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What were Days Inventory for Procter and Gamble in 2018? Question 1 options:   25.9 days   100.3 days   34.1 days   74.3 days   50.5 days   Question 2 Capital expenditures for Procter and Gamble in 2018 were.  Round to nearest $billion and use the $ symbol.  Do not show as a negative number.   ____________   What was EBITDA for Procter and Gamble in 2018? Question 6 options:   $16,666mm   $9,861mm   $66,832mm   $23,454mm  For Procter and Gamble, what was the Gross Margin Percentage for 2018?  Round to nearest one decimal point and use the % symbol. _______?  For Procter and Gamble, what were days Receivable for 2018?  Round to the nearest day and answer in the form of 54 days _______? Return on Sales for Procter and Gamble for 2018 was:   (round to nearest whole number and use % symbol.)  Hint....Net income is the bottom line of the income statement. ? Total sales (a.k.a. Net Sales) for Procter and Gamble in 2018 were:____.  Round to nearest $ billion and use the $ sign...( hint is there are two digits...no commas) Operating income for Procter and Gamble in 2018 was:  Round to nearest $billion and use $ symbol.  (i.e. if the calculator answer is $1,750,000,000, then place $2 in D2L) What was the return on assets for Procter and Gamble for 2018?  Round to nearest one decimal point and use the % symbol. For Procter and Gamble, what was fixed charge coverage for 2018.  Your answer should round to the nearest one decimal point and be in the form of....8.3x.  In other words, use the x at the end of your answer.

What were Days Inventory for Procter and Gamble in 2018? Question 1 options:   25.9 days   100.3 days   34.1 days   74.3 days   50.5 days   Question 2 Capital expenditures for Procter and Gamble in 2018 were.  Round to nearest $billion and use the $ symbol.  Do not show as a negative number.   ____________   What was EBITDA for Procter and Gamble in 2018? Question 6 options:   $16,666mm   $9,861mm   $66,832mm   $23,454mm  For Procter and Gamble, what was the Gross Margin Percentage for 2018?  Round to nearest one decimal point and use the % symbol. _______?  For Procter and Gamble, what were days Receivable for 2018?  Round to the nearest day and answer in the form of 54 days _______? Return on Sales for Procter and Gamble for 2018 was:   (round to nearest whole number and use % symbol.)  Hint....Net income is the bottom line of the income statement. ? Total sales (a.k.a. Net Sales) for Procter and Gamble in 2018 were:____.  Round to nearest $ billion and use the $ sign...( hint is there are two digits...no commas) Operating income for Procter and Gamble in 2018 was:  Round to nearest $billion and use $ symbol.  (i.e. if the calculator answer is $1,750,000,000, then place $2 in D2L) What was the return on assets for Procter and Gamble for 2018?  Round to nearest one decimal point and use the % symbol. For Procter and Gamble, what was fixed charge coverage for 2018.  Your answer should round to the nearest one decimal point and be in the form of....8.3x.  In other words, use the x at the end of your answer.

Survey of Accounting (Accounting I)
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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Related questions
Question

 

 

What were Days Inventory for Procter and Gamble in 2018?

Question 1 options:

 

25.9 days

 

100.3 days

 

34.1 days

 

74.3 days

 

50.5 days

 

Question 2 Capital expenditures for Procter and Gamble in 2018 were.  Round to nearest $billion and use the $ symbol.  Do not show as a negative number.   ____________

 

What was EBITDA for Procter and Gamble in 2018?

Question 6 options:

 

$16,666mm

 

$9,861mm

 

$66,832mm

 

$23,454mm

 For Procter and Gamble, what was the Gross Margin Percentage for 2018?  Round to nearest one decimal point and use the % symbol. _______?

 For Procter and Gamble, what were days Receivable for 2018?  Round to the nearest day and answer in the form of 54 days _______?

Return on Sales for Procter and Gamble for 2018 was:   (round to nearest whole number and use % symbol.)  Hint....Net income is the bottom line of the income statement. ?

Total sales (a.k.a. Net Sales) for Procter and Gamble in 2018 were:____.  Round to nearest $ billion and use the $ sign...( hint is there are two digits...no commas)

Operating income for Procter and Gamble in 2018 was:  Round to nearest $billion and use $ symbol.  (i.e. if the calculator answer is $1,750,000,000, then place $2 in D2L)

What was the return on assets for Procter and Gamble for 2018?  Round to nearest one decimal point and use the % symbol.

For Procter and Gamble, what was fixed charge coverage for 2018.  Your answer should round to the nearest one decimal point and be in the form of....8.3x.  In other words, use the x at the end of your answer.

