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(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio Working capital million By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor 9 WileyPLUS - Google SHOW SOLUTION LINK TO TEXT By cessing this Ouestion since you will learn while you earn points...
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Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places 1.25: 1. Enter working capita Current ratio 2019 2020 Working capital By accessing this Question Assistance, you will learn while you can points based on the potential pole set by your instructor 11-02 B a wer is incorrect train Sure that at the end of 2020. management wed 15
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Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
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Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,180 Accounts receivable, net 3,600 Inventories 2,738 Other current assets 1,932 Total current assets $11,450 Current liabilities $4,830 $1,836 3,180 3,019 1,590 $9,625 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital...
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Aint nobody got time for that!
Exercise 11-08 a-b Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions) 3M Company Balance Sheets (partial) 2020 2019 Current assets Cash and cash equivalents $3,200 $1,845 Accounts receivable, net 3,450 3,180 Inventories 2,639 3,042 Other current assets 1,872 1,549 Total current assets $9,616 $11,161 $4,853 $5,893 Current liabilities Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to...
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Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders' equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at...
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m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Accounts receivable Inventory Other current assets Total current assets Total current liabilities $30.0 19.0 27.0 24.0 $100.0 Compute workding capital and the current ratio. (For working caphisi, enter answer in milions. If ansver is negative enter it with a negative sign preceding the number e.g.-15.2 or in parentheses e.g. (15.2). Round Current Ratio to...
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2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
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Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 16,200 39,800 2021 $2,400 2,700 18,105 42,600 2022 $2,700 2,800 17,600 42,510 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio Working capital million By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor 9 WileyPLUS - Google SHOW SOLUTION LINK TO TEXT By cessing this Ouestion since you will learn while you earn points...
Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places 1.25: 1. Enter working capita Current ratio 2019 2020 Working capital By accessing this Question Assistance, you will learn while you can points based on the potential pole set by your instructor 11-02 B a wer is incorrect train Sure that at the end of 2020. management wed 15
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,180 Accounts receivable, net 3,600 Inventories 2,738 Other current assets 1,932 Total current assets $11,450 Current liabilities $4,830 $1,836 3,180 3,019 1,590 $9,625 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital...
Aint nobody got time for that!
Exercise 11-08 a-b Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions) 3M Company Balance Sheets (partial) 2020 2019 Current assets Cash and cash equivalents $3,200 $1,845 Accounts receivable, net 3,450 3,180 Inventories 2,639 3,042 Other current assets 1,872 1,549 Total current assets $9,616 $11,161 $4,853 $5,893 Current liabilities Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to...
Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders' equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Accounts receivable Inventory Other current assets Total current assets Total current liabilities $30.0 19.0 27.0 24.0 $100.0 Compute workding capital and the current ratio. (For working caphisi, enter answer in milions. If ansver is negative enter it with a negative sign preceding the number e.g.-15.2 or in parentheses e.g. (15.2). Round Current Ratio to...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 16,200 39,800 2021 $2,400 2,700 18,105 42,600 2022 $2,700 2,800 17,600 42,510 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory...