Question

In its December 31, 2016 annual report, Mattel, Inc. reports the following items. ($ thousands) 2016...

In its December 31, 2016 annual report, Mattel, Inc. reports the following items.

($ thousands)

2016

Net cash flows from operating activities

$594,509

Net sales

5,456,650

Stockholders’ equity

2,407,782

Net cash flows from financing activities

(305,882)

Total assets

6,493,794

Cash, ending year

869,531

Expenses

5,138,628

Noncash assets

5,624,263

Net cash flows from investing activities

(311,910)

Net income

318,022

Cash, beginning year

$892,814

  1. Prepare the balance sheet for Mattel, Inc. for December 31, 2016.
  2. Prepare the income statement for Mattel, Inc. for the year ended December 31, 2016.
  3.    Prepare the statement of cash flows for Mattel, In for the year ended December 31, 2016.

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Answer #1

a) Balance sheet

Assets
Cash 869531
Non Cash assets 5624263
Total Assets 6493794
Liabilities and stockholder's equity
Liabilities 4086012
Stockholder's equity 2407782
Total Liabilities and stockholder's equity 6493794

Income statement

Net Sales 5456650
Expenses -5138628
Net income 318022

Cash flow

Net Cash flow from operating activities 594509
Net Cash flow from investing activities -311910
Net cash used in financing activities -305882
Net cash inflow (outflow) -23283
Beginning Cash 892814
Ending Cash 869531
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