Help * Question Completion Status:(in thousands)Cash and equivalents2411,543Sales$ 3,216,807Receivables - net789,741COGS2,606,087Inventories net159,980Gross Profit610,720Operating Expenses:Research & DevelopmentSellingGeneral & AdministrativeOther current assets129,651Total current assets1,090,91551,50682,038150,027Property, Plant & Equip. at costless accumulated depreciation992,785283,571Total Operating ExpenseOperating Income (EBIT)Interest (net)(545,264)PP&E - net447,521327,149Goodwill1,163,186(99,592)Pension assets81,964Pretax227,557Other assets180,679Тахes73,271Total Assets$2,964,265Net Income154.286Company #2(in millions)Current assets:Sales7,477.7Cash729.4COGS1,772.0Accounts receivable (net)1468.7Gross Profit5,705.7Inventories:Operating Expenses:Research & DevelopmentSelling general & admin.Total Operating ExpenseOperating Income (EBIT)Interest (net)Finished goodsWork in process413.3974.4502.13,066.0Raw materials178.14,040.4Total inventories1093.51,665.3Prepaid expenses & other asset537.661.9Total current assets3829.2Pretax1,727.2Property, plant & equip. (net)Goodwill & other intangibles2632.5Тахes621.81357.4Net Income1,105.4Total assets7819.1 Company #3(in millions)2,680.9Operating revenuesOperating Expenses:Compensation & benefitsAssetsCurrent assets:835.7Cash176.462Contract services395.6Accounts receivable (net)700.4Prepaid expenses & other assetTotal current assetsSelling general & admin.Total Operating ExpenseOperating Income (EBIT)98.63371,096.06291.81,584.9Property, plant & equip. (net)Goodwill & other intangibles140.3Interest (net)28.1Total assets6769.1Pretax1,613.0Тахes580.7Net Income1,032.3Company #1 is a:A. Service Organizationv Company #2 is a:В.Merchandising Organization- v Company #3 is a:С.Manufacturing OrganizationQUESTION 4

Business: A business is an organization entirely made for earning profits or for fulfilling social…

Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) 700.4 Prepaid expenses & other asset 98.6 337 1,096.0 Total current assets 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 291.8 140.3 28.1 Total assets 6769.1 Pretax 1,613.0 Таxes 580.7 Net Income 1,032.3 A. Company #1 is a: Service Organization Company #2 is a: В. Merchandising Organization Company #3 is a: C. Manufacturing Organization

Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) 700.4 Prepaid expenses & other asset 98.6 337 1,096.0 Total current assets 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 291.8 140.3 28.1 Total assets 6769.1 Pretax 1,613.0 Таxes 580.7 Net Income 1,032.3 A. Company #1 is a: Service Organization Company #2 is a: В. Merchandising Organization Company #3 is a: C. Manufacturing Organization

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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