Homework Help is Here – Start Your Trial Now!
Business
Finance
How to calculate Net Operating Asset

How to calculate Net Operating Asset

Essentials Of Investments
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
See similar textbooks
icon
Related questions
Question

How to calculate Net Operating Asset from this balance sheet for fiscal year-end 2015 .

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
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Intangible assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS