EXHIBIT 3.5Operating and Nonoperating Items in Boston Scientific's Balance SheetDecember 31, $ millions20182017Current assetsCash and cash equivalents. . .Trade accounts receivable, netInventories.Prepaid income taxes.Other current assets.$1,6081,166161146$1,5481,07866188921942Total current assets4,0021,7827,9113,822Property, plant and equipment, netGoodwill....1,697Other intangible assets, netOther long-term assets6,3729326,9985,837688Total assets$20,999$19,042Current liabilities$ 2,253$ 1,801Current debt obligationsAccounts payableAccrued expenses3495302,2462,456Other current liabilities.412867Total current liabilities5,2605,6543,815Long-term debt.Deferred income taxes4,8033281,882191Other long-term liabilitiesStockholders' equity2,370Calculate the financial leverage ratio for 2018

Name: EXHIBIT 3.5Operating and Nonoperating Items in Boston Scientific's Ba
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: EXHIBIT 3.5Operating and Nonoperating Items in Boston Scientific's Balance SheetDecember 31, $ millions20182017Current assetsCash and cash equivalents. . .Trade accounts receivable, netInventories.Prepaid income taxes.Other current assets.$1,6081,16

The financial ratios refer to the ratios that are calculated using the financial data from the…

Business

Finance

EXHIBIT 3.5 Operating and Nonoperating Items in Boston Scientific's Balance Sheet December 31, $ millions 2018 2017 Current assets Cash and cash equivalents. Trade accounts receivable, ne . Inventories. . . . .. Prepaid income taxes. Other current assets. %$4 146 %24 1,548 1,078 66 188 1.608 1,166 161 921 942 Total current assets 4,002 3,822 Property, plant and equipment, net Goodwill -..- Other intangible assets, net Other long-term assets 1,782 1,697 7,911 6,998 6,372 932 5,837 688 Total assets $20,999 $19,042 Current liabilities Current debt obligations Accounts payable Accrued expenses $ 2,253 $ 1,801 349 530 2,246 2,456 Other current liabilities. 412 867 5,654 3,815 Total current liabilities 5,260 Long-term debt Deferred income taxes. 4,803 328 191 Other long-term liabilities Stockholders' equity 1,882 2,370 Calculate the financial leverage ratio for 2018

EXHIBIT 3.5 Operating and Nonoperating Items in Boston Scientific's Balance Sheet December 31, $ millions 2018 2017 Current assets Cash and cash equivalents. Trade accounts receivable, ne . Inventories. . . . .. Prepaid income taxes. Other current assets. %$4 146 %24 1,548 1,078 66 188 1.608 1,166 161 921 942 Total current assets 4,002 3,822 Property, plant and equipment, net Goodwill -..- Other intangible assets, net Other long-term assets 1,782 1,697 7,911 6,998 6,372 932 5,837 688 Total assets $20,999 $19,042 Current liabilities Current debt obligations Accounts payable Accrued expenses $ 2,253 $ 1,801 349 530 2,246 2,456 Other current liabilities. 412 867 5,654 3,815 Total current liabilities 5,260 Long-term debt Deferred income taxes. 4,803 328 191 Other long-term liabilities Stockholders' equity 1,882 2,370 Calculate the financial leverage ratio for 2018

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 16.3APR: Statement of cash flowsindirect method The comparative balance sheet of Whitman Co. at December 31,...

See similar textbooks

Similar questions

Statement of cash flowsindirect method The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash. 918,000 964,800 Accounts receivable (net) 828,900 761,940 Inventories 1,268,460 1,162,980 Prepaid expenses 29,340 35,100 Land 315,900 479,700 Buildings 1,462.500 900,900 Accumulated depreciationbuildings (408,00) (382,320) Equipment 512,280 454,680 Accumulated depreciationequipment (141,300) (158,760) Total assets 4,785,480 4,219,020 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 922,500 958.320 Bonds payable 270,000 0 Common stock. 25 par 317,000 117,000 Paid-in capital: Excess of issue price over parcommon stock 758,000 558,000 Retained earnings 2,517,980 2,585,700 Total liabilities and stockholders' equity 4,785,480 4,219,020 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Statement of cash flowsindirect method The comparative balance sheet of Harris Industries Inc. at December 31, 20Y4 and 20Y3, is as follows: Dec 31, 20Y4 Dec 31, 20Y3 Assets Cash 443,240 360,920 Accounts receivable (net) 665,280 592,200 Inventories 887,880 1,022,560 Prepaid expenses 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 1,134,000 Accumulated depreciationbuildings (466,200) (414,540) Machinery and equipment 781,200 781,200 Accumulated depreciationmachinery and equipment (214,200) (191,520) Patents 106,960 112,000 Total assets 4,251,800 3,724,420 Liabilities and Stockholders' Equity Accounts payable 837,480 927,080 Dividends payable 32,760 25,200 Salaries payable 78,960 87,080 Mortgage note payable, due in 10 years 224,000 0 Bonds payable 0 390,000 Common stock, S par 200,400 50,400 Paid-in capital: Excess of issue price over parcommon stock 366,000 126,000 Retained earnings 2,512,200 2,118,660 Total liabilities and stockholders' equity 4,251,800 3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4: a. Net income, 524,580. b. Depreciation expense reported on the income statement: buildings, 51,660; machinery and equipment, 22,680. c. Patent amortization reported on the income statement, 5,040. d. A building was constructed for 579,600. e. A mortgage note for 224,000 was issued for cash. f. 30.000 shares of common stock were issued at 13 in exchange for the bonds payable. g. Cash dividends declared, 131,040. Instructions Prepare a statement of cash flows, using the indirect method.
Determining selected amounts for cash flows from operating activitiesdirect method Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Balance, December 31 Balance, January 1 Accrued expenses payable (operating expenses) 12,650 14,030 Accounts payable (merchandise creditors) 96,140 105,800 Inventories 178,020 193,430 During the current year, the cost of merchandise sold was 1,031,550 and the operating expenses other than depreciation were 179,400. The direct method is used for presenting the cash flows from operating activities on the statement of cash flows. Determine the amount reported on the statement of cash flows for (a) cash payments for merchandise and (b) cash payments for operating expenses.
Statement of cash flows indirect method The comparative balance sheet of Harris Industries Inc. at December 31, 20Y4 and 20Y3, is as follows: Dec. 31, 20Y4 Dec. 31, 20Y3 Assets Cash 443,240 360,920 Accounts receivable {net 665,280 592,200 Inventories 887,880 1,022,560 Prepaid expenses 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 1,134,000 Accumulated depreciationbuildings (466,200) (414,540) Machinery and equipment 781,200 781,200 Accumulated depreciationmachinery and equipment (214,200) (191,520) Patents 106,960 112,000 Total assets 4,251,800 3,724,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors|) 837,480 927,080 Dividends payable 32,760 25,200 Salaries payable 78,960 87,080 Mortgage note payable, due in nine years 224,000 0 Bonds payable 0 390,000 Common stock, 5 par 200,400 50,400 Paid-in capital. Excess of issue price over parcommon stock 366,000 126,000 Retained earnings 2,512,200 2,118,660 Total liabilities and stockholders' equity 4,251,800 3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4: A. Net income, 524,580. B. Depreciation expense reported on the income statement: buildings, 51,660; machinery and equipment, 22,680. C. Patent amortization reported on the income statement, 5,040. D. A building was constructed for 579,600. E. A mortgage note for 224,000 was issued for cash. F. 30,000 shares of common stock were issued at 13 in exchange for the bonds payable. G. Cash dividends declared, 131,040. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.