Question

Sep. 29, 2019 Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Total short-term

Identify and share with your classmates the following information from your 10-K company’s balance sheet:

  • Total Investments in Current and Non-current Assets; if none, state that.
  • Nomenclature of those investments on the Balance Sheet
  • Calculate the percentage of current assets in which are Investments using Microsoft Excel. Your Excel spreadsheet should contain the source data used to do the calculations. Upload the spreadsheet to your discussion post.
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Answer #1
a Total Investments in Current and Non-current Assets
$ in millions
In Current Assets 70.5
In Non-Current Assets (Investment in equity shares of another company) 396
Total investment value 70.5+396 466.5
b Nomenclature of those investments on the Balance Sheet
Equity Investment is represented as Investment in another* company under Non Current assets whereas Short term investment is represented as Investment under Current Assets on Assets side.
c Calculate the percentage of current assets in which are Investments
Total Current Assets 5653.9
Short term Investment value 70.5
Total Percentage 70.5/5653.9*100 1.246927
Assuming that question is asking investment percentage only with related to investments under current assets only. By considering the values given in the question I have arrived the above calculation.
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