The 2007 annual report for Anglo American PLC, the world's leading global mining company, shows that the firm had $34.042 billion in non-current assets and $9.962 billion in current assets. It reported $11.480 billion in current liabilities and $8.665 billion in non-current liabilities. How much was the equity of Anglo American PLC worth?
Q: Saxophone Enterprises Co (Saxophone) has been trading for 15 years selling insurance and has…
A: Key referencesCadbury Report. (1992). Report of the Committee on the Financial Aspects of Corporate…
Q: Chapter 2 introduces you to the foundational principles and qualitative characteristics of…
A: Revenue recognition principle: This principle dictates that revenue should be recognized when it is…
Q: Need Answer please provide Solutions
A: Step 1: Definition of Asset Efficiency:Asset efficiency refers to measuring the capacity of assets…
Q: Please give me correct answer
A: 1. Understand the ProblemBrian has a loan he's paying off in equal increments over 8 years. The…
Q: Business 123 Introduction to Investments MasterCard, Costco, or AMD, would one invest in any of…
A: MasterCard MA: Deep Dive into the Stock of a Financial Powerhouse MasterCard is one of the leading…
Q: President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was…
A: The problem is asking us to calculate the present value of the note payable that President Company…
Q: Need help
A: The problem involves the determination of the total amount of the mortgage. A mortgage is a loan…
Q: Not use ai please don't
A: Step 1: Introduction to the High-Low MethodTo determine the cost formula in the high-low method,…
Q: Need experts solution only, Don't use AI.
A: Scenario Recap:Drew owns an onion packing plant and is considering two options for bagging and…
Q: Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following…
A: 1) No clear question2) Deposits in transit, April 30For the deposits in transit, we compare the…
Q: General Accounting 4 marks
A: To calculate the ending inventory using the FIFO (First-In, First-Out) method, we assume that the…
Q: Hello Expert Please Provide answer
A: The Return on Assets (ROA) is calculated using the formula: ROA=Total AssetsNet Income×100 Given:•…
Q: Problem 2-13 (AICPA Adapted) Petite Company reported the following current assets on December 31,…
A: Cash (3,500,000 + 500,000)= 4,000,000Accounts Receivable=…
Q: Please give me correct answer
A: Procter & Gamble (P&G) We are given the following information:Total assets: $118.3…
Q: None
A: Step 1: Define EquityEquity is the amount invested by the shareholders of a company. Equity is an…
Q: Question 6 Not complete Marked out of 7.14 Flag question eBook Print Preparation of fund financial…
A: Part 2: Explanation Step 1: Prepare the Governmental Funds Balance Sheet- Identify the assets,…
Q: Not use ai please don't
A: Step 1: Introduction to the High-Low MethodThe high-low method is the cost-splitting method which is…
Q: Hello tutor give correct answer
A: Step 1: Introduction to the Stockholder's EquityThe corporation's equity is called stockholder's…
Q: Trotman’s Variety Store is completing the accounting process for the current year just ended,…
A: TransactionGeneral JournalDebitCredita.Wages expense$3,300 Wages payable $3,300 To record the…
Q: Help!
A: Detailed explanation:a. Increase in asset, cash, $ 16200. Increase in revenue 16200 b. Increase in…
Q: 2 3 Problem 3- Enter the appropriate amounts in the yellow boxes to calculate Part 1 Tax Payable.…
A: I cannot directly interact with the Excel file you uploaded, but I can guide you through the steps…
Q: 8
A: Step 1: Define Bank Reconciliation:Bank reconciliation is a schedule that prepares by the company to…
Q: Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Provide Correct option from Given
A: The cost of goods sold (COGS) must be ascertained first, and then deducted from sales in order to…
Q: please provide correct answers. i will upvote.
A: The Net Present Value (NPV) of an investment is computed in the table while taking tax consequences…
Q: None
A: To calculate the Bad Debt Expense using the aging approach, we multiply each category of accounts…
Q: Don't Use Ai
A: Step 1: Define Contribution Margin:The contribution margin is the surplus of the selling price over…
Q: Hi expart Provide correct answer
A: Step 1: Define Units CompletedUnits completed refers to the units of products that have gone through…
Q: Toshiba Corporation acquired office equipment worth ¥2,400,000 on April 1, 2023, with an estimated…
A: Detailed explanation: Toshiba Corporation : Date of Purchase of Equipment was April 1, 2023.Cost of…
Q: ??
A: Step 1: Understanding the DataStep 2: Calculate Cost of Goods Sold (COGS) Using LIFOStep 3:…
Q: answer must be in table format or i will give down vote
A: No other explanation. Please refer to the answer above.
