Question

show work as necessary and please be neat

14. In 2016, Nordstrom, Inc. reported the following (in millions): Current Assets Current Llabilities Long-term Liabilities $3,959 Equity $870 $3,242 $3.020 What amount did Nordstrom report as total assets? A) $ 4,616 million B) $ 3,950 million C) $ 7,307 million D) $13,170 million E) None of the above 15. In its fiscal 2016 annual report, Nike, Inc. reported cash of $3,138 million at year end. The statement of cash flows reports the following (in millions): Net cash from operating activities Net cash from investing activities Net cash from financing activities $3,096 (1,034) (2,776) What was the balance in Nike's cash account at the start of fiscal 2016? A) $3,096 million B) $1,020 million C) $3,852 million D) $4,357 million E) None of the above 16. Sales on account would produce what effect on the balance sheet? A) Increase the Revenue account B) Increase noncash assets (Accounts receivable) C) Increase cash assets D) A and B E) A, B and C 17. The 2016 financial statements of The New York Times Company reveal average shareholders' equity attributable to controlling interest of $837.283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to The New York Times Company of $29,068 thousand, and average net operating assets of $354,414 thousand. The company's return on equity (ROE) for the year is: A) 3.5% B) 13.8% C) 6.9% D) 14.3% E) There is not enough information to calculate the ratio

Answer 1

Anxoen Page.No O Tobal assels 14 Total liabilities + Equily Total assets Equily = $ 870 milion Current assets - $ 3242 million Cuvient liabilities $ 3029 million Longberm liabilibies $ 3959 million Tobal liabilities Caorent liabilibi es + Long term liabilibies $3039 + $3959) rmillion $ 6988 million "Tobal liabilibies + Eguity Tobal assels $ 840 ) million $ 6988 + $ 4858 million Total assets = $ 4868 million .. The Option E is comre ct answers E; None of the above.

Page. Balance in Neke's cash account at the stant fiscal 2016 Cash at the end of $ 3138 million year Neb cash from Operating activities - $ 3096 million Net cash frem fivesking = (4 10 34)million activities s - (ta40)«filbon financing acbivibtes Net cash from (#2746) million the yran - (309c -1034 - 34*0) million change in cash during your ($ 14) million roillion change in cash during dhe 414 million year Cash at end of the year year + change the Cash ad begianing g the in cash duwring yoy Carh at beginning g the $ 3138 million 14 million goon Carsh at beginning g the year = (3138 + 714) million $ 3850 million ,' , Balance in Nike's cash account ab the ofant of fiscal 2016 $3862 million .. Option s Correct answen

NO (16 Sales on account coould produce what ebbect on balance sheet ? Revenue is does not appean the balance sheeb - on decrease En Frovenbory n case f sovice orevenue there is no .', Option B is correct answer hon cash assets (Accounts oiecei vable) Incorease (17 Return on eguily (ROE) for the you yea $ 4803a thousard let income attoribotable t leuw Yosk. dimes company = $ 29068 thasal Met operating profit abber tax Averoge net. operating asch Averoge shaeholdens eguily $354,414 thouoand equily $ 8 34,283 fousand Retr n Net income altibotable to Neuw Yorka times company equili (ROE) Average sharchofders eguity 2 9068 thousand 834,a83 thou sand

Paga. NO 3.5 % equila (ROE) for dhe Company's vetirn on 3.5%. yoar Correct answey