Question

CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July,...

CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July, 2014 and 2015. Total assets were $105,134.0, and $113,481.0, respectively. Total liabilities were $48,473.0, and $53,774.0, respectively. For the years ended July, 2014 and 2015 CISCO SYS's sales were $47,142.0 and $49,161.0, and its net income was $7,854.0 and $8,979.0, respectively. Assume that the company has an effective tax rate of 30% and an average cost of debt financing of 10%, calculate the cost of financing for CISCO SYS for 2015? Please help I am trying to finished my homework need the answer....NOW

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
BOEING CO had the following balance sheet information (all dollars are in millions) at the end...
BOEING CO had the following balance sheet information (all dollars are in millions) at the end of December, 2015 and 2014. Total assets were $94,408.0, and $99,198.0, respectively. Total liabilities were $88,011.0, and $90,408.0, respectively. For the years ended December, 2015 and 2014, BOEING CO's sales were $96,114.0 and $90,762.0, and its net income was $5,176.0 and $5,446.0, respectively. Assume that the company has an effective tax rate of 30% and an average cost of debt financing of 10%, calculate...
BOEING CO had the following balance sheet information (all dollars are in millions) at the end...
BOEING CO had the following balance sheet information (all dollars are in millions) at the end of December, 2015 and 2014. Total assets were $94,408.0, and $99,198.0, respectively. Total liabilities were $88,011.0, and $90,408.0, respectively. For the years ended December, 2015 and 2014, BOEING CO's sales were $96,114.0 and $90,762.0, and its net income was $5,176.0 and $5,446.0, respectively. What is the capital structure leverage (financial leverage) for BOEING CO for 2015? Please answer my question need the answer now
Following are the income statement and balance sheet for Cisco Sytems for the year ended July...
Following are the income statement and balance sheet for Cisco Sytems for the year ended July 30, 2016. Cisco Sytems Consolidated Statements of Income Years Ended December ($ millions) July 30, 2016 July 25, 2015 Revenue Product $37,254 $37,750 Service 11,993 11,411 Total revenue 49,247 49,161 Cost of sales Product 14,161 15,377 Service 4,126 4,103 Total cost of sales 18,287 19,480 Gross margin 30,960 29,681 Operating expenses Research and development 6,296 6,207 Sales and marketing 9,619 9,821 General and administrative...
Following are the income statement and balance sheet for Cisco Sytems for the year ended July...
Following are the income statement and balance sheet for Cisco Sytems for the year ended July 30, 2016. Cisco Sytems Consolidated Statements of Income Years Ended December ($ millions) July 30, 2016 July 25, 2015 Revenue Product $37,254 $37,750 Service 11,993 11,411 Total revenue 49,247 49,161 Cost of sales Product 14,161 15,377 Service 4,126 4,103 Total cost of sales 18,287 19,480 Gross margin 30,960 29,681 Operating expenses Research and development 6,296 6,207 Sales and marketing 9,619 9,821 General and administrative...
The following information was given for CONOCOPHILLIPS (COP stock ticker symbol). All amounts are in millions....
The following information was given for CONOCOPHILLIPS (COP stock ticker symbol). All amounts are in millions. At December month end, 2015 2014 Total assets $97,484.0 $116,539.0 Total liabilities $57,402.0 $64,266.0 Total equity $40,082.0 $52,273.0 . . . For the year ended December, 2015 2014 Sales $29,564.0 $52,524.0 Net income $-4,428.0 $6,869.0 Assume that the company has an effective tax rate of 35% and an average cost of debt financing of 12%, calculate the cost of financing for CONOCOPHILL for 2015?...
TLC Inc. manufactures large-scale, high-performance computer systems. In a recent annual report, the balance sheet included...
TLC Inc. manufactures large-scale, high-performance computer systems. In a recent annual report, the balance sheet included the following information ($ in millions): 2015 2014 Current assets: Receivables, less allowances of $330 in 2015 and $372 in 2014 $ 5,977 $ 6,413 In addition, the income statement reported sales revenue of $44,824 ($ in millions) for the current year. All sales are made on a credit basis. The statement of cash flows indicates that cash collected from customers during the current...
Interpreting Disclosures of Available-for-Sale Securities Use the following year-end footnote information from Cisco Systems, Inc.'s 10-K...
Interpreting Disclosures of Available-for-Sale Securities Use the following year-end footnote information from Cisco Systems, Inc.'s 10-K report to answer parts a and b. ($ millions) 2014 Cost of available-for-sale investments securities $43,385 Gross unrealized gains 748 Gross unrealized losses (31) Fair value of available-for-sale investments securities $44,102 a. At what amount is its available-for-sale investments reported on Cisco's 2014 balance sheet? $Answer million b. How is its net unrealized gain of $729 million ($759 million - $30 million) reported by...
Rome Deposit, Inc. has the following balance sheet and income statement. Income Statement ($ millions) Balance...
Rome Deposit, Inc. has the following balance sheet and income statement. Income Statement ($ millions) Balance Sheet ($ millions) Net sales $ 5,800.00 Assets Expenses 2,700.00 Current assets $ 6,000.00 Depreciation 1,150.00 Net fixed assets 8,700.00 Taxable income $ 1,950.00 Total assets $ 14,700.00 Interest expense 970.00 Taxable income $ 980.00 Liabilities & Owner's Equity Taxes (35%) 343.00 Current liabilities $ 1,200.00 Net income $ 637.00 Long-term debt 5,400.00 Owner's equity 8,100.00 Total liabilities and equity $ 14,700.00 a. What...
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST...
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 7,800 $ 12,250 Accounts payable $ 46,400 $ 52,750 Accounts receivable 15,800 31,000 Notes payable 20,600 26,500 Inventory 53,400 64,250 Total $ 77,000 $ 107,500 Total $ 67,000 $ 79,250 Long-term debt $ 46,000 $ 40,000 Owners’ equity Common stock and...
The current asset portion of Darden Restaurants, Inc.’s balance sheet is as follows (in $millions). Fiscal...
The current asset portion of Darden Restaurants, Inc.’s balance sheet is as follows (in $millions). Fiscal Year Ended May 31, 2015 May 25, 2014 Current assets:   Cash and cash equivalents $535.90 $98.30   Receivables, net 78.00 83.80   Inventories 163.90 196.80   Prepaid income taxes 18.90 10.90   Prepaid expenses and other 69.40 71.70   Deferred income taxes 157.40 124.00   Assets held for sale 32.90 1,390.30 Total current assets $1,056.40 $1,975.80 Prepare a horizontal analysis of Darden Restaurants’ current assets. (If amount and percentage are...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT