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Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) 700.4 Prepaid expenses & other asset 98.6 337 1,096.0 Total current assets 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 291.8 140.3 28.1 Total assets 6769.1 Pretax 1,613.0 Таxes 580.7 Net Income 1,032.3 A. Company #1 is a: Service Organization Company #2 is a: В. Merchandising Organization Company #3 is a: C. Manufacturing Organization

Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) 700.4 Prepaid expenses & other asset 98.6 337 1,096.0 Total current assets 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 291.8 140.3 28.1 Total assets 6769.1 Pretax 1,613.0 Таxes 580.7 Net Income 1,032.3 A. Company #1 is a: Service Organization Company #2 is a: В. Merchandising Organization Company #3 is a: C. Manufacturing Organization

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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* Question Completion Status: (in thousands) Cash and equivalents 24 11,543 Sales $ 3,216,807 Receivables - net 789,741 COGS 2,606,087 Inventories net 159,980 Gross Profit 610,720 Operating Expenses: Research & Development Selling General & Administrative Other current assets 129,651 Total current assets 1,090,915 51,506 82,038 150,027 Property, Plant & Equip. at cost less accumulated depreciation 992,785 283,571 Total Operating Expense Operating Income (EBIT) Interest (net) (545,264) PP&E - net 447,521 327,149 Goodwill 1,163,186 (99,592) Pension assets 81,964 Pretax 227,557 Other assets 180,679 Тахes 73,271 Total Assets $2,964,265 Net Income 154.286 Company #2 (in millions) Current assets: Sales 7,477.7 Cash 729.4 COGS 1,772.0 Accounts receivable (net) 1468.7 Gross Profit 5,705.7 Inventories: Operating Expenses: Research & Development Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) Finished goods Work in process 413.3 974.4 502.1 3,066.0 Raw materials 178.1 4,040.4 Total inventories 1093.5 1,665.3 Prepaid expenses & other asset 537.6 61.9 Total current assets 3829.2 Pretax 1,727.2 Property, plant & equip. (net) Goodwill & other intangibles 2632.5 Тахes 621.8 1357.4 Net Income 1,105.4 Total assets 7819.1
Transcribed Image Text:* Question Completion Status: (in thousands) Cash and equivalents 24 11,543 Sales $ 3,216,807 Receivables - net 789,741 COGS 2,606,087 Inventories net 159,980 Gross Profit 610,720 Operating Expenses: Research & Development Selling General & Administrative Other current assets 129,651 Total current assets 1,090,915 51,506 82,038 150,027 Property, Plant & Equip. at cost less accumulated depreciation 992,785 283,571 Total Operating Expense Operating Income (EBIT) Interest (net) (545,264) PP&E - net 447,521 327,149 Goodwill 1,163,186 (99,592) Pension assets 81,964 Pretax 227,557 Other assets 180,679 Тахes 73,271 Total Assets $2,964,265 Net Income 154.286 Company #2 (in millions) Current assets: Sales 7,477.7 Cash 729.4 COGS 1,772.0 Accounts receivable (net) 1468.7 Gross Profit 5,705.7 Inventories: Operating Expenses: Research & Development Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) Finished goods Work in process 413.3 974.4 502.1 3,066.0 Raw materials 178.1 4,040.4 Total inventories 1093.5 1,665.3 Prepaid expenses & other asset 537.6 61.9 Total current assets 3829.2 Pretax 1,727.2 Property, plant & equip. (net) Goodwill & other intangibles 2632.5 Тахes 621.8 1357.4 Net Income 1,105.4 Total assets 7819.1
Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) 700.4 Prepaid expenses & other asset Total current assets Selling general & admin. Total Operating Expense Operating Income (EBIT) 98.6 337 1,096.0 6291.8 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 140.3 Interest (net) 28.1 Total assets 6769.1 Pretax 1,613.0 Тахes 580.7 Net Income 1,032.3 Company #1 is a: A. Service Organization v Company #2 is a: В. Merchandising Organization - v Company #3 is a: С. Manufacturing Organization QUESTION 4
Transcribed Image Text:Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) 700.4 Prepaid expenses & other asset Total current assets Selling general & admin. Total Operating Expense Operating Income (EBIT) 98.6 337 1,096.0 6291.8 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 140.3 Interest (net) 28.1 Total assets 6769.1 Pretax 1,613.0 Тахes 580.7 Net Income 1,032.3 Company #1 is a: A. Service Organization v Company #2 is a: В. Merchandising Organization - v Company #3 is a: С. Manufacturing Organization QUESTION 4
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