Apply DuPont Disaggregation of ROE Selected balance sheet and income statement information for Facebook Inc. follows. $ millions Dec. 31, 2018 Dec. 31, 2017 Total assets $98,899 $86,089 Total liabilities 14,772 11,742 Sales 57,403 Net income 23,677

Apply DuPont Disaggregation of ROE Selected balance sheet and income statement information for Facebook Inc. follows. $ millions Dec. 31, 2018 Dec. 31, 2017 Total assets $98,899 $86,089 Total liabilities 14,772 11,742 Sales 57,403 Net income 23,677

Name: Apply DuPont Disaggregation of ROESelected balance sheet and income st
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Description: Apply DuPont Disaggregation of ROESelected balance sheet and income statement information for Facebook Inc. follows.$ millionsDec. 31, 2018Dec. 31, 2017Total assets$98,899$86,089Total liabilities14,77211,742Sales57,403 Net income23,677

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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$ millions	Dec. 31, 2018	Dec. 31, 2017
Total assets	$98,899	$86,089
Total liabilities	14,772	11,742
Sales	57,403
Net income	23,677

Similar questions

Apply DuPont Disaggregation of ROE Selected balance sheet and income statement information for Facebook Inc. follows. $ millions Dec. 31, 2018 Dec. 31, 2017 Total assets $98,899 $86,089 Total liabilities 14,772 11,742 Sales 57,403 Net income 23,677 a. Compute ROE and disaggregate the ratio into its DuPont components of ROA and financial leverage. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROE. Numerator Denominator ROE Answer Answer Answer Answer Note: 1. Select the appropriate numerator and denominator used to compute ROA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROA. Numerator Denominator ROA Answer Answer Answer Answer Note: 1. Select the appropriate numerator and denominator used to compute Financial Leverage from the…
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION2017 and 2018 Balance SheetsAssetsLiabilities and Owners' Equity 20172018 20172018 Current assets Current liabilities Cash$ 10,400 $ 10,450 Accounts payable$ 72,250 $ 62,750 Accounts receivable28,000 27,200 Notes payable47,000 47,750 Inventory63,900 63,100 Total $ 119,250 $ 110,500 Total $ 102,300 $ 100,750 Long-term debt$ 63,000 $ 64,700 Owners' equity Common stock and paid-in surplus$ 83,000 $ 83,000 Fixed assets Retained earnings 157,050 190,550 Net plant and equipment$ 320,000 $ 348,000 Total$ 240,050 $ 273,550 Total assets $ 422,300 $ 448,750 Total liabilities and owners' equity $ 422,300 $ 448,750 Based on the balance sheets given for Just Dew It, calculate the following financial…
The current sections of Martinez Corp.’s balance sheets at December 31, 2021 and 2022, are presented here. Martinez Corp.’s net income for 2022 was $241,300. Depreciation expense was $39,900. 2022 2021 Current assets Cash $58,900 $ 84,550 Accounts receivable 80,750 65,550 Inventory 74,100 58,900 Prepaid expenses 16,150 18,050 Total current assets $229,900 $227,050 Current liabilities Accrued expenses payable $ 5,700 $ 15,200 Accounts payable 83,600 68,400 Total current liabilities $89,300 $ 83,600
The current assets and liabilities sections of the comparative balance sheet of Wildhorse Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: WILDHORSE INC.Comparative Balance Sheet Accounts 2021 2020 Cash $72,270 $76,650 Accounts receivable 46,720 29,930 Inventory 23,725 33,580 Prepaid expenses 5,475 4,234 Accounts payable 31,390 26,280 Accrued expenses payable 3,650 5,840 Dividends payable 17,520 12,410 Income taxes payable 4,964 8,614 WILDHORSE INC.Income StatementYear Ended October 31, 2021 Sales $456,250 Cost of goods sold 284,700 Gross profit 171,550 Operating expenses $64,240 Depreciation expense 16,790 Loss on sale of equipment 5,840 86,870 Profit before income taxes 84,680 Income taxes 21,170 Profit $63,510 Prepare the…
The current assets and liabilities sections of the comparative balance sheet of Wildhorse Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: WILDHORSE INC.Comparative Balance Sheet Accounts 2021 2020 Cash $72,270 $76,650 Accounts receivable 46,720 29,930 Inventory 23,725 33,580 Prepaid expenses 5,475 4,234 Accounts payable 31,390 26,280 Accrued expenses payable 3,650 5,840 Dividends payable 17,520 12,410 Income taxes payable 4,964 8,614 WILDHORSE INC.Income StatementYear Ended October 31, 2021 Sales $456,250 Cost of goods sold 284,700 Gross profit 171,550 Operating expenses $64,240 Depreciation expense 16,790 Loss on sale of equipment 5,840 86,870 Profit before income taxes 84,680 Income taxes 21,170 Profit $63,510 Prepare the…
JUST DEW IT CORPORATION2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,150 $ 10,350 Accounts payable $ 74,500 $ 61,250 Accounts receivable 27,100 27,250 Notes payable 48,500 49,250 Inventory 62,900 63,500 Total $ 123,000 $ 110,500 Total $ 100,150 $ 101,100 Long-term debt $ 59,400 $ 64,900 Owners' equity Common stock and paid-in surplus $ 80,000 $ 80,000 Fixed assets Retained earnings 171,750 192,700 Net plant and equipment $ 334,000 $ 347,000 Total $ 251,750 $ 272,700 Total assets $ 434,150 $ 448,100 Total liabilities and owners' equity $ 434,150 $ 448,100 Based on the balance sheets given for Just Dew It, calculate the following…
NIKE, Inc. Consolidated Balance Sheets May 31,(In millions) 2016 2015ASSETSCurrent assets:Cash and equivalents $ 3,138 $ 3,852Short-term investments 2,319 2,072Accounts receivable, net 3,241 3,358Inventories 4,838 4,337Prepaid expenses and other current assets 1,489 1,968Total current assets 15,025 15,587Property, plant and equipment, net 3,520 3,011Identifiable intangible assets, net 281 281Goodwill 131 131Deferred income taxes and other assets 2,439 2,587TOTAL ASSETS $ 21,396 $ 21,597LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Current portion of long-term debt $ 44 $ 107Notes payable 1 74Accounts payable 2,191 2,131Accrued liabilities 3,037 3,949Income taxes payable 85 71Total current liabilities 5,358 6,332Long-term debt 2,010 1,079Deferred income taxes and other liabilities 1,770 1,479Commitments and contingenciesRedeemable preferred stock — —Shareholders’ equity:Common stock at stated value:Class A convertible — 353 and 355 shares outstanding — —Class B — 1,329 and…
NIKE, Inc. Consolidated Balance Sheets May 31,(In millions) 2016 2015ASSETSCurrent assets:Cash and equivalents $ 3,138 $ 3,852Short-term investments 2,319 2,072Accounts receivable, net 3,241 3,358Inventories 4,838 4,337Prepaid expenses and other current assets 1,489 1,968Total current assets 15,025 15,587Property, plant and equipment, net 3,520 3,011Identifiable intangible assets, net 281 281Goodwill 131 131Deferred income taxes and other assets 2,439 2,587TOTAL ASSETS $ 21,396 $ 21,597LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:Current portion of long-term debt $ 44 $ 107Notes payable 1 74Accounts payable 2,191 2,131Accrued liabilities 3,037 3,949Income taxes payable 85 71Total current liabilities 5,358 6,332Long-term debt 2,010 1,079Deferred income taxes and other liabilities 1,770 1,479Commitments and contingenciesRedeemable preferred stock — —Shareholders’ equity:Common stock at stated value:Class A convertible — 353 and 355 shares outstanding — —Class B — 1,329 and…
Need asap please and thank you. Cullumber Company provides you with the following balance sheet information as of December 31, 2017. Current assets $14,720 Current liabilities $15,360 Long-term assets 32,860 Long-term liabilities 16,860 Total assets $47,580 Stockholders’ equity 15,360 Total liabilities and stockholders’ equity $47,580 In addition, Cullumber reported net income for 2017 of $20,480, income tax expense of $3,904, and interest expense of $1,664. Compute the current ratio and working capital for Cullumber for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio enter current ratio rounded to 2 decimal places :1 Working capital $enter a dollar amount
Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,683 $38,573 Nonoperating assets 2,266 1,773 Total assets 42,949 40,346 Operating liabilities 15,043 13,552 Nonoperating liabilities 21,275 17,157 Total liabilities 36,318 30,709 Sales 89,234 Net operating profit before tax (NOPBT) 12,124 Nonoperting expense before tax 803 Tax expense 4,001 Net income 7,320 Round answers to two decimal places (ex: 0.12345 = 12.35%). a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 37%.Answer% b. Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA. Assume a statutory tax rate of 37%.NOPM Answer%NOAT Answer
Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ millions 2018 Revenue $53,325 Costs and expenses Cost of revenue 9,355 Research and development 10,273 Marketing and sales 7,846 General and administrative 3,451 Total costs and expenses 30,925 Income from operations 22,400 Interest and other income (expense), net 448 Income before provision for income taxes 22,848 Provision for income taxes 3,249 Net income $19,599 FACEBOOK INC. Consolidated Balance Sheet At December 31, $ millions 2018 2017 Current assets Cash and cash equivalents $10,019 $8,079 Marketable securities 31,095 33,632 Accounts receivable, net 7,246 5,832 Prepaid expenses and other current assets 1,779 1,020 Total current assets 50,139 48,563 Property and equipment, net 24,683 13,721 Intangible assets, net 1,294 1,884 Goodwill 18,301 18,221 Other…
asap The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 116 $ 95 Accounts receivable 136 140 Short-term investment 47 14 Inventory 137 135 Land 102 125 Buildings and equipment 695 530 Less: Accumulated depreciation (193 ) (140 ) $ 1,040 899 Liabilities Accounts payable $ 40 $ 48 Salaries payable 2 6 Interest payable 8 5 Income tax payable 5 10 Notes payable 0 33 Bonds payable 296 230 Shareholders’ Equity Common stock 390 330 Paid-in capital—excess of par 187 165…