Principles of Financial Accounting.
Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 8, Problem 11DQ
To determine

To identify the net income of Company G for the year ended on December 31, 2017. To identify if the net earnings equal to the change in cash and cash equivalents.

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Use Google’s December 31, 2017, financial statements, in Appendix A near the end of the text, to answer the following. a). Identify the amounts (in $ millions) of its 2017 (1) assets, (2) liabilities, and (3) equity. b). Using amounts from part a, verify that Assets = Liabilities + Equity.
17-8i Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following additional information (in millions): Accounts receivable at May 31, 2016 $ 3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders’ equity at May 31, 2016 12,258 Instructions Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place.     Accounts receivable turnover Number of days’ sales in receivables Inventory turnover Number of days’ sales in inventory Ratio of liabilities to stockholders’ equity Asset turnover Return on total assets. Return on common stockholders’ equity Price-earnings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017 What conclusions can be drawn from these…
17-8i Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following additional information (in millions): Accounts receivable at May 31, 2016 $ 3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders’ equity at May 31, 2016 12,258 Instructions Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place. Working capital Current ratio Quick ratio Accounts receivable turnover Number of days’ sales in receivables Inventory turnover Number of days’ sales in inventory Ratio of liabilities to stockholders’ equity Asset turnover Return on total assets. Return on common stockholders’ equity Price-earnings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017…
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