Question

The Goodyear Tire & Rubber Conpany's December 31, 2016 financial statements reported the following( in millions)...

The Goodyear Tire & Rubber Conpany's December 31, 2016 financial statements reported the following( in millions)
Total Assets                                $16,511
Total liabilities                               11,786
Total Shareholders Equity              4,725
Dividends                                               82
Net Income(loss)                             1,264
Retained earnings(Dec 31,2015)    4,570
What did Good year report for retained earnings at December 31, 2016 ?

(a) $5,907
(b) $5,916
(c) $5,834
(e) There is not enough information to determine the answer.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 5 Not yet answered Marked out of 1.00 Flag question Question text The Goodyear Tire...
Question 5 Not yet answered Marked out of 1.00 Flag question Question text The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions) Total assets $16,511 Total liabilities 11,786 Total shareholders' equity 4,725 Dividends 82 Net income (loss) 1,264 Retained earnings, December 31, 2015 $ 4,570 What did Goodyear report for retained earnings at December 31, 2016? Select one: A. $5,907 million B. $5,752 million C. $5,916 million D. $5,834 million E. There is...
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained...
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained earnings account for the three-year period. (in millions) Retained earnings, December 31, 2016 5,808 Net income, 2016 1,264 Net income, 2015 307 Net income, 2014 2,452 Other, 2016 56 Dividends, 2016 82 Dividends, 2015 68 Dividends, 2014 67 show work thanks
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained...
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained earnings account for the three-year period. (in millions) Retained earnings 12/31/2010 $866 Net income, 2013 629 Net income, 2012 212 Net income, 2011 343 Dividends, 2013 41 Dividends, 2012 29 Dividends, 2011 22
Free Cash Flows Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016...
Free Cash Flows Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $10,400.0 $8,000.0 Operating costs excluding depreciation 8,320.0 6,800.0 Depreciation and amortization 264.0 240.0 Earnings before interest and taxes $1,816.0 $960.0   Less: Interest 224.0 172.0 Pre-tax income $1,592.0 $788.0   Taxes (40%) 636.8 315.2 Net income available to common stockholders $955.2 $472.8 Common dividends $860.0 $378.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $140.0 $112.0 Short-term...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $7,150.0...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $7,150.0 $6,500.0 Operating costs excluding depreciation 5,541.0 5,525.0 Depreciation and amortization 245.0 189.0     Earnings before interest and taxes $1,364.0 $786.0 Less Interest 154.0 140.0     Pre-tax income $1,210.0 $646.0 Taxes (40%) 484.0 258.4 Net income available to common stockholders $726.0 $387.6 Common dividends $653.0 $310.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $94.0 $85.0 Short-term investments 36.0 33.0...
As of December 31, 2016, Flowers Company had total assets of $30,000, total liabilities of $9,000,...
As of December 31, 2016, Flowers Company had total assets of $30,000, total liabilities of $9,000, and common stock of $15,000. The company’s 2016 income statement contained revenue of $5,000 and expenses of $3,000. The 2016 statement of changes in stockholder’s equity stated that $400 of dividends were paid to investors. a. Determine the before-closing balance in the Retained Earnings account on December 31, 2016. B. Determine the after-closing balance in the Retained Earnings account on December 31, 2016.
Following are partially completed financial statements​ (income statement, statement of retained​ earnings, and balance​ sheet) for...
Following are partially completed financial statements​ (income statement, statement of retained​ earnings, and balance​ sheet) for Loving Corporation. Complete the financial statements. All amounts are in millions. Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales $186 Expenses 106 Net income (loss) $ a Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) Beginning retained earnings $72 Net income b Cash dividends declared (9) Ending retained earnings $ c Loving Corporation Balance Sheet December...
At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements:...
At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 2016 2015 Total Assets $ 13,700 $ 11,500 Total Liabilities 9,453 7,705 Interest Expense 360 360 Income Tax Expense 750 740 Net Income 1,140 1,060 Required: 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.) 2-a. Creditors were providing a greater (or lesser) proportion of financing for FedEx’s assets? Greater Lesser 2-b. FedEx...
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here....
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents $  14,000 $  11,000 Accounts receivable 25,000 20,000 Inventories 21,520 19,000   Total current assets $ 60,520 $ 50,000 Net plant and equipment 51,000 49,000 Total assets $111,520 $99,000 Liabilities and Equity Accounts payable $ 10,600 $  9,500 Accruals 7,000 5,000 Notes payable 6,900 5,300   Total current liabilities $ 24,500 $ 19,800 Long-term bonds 10,000 10,000...
PT LARIS MANIS Balance Sheet (in Millions) 31 December 2015 & 2016 ASSETS 2016 2015 Current...
PT LARIS MANIS Balance Sheet (in Millions) 31 December 2015 & 2016 ASSETS 2016 2015 Current Assets: Cash and equivalents $ 3,641 $ 4,910 Short-term Investments 273 525 Accounts Receivable (net) 2,269 2,424 Inventories 278 400 Other 1,419 1,467 Total Current Assets $ 7,877 $ 9,726 Non-Current Assets: Total non-current assets $ 5,658 $ 3,499 Total Assets $13,535 $13,670 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts Payable $ 5,075 $ 4,286 Accrued Liabilities 1,600 1,550 Unearned Revenues 444 192 Notes...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT