Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2018
Current assets
$
679
$
898
$
743
Other assets
2,414
1,921
1,720
Total assets
$
3,093
$
2,819
$
2,463
Current liabilities
$
563
$
804
$
711
Long-term liabilities
1,522
988
833
Stockholders’ equity
1,008
1,027
919
Total liabilities and stockholders' equity
$
3,093
$
2,819
$
2,463...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2018
Current assets
$
650
$
900
$
700
Other
assets
2,750
2,050
1,750
Total
assets
$
3,400
$
2,950
$
2,450
Current
liabilities
$
500
$
800
$
700
Long-term
liabilities
1,500
1,000
800
Stockholders'
equity
1,400
1,150
950
Total
liabilities and stockholders' equity
$
3,400
$
2,950
$
2,450...
Exercise 9-5
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
NIKE, INC.
Condensed...
Exercise 9-5
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2017
2016
Assets
Current Assets
$9,640
$8,720
Property, plant, and equipment (net)
2,010
1,840
Other assets
1,450
1,730
Total assets
$13,100
$12,290
Liabilities and Stockholders' Equity
Current Liabilities
$3,250
$3,340
Long-term liabilities
1,290
1,340
Stockholders’ equity
8,560
7,610
Total liabilities and stockholders' equity
$13,100
$12,290
Prepare a horizontal analysis of the balance sheet data for
Nike, using...
Suppose the comparative balance sheets of Splish Brothers Inc.
are presented here. SPLISH BROTHERS INC. Condensed...
Suppose the comparative balance sheets of Splish Brothers Inc.
are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet
May 31 ($ in millions) 2017 2016 Assets Current Assets $9,580
$8,770 Property, plant, and equipment (net) 1,810 1,800 Other
assets 1,540 1,670 Total assets $12,930 $12,240 Liabilities and
Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term
liabilities 1,320 1,370 Stockholders’ equity 8,460 7,550 Total
liabilities and stockholders' equity $12,930 $12,240 (a) Prepare a
horizontal analysis of the balance sheet data for Splish...
Common-Sized Balance Sheets
The following end-of-the-year balance sheets (in millions) were
adapted from recent financial statements...
Common-Sized Balance Sheets
The following end-of-the-year balance sheets (in millions) were
adapted from recent financial statements of Apple
(AAPL).
Year 1
Year 2
Current assets:
Cash
$13,844
$21,120
Marketable
securities
11,233
20,481
Accounts
receivable
27,219
30,343
Inventory
2,111
2,349
Other
14,124
15,085
Total current
assets
$68,531
$89,378
Long-term assets:
Long-term marketable
securities
$130,162
$164,065
Property, plant, and
equipment
20,624
22,471
Other long-term
assets
12,522
14,565
Total long-term
assets
$163,308
$201,101
Total assets
$231,839
$290,479
Current liabilities:
Accounts payable and
similar...
Compare Income Statements and Balance Sheets of
Competitors
a. Following are selected income statement data for...
Compare Income Statements and Balance Sheets of
Competitors
a. Following are selected income statement data for two
communications companies, Comcast and Verizon, for the year ended
December 31, 2018. Express each income statement amount as a
percentage of sales.
Note: Round percentage to one decimal point (for
example, round 18.566% to 18.6%).
Income Statement ($ millions)
Comcast
Verizon
Sales
$96,397
$133,480
Operating costs
75,498
108,585
Operating profit
20,899
24,895
Nonoperating expenses
7,290
6,364
Net income
$13,609
$18,531
b. Following are...
Problem 14-2A (Video)
The comparative statements of Wahlberg Company are presented
here.
Wahlberg Company
Income Statement...
Problem 14-2A (Video)
The comparative statements of Wahlberg Company are presented
here.
Wahlberg Company
Income Statement
For the Years Ended December 31
2020
2019
Net sales
$1,815,700
$1,749,500
Cost of goods sold
1,011,000
981,000
Gross profit
804,700
768,500
Selling and administrative expenses
515,000
477,600
Income from operations
289,700
290,900
Other expenses and losses
Interest expense
19,000
14,300
Income before income taxes
270,700
276,600
Income tax expense
80,521
76,700
Net income
$ 190,179
$ 199,900
Wahlberg Company
Balance Sheets
December 31...
Forecast the Statement of Cash Flows
The following are the income statements and balance sheets of...
Forecast the Statement of Cash Flows
The following are the income statements and balance sheets of
Amazon.com Inc.
AMAZON.COM INC.
Consolidated Statement of Operations
$ millions
2016
Estimated
Dec. 31,
2015
Net product sales
$91,158
$79,268
Net service sales
38,833
27,738
Total net sales
129,991
107,006
Operating expenses
Cost of sales
87,094
71,651
Fulfillment
16,249
13,410
Marketing
6,370
5,254
Technology and content
15,209
12,540
General and administrative
2,080
1,747
Other operating expense (income), net
171
171
Total operating expenses
127,173...
Exercise 12-83
Dupont Analysis
Financial statements for Steele Inc. follow.
Steele
Inc.
Consolidated
Income Statements
(in...
Exercise 12-83
Dupont Analysis
Financial statements for Steele Inc. follow.
Steele
Inc.
Consolidated
Income Statements
(in
thousands except per share amounts)
2019
2018
2017
Net sales
$7,245,088
$6,944,296
$6,149,218
Cost of goods sold
(5,286,253)
(4,953,556)
(4,355,675)
Gross margin
$1,958,835
$1,990,740
$1,793,543
General and
administrative expenses
(1,259,896)
(1,202,042)
(1,080,843)
Special and
nonrecurring items
2,617
0
0
Operating income
$701,556
$788,698
$712,700
Interest expense
(63,685)
(62,398)
(63,927)
Other income
7,308
10,080
11,529
Gain on sale of
investments
0
9,117
0
Income before...
Analysis and Interpretation of Profitability
Balance sheets and income statements for Best Buy Co., Inc.
follow....
Analysis and Interpretation of Profitability
Balance sheets and income statements for Best Buy Co., Inc.
follow.
Consolidated Statements of Earnings
For Fiscal Years Ended ($ millions)
February 26, 2011
February 27, 2010
February 28, 2009
Revenue
$ 50,272
$ 49,694
$ 45,015
Cost of goods sold
37,611
37,534
34,017
Restructuring charges - cost of goods sold
24
--
--
Gross Profit
12,637
12,160
10,998
Selling, general and administrative expenses
10,325
9,873
8,984
Restructuring charges
198
52
78
Goodwill and tradename...