Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do you think they represent? Where does most of the cash come from?
Compute the receivables turnover rate and days in receivables of Microsoft corporation. What does that indicate to you about the company’s ability to collect receivables? How does it account for uncollectible? How do you know?
What types of inventory does microsoft corporation hold: raw materials, work in process, finished goods…. Please provide examples of the goods held. How does the company value its inventories?
hint(view the 10-k report of Microsoft corporation)
Homework Answers
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Read the financial statement footnote of Microsoft corporation
that describes cash and cash equivalents. What do...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do...
Read the financial statement footnote of Microsoft corporation that describes cash and cash equivalents. What do you think they represent? Where does most of the cash come from? (please type it)
What types of inventory does microsoft corporation hold: raw materials, work in process, finished goods…. Please...
What types of inventory does microsoft corporation hold: raw materials, work in process, finished goods…. Please provide examples of the goods held. How does the company value its inventories? hint(view the 10-k report of Microsoft corporation) please type the answer and write in detail
Chapter 8 & 9: accounting When do cash equivalents mature Formal instruments of credit issued as...
Chapter 8 & 9: accounting When do cash equivalents mature Formal instruments of credit issued as proof of debt are known as… What is net realizable value and how to calculate Calculate AR turnover ratio and what does the ratio tell you? Do you want a higher AR turnover or a lower? Why or why not? Calculate average collection period for AR in days and what does the ratio tell you? Do you want a higher AR turnover or a...
As an intern at Crescent Corporation, you are asked to evaluate the company’s cash flow cycle....
As an intern at Crescent Corporation, you are asked to evaluate the company’s cash flow cycle. The company’s annual sales were $250,000 with a net profit margin of 8% and fixed asset turnover ratio of 4 times. The company’s inventory turnover ratio, based on sales figure, was 7. The company collected its receivables in 28 days on average while its payables deferral period extended 35 days. (Hint: Use Sales/Inventories as the Inventory Turnover measure whenever necessary in the following questions)....
As an intern at Crescent Corporation, you are asked to evaluate the company’s cash flow cycle....
As an intern at Crescent Corporation, you are asked to evaluate the company’s cash flow cycle. The company’s annual sales were $250,000 with a net profit margin of 8% and fixed asset turnover ratio of 4 times. The company’s inventory turnover ratio, based on sales figure, was 7. The company collected its receivables in 28 days on average while its payables deferral period extended 35 days. (Hint: Use Sales/Inventories as the Inventory Turnover measure whenever necessary in the following questions)....
The statement of cash flows reported bad debt expense for 2021 of $5 million. The summary...
The statement of cash flows reported bad debt expense for 2021 of $5 million. The summary of significant accounting policies included the following notes ($ in millions): Accounts Receivable (in part) The allowance for uncollectible accounts was $7 and $4 at December 31, 2021 and 2020, respectively. All sales are on credit. Inventories Inventories are valued at the lower of cost or market. The cost of the majority of inventories is measured using the last-in, first-out (LIFO) method. Other inventories...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put a checkmark in tbe row in which Phorbe's ratios are better than the industry average: Ratio Gross Profit Margin Net Profit Margin Current Ratio Inventory Turnover Receivables Turnover Phoebe Corporation (2015) Industry Averages Phocbe is Better 55.0% 27.5% 3.3 % % 15.5 8.5 Select Financial Ratios What It Measures Eficiency of operations and product pricing Lisiency afher all expenses are considered Short-run debt-paying ability...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the W.W. Grainger Inc. balance sheet. 2015 $ 290,136 2014 $ 226,644 2013 $430,644 ..... As of December 31 ($ 000s) Cash and cash equivalents .... Accounts receivable (less allowances for doubtful accounts of $22,288, $22,121 and $20,096, respectively). Inventories-net.... Prepaid expenses and other assets...... Deferred income taxes.................... Prepaid income taxes....................... Total current assets............. 1,209,641 1,414,177 85,670 0 49,018 $3,048,642 1,172,924 1,356,396 102,669 61,387 47,529...
2.3 The Balance Sheet & Income Statement that follows summarizes the financial conditions for Microsoft Corporation....
2.3 The Balance Sheet & Income Statement that follows summarizes the financial conditions for Microsoft Corporation. Microsoft has reported a profit for several years running. Compute the various financial ratios and interpret the firm's financial health during fiscal-year 2018 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS In miions,except per share amount) Year Ended June 30 4,497 $63,811 67.336 23,818 Service and other 45,863 Total revenue 110 380 96,571 91,154 Cost of revenue 15,420 22,933 19.086 38.353 72,007 14,726...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) Cash and cash equivalents Marketable securities at cost, which approximate market value Accounts receivable (less allowances fordoubtful accounts of $25,830, $18,801 and $18,401, respectively Inventories, net Prepaid expenses and other assets Deferred income taxes Prepaid income taxes Total current assets 2007 $113,437 20,074 602,650 946,327 61,666 56,663 2006 $348,471 12,827 566,607 827,254...
The statement of cash flows reported bad debt expense for 2021 of $5 million. The summary of significant accounting policies included the following notes ($ in millions): Accounts Receivable (in part) The allowance for uncollectible accounts was $7 and $4 at December 31, 2021 and 2020, respectively. All sales are on credit. Inventories Inventories are valued at the lower of cost or market. The cost of the majority of inventories is measured using the last-in, first-out (LIFO) method. Other inventories...
5. Calculate the 2015 financial ratios for Phocbe Corporation rounded to the nearest tenth and put a checkmark in tbe row in which Phorbe's ratios are better than the industry average: Ratio Gross Profit Margin Net Profit Margin Current Ratio Inventory Turnover Receivables Turnover Phoebe Corporation (2015) Industry Averages Phocbe is Better 55.0% 27.5% 3.3 % % 15.5 8.5 Select Financial Ratios What It Measures Eficiency of operations and product pricing Lisiency afher all expenses are considered Short-run debt-paying ability...
P5-54. Interpreting Accounts Receivable and Related Footnote Disclosure Following is the current asset section from the W.W. Grainger Inc. balance sheet. 2015 $ 290,136 2014 $ 226,644 2013 $430,644 ..... As of December 31 ($ 000s) Cash and cash equivalents .... Accounts receivable (less allowances for doubtful accounts of $22,288, $22,121 and $20,096, respectively). Inventories-net.... Prepaid expenses and other assets...... Deferred income taxes.................... Prepaid income taxes....................... Total current assets............. 1,209,641 1,414,177 85,670 0 49,018 $3,048,642 1,172,924 1,356,396 102,669 61,387 47,529...
2.3 The Balance Sheet & Income Statement that follows summarizes the financial conditions for Microsoft Corporation. Microsoft has reported a profit for several years running. Compute the various financial ratios and interpret the firm's financial health during fiscal-year 2018 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS In miions,except per share amount) Year Ended June 30 4,497 $63,811 67.336 23,818 Service and other 45,863 Total revenue 110 380 96,571 91,154 Cost of revenue 15,420 22,933 19.086 38.353 72,007 14,726...
2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) Cash and cash equivalents Marketable securities at cost, which approximate market value Accounts receivable (less allowances fordoubtful accounts of $25,830, $18,801 and $18,401, respectively Inventories, net Prepaid expenses and other assets Deferred income taxes Prepaid income taxes Total current assets 2007 $113,437 20,074 602,650 946,327 61,666 56,663 2006 $348,471 12,827 566,607 827,254...
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