To complete the assignment, you will be using financial statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford Motor Company. I have extracted the portions of the 10K you will require for the assignment and posted the information
6. What is the funded status of all of Honeywell’s pension benefit plans in 2018 (US and Non US)? What amount of asset or liability should Honeywell report on its 2018 balance sheet?
funded status of all of Honeywell’s pension benefit plans in 2018 = US plans + Non US plans = 968+299 = $1267
Honeywell reports pension asset of $1267 on its 2018 balance sheet as the amount of pension assets is more than the amount of pension benefits.
To complete the assignment, you will be using financial statement excerpts from the 2018 10Ks of...
To complete the assignment, you will be using financial statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford Motor Company. I have extracted the portions of the 10K you will require for the assignment and posted the information 4. What is the difference between a defined benefit pension plan and defined contribution pension plan? Does your employer offer a pension plan, and if so, what type of plan is it? Excerpt from Ford Motor Company 2018 10K regarding...
To complete the assignment, you will be using financial statement excerpts from the 2018 10Ks of Delta, Honeywell, and Ford Motor Company. I have extracted the portions of the 10K you will require for the assignment and posted the information 2. What is the total amount of income taxes owed by Ford Motor Company in 2018? How much of the amount owed is due to federal, state & local and non-US government agencies? Excerpt from Ford Motor Company 2018 10K...
397 Analyzing and Interpreting Income Tax Disclosures The income tax footnote to the 2018 financial statements for Boeing follows. The components of income before tax were: Years ended December 31 ($ millions) 2018 2017 2016 U.S. $11,166 $9,660 $5,386 Non-U.S. 438 447 Total $11,604 $10,107 $5,783 Income tax expense/(benefit) consisted of the following: Years ended December 31 ($ millions) 2018 2017 2016 Current tax expense U.S. federal $1,873 $1,276 $1,193 Non-U.S. $169 $149 $133 U.S. State 15 Total current $2,139...
Create the journal entries that resulted in the financial statement information presented. Using the information from the Balance Sheet and Income Statement of Abercrombie & Fitch for the most current year, complete the following: 1. Assume that net sales were 40% cash sales, 50% on account, and 10% were from prepaid sales. Make one compound journal entry to record net sales for the year ended February 3, 2018. Date Accounts Debit Credit 2. Using the ending inventory balances from 1/28/17...
look at kroger company's most current two years: 1. Compute the current and quick ratios. 2. Compute the total liabilities to equity and long-term debt to equity ratios. 3. Compute the times interest earned ratios. 4. Summarize your findings in a conclusion about your company's credit risk. THE KROGER CO. CONSOLIDATED BALANCE SHEETS February 1, February 2019 5 422 399 1,179 (Inmens, wept paramos) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve...
What is the asset utilization for 2017 and 2018? 1 Annual Financials for Microsoft Corp. 2 Fiscal year is July-June. All values USD millions. Income Statement 2017 Sales Revenue 96.02 6 Cost of Goods Sold (COGS) incl. D&A 34.62 7 COGS excluding D&A 26.77 8 Depreciation & Amortization Expense 7.86 Depreciation 6.1 10 Amortization of Intangibles 1.76 Gross Income 61.4 2018 110.18 38.97 29.02 9.95 7.7 2.25 71.21 Fiscal year is October September. All values USD millions. Balance Sheet Assets...
Compute the Financial Ratios listed compute for the year 2018 2.2 The Income Statement (Summary of Operating Results)/ Balance Sheet & Cash Flow Statements that follow summarizes the financial conditions for JC Penny. JC Penny has had difficulty remaining financially viable these past several years. Compute the various financial ratios (as listed) and interpret the firm's financial health over the quarter shown. (a) Compute Current Assets (b) Compute Current Liabilities (c) Debt Ratio (d) Times-Interest earned ratio (e) Current Ratio...
In this assignment we are re-creating the journal entries that resulted in the financial statement information presented. Using the information from the Balance Sheet and Income Statement of Abercrombie & Fitch for the most current year, complete the following: 1. Assume that net sales were 40% cash sales, 50% on account, and 10% were from prepaid sales Make one compound journal entry to record net sales for the year ended February 3, 2018 (3 points). Accounts Debit Credit 2. Using...
3. Using the attached excerpts from Coca Cola's 2018 Annual Report (financial statements and Note 8: Property, Plant, and Equipment) answer the following questions. In addition: - All numbers are in Smillions (except per share data). - Provide calculations when necessary. a. Long-term Assets i) ii) iii) What is the total value of Coca Cola's long-term assets as of December 31, 2018? What is the net book value (NBV) of Coca Cola's property, plant and equipment as of December 31,...
calculate the following financial indicators Current Ratio Debt/Equity Ratio Free Cash Flow Earnings per Share Price/Earnings Ratio Return on Equity Net Profit Margin As Reported Annual Income Statement Report Date Currency Audit Status Consolidated Scale Net product sales Net services sales Total net sales Cost of sales Fulfillment expenses Marketing expenses Technology & content expenses General & administrative expenses Other operating expense (income), net Total operating expenses & costs Income from operations Interest income Interest expense...