Consolidated Statements of Cash Flows Amounts in millions: Years ended June 30 2018 2017 2016 CASH AND CASH EQUIVALENTS, BEGINNING OFYEAR 5.569 2$ 7,102 $ 6,836 OPERATING ACTIVITIES 15,411 10,604 Net earnings Depreciation and amortization Loss on early extinguishment of debt Share-based compensation expense 9,861 2,834 2,820 3,078 346 543 395 351 335 Deferred income taxes (1,844) (601) (815) Gain on sale of assets (176) (5,490) (41) Goodwill and intangible asset impaiment charges 450 Change in accounts receivable Change in inventories Change in accounts payable, accrued and other liabilities Change in other operating assets and liabilities Other (177) (322) 35 (188) 71 116 1,385 (149) 1,285 2,000 (43) 204 431 162 184 TOTAL OPERATING ACTIVITIES 14,867 12,753 15,435 INVESTING ACTIVITIES Capital expenditures (3,717) (3,384) (3,314) Proceeds from asset sales 269 571 432 Acquisiti ons, net of cash acquired (109) (16) (186) Purchases of short-term investments (3,909) (4,843) (2,815) Proceeds from sales and maturities of short-term investments 3,928 1,488 1,354 Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture Cash transferred at closing related to the Beauty Brands divesti ture Release of restricted cash upon closing of the Beauty Brands divestiture (874) (996) (475) 1,870 Cash transferred in Batteries divestiture (143) Change in other investments 27 (26) 93 TOTAL INVESTING ACTIVITIES (3,511) (5,689) (5,575) FINANCING ACTIVITIES Dividends to shareholders (7,310) (7,236) (7,436) Change in short-term debt Additions to long-term debt Reductions of long-term debt () Trea sury stock purchases Treasury stock from cash infused in Batteries divestiture Impact of stock options and other (3,437) 2,727 (418) 5,072 3,603 3,916 (2,873) (4,931) (2,213) (7,004) (5,204) (4,004) (1,730) 1,177 2,473 2,672 TOTAL FINANCING ACTIVITIES (14,375) (8,568) (9,213) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 19 (29) (381) CHANGE IN CASHAND CASH EQUIVALENTS (3,000) (1,533) 266 CASH AND CASH EQUIVALENTS, END OF YEAR 2,569 $ 5,569 7,102
Transcribed Image Text:Consolidated Statements of Cash Flows Amounts in millions: Years ended June 30 2018 2017 2016 CASH AND CASH EQUIVALENTS, BEGINNING OFYEAR 5.569 2$ 7,102 $ 6,836 OPERATING ACTIVITIES 15,411 10,604 Net earnings Depreciation and amortization Loss on early extinguishment of debt Share-based compensation expense 9,861 2,834 2,820 3,078 346 543 395 351 335 Deferred income taxes (1,844) (601) (815) Gain on sale of assets (176) (5,490) (41) Goodwill and intangible asset impaiment charges 450 Change in accounts receivable Change in inventories Change in accounts payable, accrued and other liabilities Change in other operating assets and liabilities Other (177) (322) 35 (188) 71 116 1,385 (149) 1,285 2,000 (43) 204 431 162 184 TOTAL OPERATING ACTIVITIES 14,867 12,753 15,435 INVESTING ACTIVITIES Capital expenditures (3,717) (3,384) (3,314) Proceeds from asset sales 269 571 432 Acquisiti ons, net of cash acquired (109) (16) (186) Purchases of short-term investments (3,909) (4,843) (2,815) Proceeds from sales and maturities of short-term investments 3,928 1,488 1,354 Pre-divestiture addition of restricted cash related to the Beauty Brands divestiture Cash transferred at closing related to the Beauty Brands divesti ture Release of restricted cash upon closing of the Beauty Brands divestiture (874) (996) (475) 1,870 Cash transferred in Batteries divestiture (143) Change in other investments 27 (26) 93 TOTAL INVESTING ACTIVITIES (3,511) (5,689) (5,575) FINANCING ACTIVITIES Dividends to shareholders (7,310) (7,236) (7,436) Change in short-term debt Additions to long-term debt Reductions of long-term debt () Trea sury stock purchases Treasury stock from cash infused in Batteries divestiture Impact of stock options and other (3,437) 2,727 (418) 5,072 3,603 3,916 (2,873) (4,931) (2,213) (7,004) (5,204) (4,004) (1,730) 1,177 2,473 2,672 TOTAL FINANCING ACTIVITIES (14,375) (8,568) (9,213) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 19 (29) (381) CHANGE IN CASHAND CASH EQUIVALENTS (3,000) (1,533) 266 CASH AND CASH EQUIVALENTS, END OF YEAR 2,569 $ 5,569 7,102
