Question

2016 2017 $ 65,058 32,535 18,568 $ 65,299 32,909 18,949 13,441 579 182 Amounts in millions except per share amounts; Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation charge OPERATING INCOME Interest expense Interest income Other non-operating income/(expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE BASIC NET EARNINGS PER COMMON SHARE:(1) Earnings from continuing operations Earnings/(loss) from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE:1 () Earnings from continuing operations Earnings/(loss) from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE 13,955 465 171 (404) 13,257 3,063 10,194 5,217 15,411 2015 $ 70,749 37,056 20,616 2,028 11,049 626 149 440 11,012 2,725 8,287 (1,143) 7,144 108 $ 7,036 325 13,369 3,342 10,027 577 10,604 96 $ 10,508 85 $ 15,326 $ $ $ 3.79 2.01 5.80 3:59 0.21 3.80 2.92 (0.42) 2.50 $ $ $ $ 3.69 $ $ 3.49 0.20 1.90 2.84 (0.40) 2.44 2.59 $ $ 3.69 $ 5:59 2.70 $ $ 2.66 $ (1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. Consolidated Statements of Comprehensive Income Amounts in millions; Years ended June 30 2017 2016 2015

Answer 1

1)

• CURRENT CASH DEBT COVERAGE RATIO (2017)
  = Operating Cash Flows / Average of current liabilities
  = 12,753 / (30,210/30,770)2
  = 12,753 / 30,490
  = 0.418 times.
• CASH DEBT COVERAGE RATIO (2017)
  = Opertaing Cash Flows / Total Liabilities
  = 12,753 / 30,210
  = 0.422 times.
• FREE CASH FLOW (2017)
  = Cash flow from Operating Activities - Capital Expenditure Incurred
  = 12,753 - 3,384
  = 9,369

2)

Particulars	Working	2017	2016
cash provided in operating activities	Given	12,753	15,435
cash used in investing activities	Given	5,689	5,575
cash used in financing activities	Given	8,568	9,213

3)

Particulars	Amount	%
Net Cash provided by operating Activities (2015-16)	14,608 - 15,435 = 827	5.67% (827/14608)*100
Net Cash provided by operating Activities (2016-17)	15,435 - 12,753 = (2682)	-17.37% ((2682) / 15435)*100

4)

Particulars	June 30, 2017	June 30, 2016
Working Capital (Current Assets - Current Liabilities)	26,494 - 30,210 = -3,716	33,782 - 30,770 = 3,012