Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
How to calculate Net Operating Asset from this

Transcribed Image Text:At December 31
2015
2014
Cash and cash equivalents
$
1,798
$ 1,897
Marketable securities-current
118
1,439
4,154
3,518
Accounts receivable, net
4,238
Inventories
3,706
Other current assets
1,398
1,023
Total current assets
10,986
12,303
Marketable securities-noncurrent
126
117
Property, plant and equipment-net
8,515
8,489
7,050
1,435
Goodwill
9,249
Intangible assets–net
2,601
Prepaid pension benefits
188
46
Other assets
1,053
1,769
Total assets
$ 32,718
$ 31.209
Short-term debt & current portion of LT debt
$ 2,044
$
106
Accounts payable
Accrued payroll
1,694
1,807
644
732
Accrued income taxes
332
435
Other current liabilities
2,404
2,884
Total current liabilities
7,118
5,964
Long-term debt
8,753
3,520
6,705
Pension and postretirement benefits
3,843
Other liabilities
1,580
1,555
Total liabilities
20,971
18,067
3M Company shareholders' equity:
Common stock
9
9
Additional paid-in capital
Retained earnings
4,791
4,379
36,575
34,317
Treasury stock
(23,308)
(19,307)
Accumulated other comprehensive loss
(6,359)
(6,289)
Total 3M Company shareholders' equity
11,708
13,109
Noncontrolling interest
Total equity
39
33
11,747
13,142
Total liabilities and equity
$ 32,718
$ 31,209
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