Calculate the company’s free cash flow.c. Assuming the 2019 cash flows grow at the rates of 20%, 18%, 15% in 2020, 2021,and 2022 respectively, and then stabilizes at 10% calculate the current value ofStiller Corporation. Assume the company’s weighted average cost of capital is 12%.
Para el año que culmina el 30 de junio de 2018, Northern Air Cooling Corporation tiene: Total assets = $87,631,181 ROA = 11.67 % ROE = 21.19 % Net profit margin = 11.59 % Determina lo siguiente Net income: _____________ Sales: _____________ Debt-to-equity ratio: _____________
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)

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Consolidated Statements Of Earnings
$ millions	Dec. 31, 2018	Dec. 31, 2017

FROM PRIOR REVIEW (NOA)
Operating assets
Operating liabilities
Net operating assets (NOA)