Consolidated Balance Sheets Amounts in millions: As of June 30. 2018 2017 Assets CURRENT ASSETS Cash and cash equivalents 2,569 S 5.569 Available-for-sale investment securities 9,281 9.568 Accounts receivable 4,686 4,594 INVENTORIES Materials and supplies 1,335 1,308 Work in process 588 529 Finished goods 2,815 2,787 Total inventories 4,738 4,624 Prepaid expenses and other current assets 2,046 2,139 TOTAL CURRENT ASSETS 23,320 26,494 PROPERTY, PLANT AND EQUIPMENT, NET 20,600 19,893 GOODWILL 45,175 44,699 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23,902 24,187 OTHER NONCURRENT ASSETS 5,313 5,133 TOTAL ASSETS 118,310 S 120,406 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable 10,344 S 9,632 Accrued and other liabilities 7,470 7,024 Debt due within one year 10,423 13,554 TOTAL CURRENT LIABILITIES 28,237 30,210 LONG-TERM DEBT 20,863 18,038 DEFERRED INCOME TAXES 6,163 8,126 OTHER NONCURRENT LIABILITIES 10,164 8,254 TOTAL LIABILITIES 65,427 64,628 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 967 1,006 Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2018 - 4,009.2, 2017 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement 4,009 4,009 63,846 63,641 (1,204) (1,249) Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 2018 -1,511.2, 2017 - 1,455.9) (14,749) (14,632) (99,217) (93,715) Retained earnings 98,641 96,124 Noncontrolling interest 590 594 TOTAL SHAREHOLDERS' EQUITY 52,883 55,778 TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY $ 118,310 120,406 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 2018 2017 2016 NET SALES $ 66,832 $ 65,058 $ 65,299 Cost of products sold 34,268 32,535 32,909 Selling, general and administrative expense 18,853 18,568 18,949 OPERATING INCOME 13,711 13,955 13,441 Interest expense 506 465 579 Interest income 247 171 182 (126) (404) Other non-operating income/(expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 325 13,326 13,257 13,369 Income taxes on continuing operations 3,465 3,063 3,342 NET EARNINGS FROM CONTINUING OPERATIONS 9,861 10,194 10,027
Transcribed Image Text:Consolidated Balance Sheets Amounts in millions: As of June 30. 2018 2017 Assets CURRENT ASSETS Cash and cash equivalents 2,569 S 5.569 Available-for-sale investment securities 9,281 9.568 Accounts receivable 4,686 4,594 INVENTORIES Materials and supplies 1,335 1,308 Work in process 588 529 Finished goods 2,815 2,787 Total inventories 4,738 4,624 Prepaid expenses and other current assets 2,046 2,139 TOTAL CURRENT ASSETS 23,320 26,494 PROPERTY, PLANT AND EQUIPMENT, NET 20,600 19,893 GOODWILL 45,175 44,699 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23,902 24,187 OTHER NONCURRENT ASSETS 5,313 5,133 TOTAL ASSETS 118,310 S 120,406 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable 10,344 S 9,632 Accrued and other liabilities 7,470 7,024 Debt due within one year 10,423 13,554 TOTAL CURRENT LIABILITIES 28,237 30,210 LONG-TERM DEBT 20,863 18,038 DEFERRED INCOME TAXES 6,163 8,126 OTHER NONCURRENT LIABILITIES 10,164 8,254 TOTAL LIABILITIES 65,427 64,628 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 967 1,006 Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2018 - 4,009.2, 2017 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement 4,009 4,009 63,846 63,641 (1,204) (1,249) Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 2018 -1,511.2, 2017 - 1,455.9) (14,749) (14,632) (99,217) (93,715) Retained earnings 98,641 96,124 Noncontrolling interest 590 594 TOTAL SHAREHOLDERS' EQUITY 52,883 55,778 TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY $ 118,310 120,406 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 2018 2017 2016 NET SALES $ 66,832 $ 65,058 $ 65,299 Cost of products sold 34,268 32,535 32,909 Selling, general and administrative expense 18,853 18,568 18,949 OPERATING INCOME 13,711 13,955 13,441 Interest expense 506 465 579 Interest income 247 171 182 (126) (404) Other non-operating income/(expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 325 13,326 13,257 13,369 Income taxes on continuing operations 3,465 3,063 3,342 NET EARNINGS FROM CONTINUING OPERATIONS 9,861 10,194 10,027
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