Q: General accounting
A: Answer to Question 1:Journal entry in the books of XYZ corporation to record initial purchase of…
Q: ?? Ans
A: 1Cash proceeds of the sale 125,000 Less: Book value of the truck 117,000 Gain on…
Q: Please Help me
A: Step 1:To calculate the share price after the stock repurchase, we can use the following…
Q: Journalize the tRansactions
A: July 1: Stockholders invested $50,000 cash in exchange for common stock.Step 1: The company receives…
Q: Provide solution
A: Step 1: Define Stock WarrantsCorporations issue stock warrants that give the investors the right to…
Q: None
A: To determine the long-term debt of Teakap, Inc., we need to use the accounting equation: Total…
Q: Don't use Ai and chatgpt. Answer in step by step with explanation and calculation.
A: we have to compare the first amount paid for the bonds and book value then we get the loss but here…
Q: Bubble Tea Corporation operates several stores in Ontario (Toronto, Mississauga, Oakville, Barrie…
A: 1.Loss from operation for the year 2020 -283,500Reduction in the asset (note 1)-600,000Estimated…
Q: Question 1: Fill in the blanks Sales $87,000 Cost of Goods Sold (COGS) $28,000 Other Expenses…
A: Gross income is calculated by subtracting the Cost of Goods Sold (COGS) from the Sales. In this…
Q: Answer
A: Answer 1:Gross profit is determined by subtracting the cost of sales or cost of goods sold from the…
Q: Answer in step by step with explanation. Don't use Ai and chatgpt please
A: Step 1:The liability reported on the balance sheet as of the purchase date after the initial payment…
Q: answer must be correct or i will give down vote
A: Calculation of Present Value for #1-2:PV = FV/(1+r)^nwhere:FV = 30,700r = .11n = 1 yearPV =…
Q: Don't use AI.
A: Calculation of Cost per unit:Particulars TravelSportsProTotalUnits ProducedA…
Q: Answer Provide with option
A: Step 1: Definition of Interest Payable:Interest payable is a liability account used to record…
Q: The following amounts have been taken from the recent financial statements for Merema Industries:…
A: To calculate the operating cash flow to current liabilities ratio, use this formula: Operating Cash…
Q: Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and…
A: Let's break down the solution step by step for each of the requirements in the question, based on…
Q: In Mordica Company, total material costs are $34,500, and total conversion costs are $54,500.…
A: a. Computing Unit CostsUnit cost for materials: Total material costs / Equivalent units of…
Q: Oct 17. Oct 30. Oct 30. Paid cash for supplies, $212,000. Nov 24. Nov 25. Nov 27. Recorded cash from…
A: Opening Journal EntriesDateAccountDebit ($)Credit ($)NarrationJan 1Cash1,200,500 Balances brought…
Q: hsl
A: Part 2: Explanation: Step 1: Record sales revenue in US dollars The company recognizes $56,880 in…
None
Step by step
Solved in 2 steps
- For its fiscal year ending on June 30, 2018, Microsoft reported net income of $12.96 billion from sales of $112.97 billion. The company also reported total assets of $245.56 billion. a. Calculate Microsoft's total asset turnover and its net profit margin. b. Find the company's ROA, ROE, and book value per share, given that it has a total net stockolders' equity of $75.89 billion and 6.86 billion shares of common stock outstanding. a. Microsoft's total asset turnover is (Round to two decimal places.)Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.7 billion, and total debt of $108.9 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.)
- In December 2018, General Electric (GE) had a book value of equity of $51.4 billion, 8.6 billion shares outstanding, and a market price of $8.09 per share. GE also had cash of $69.3 billion, and total debt of $109.6 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value?In December 2018, General Electric (GE) had a book value of equity of $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of $69.9 billion, and total debt of $109.5 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.) What was GE's market-to-book ratio? GE's market-to-book ratio was enter your response here . (Round to two decimal places.) Part 3 b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was enter your response here . (Round to two decimal places.) Part 4 What was GE's market debt-equity ratio? GE's market debt-equity ratio was enter your response here . (Round to two decimal places.) c. What was GE's enterprise…Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $50,000 million in 2020 Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.
- In December 2015, General Electric (GE) had a book value of equity of $98.7 billion, 9.1 billion shares outstanding, and a market price of $33.62 per share. GE also had cash of $103.3 billion, and total debt of $2011 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $billion. (Round to one decimal place.) What was GE's market-to-book ratio? GE's market-to-book ratio was (Round to two decimal places) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was What was GE's market debt-equity ratio? GE's market debt-equity ratio was (Round to two decimal places.) (Round to two decimal places)In December 2015, General Electric (GE) had a book value of equity of $98.7 billion, 9.5 billion shares outstanding. and a market price of $29.78 per share. GE also had cash of $101.6 billion, and total debt of $196.1 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $ billion. (Round to one decimal place.)Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Perrigo's enterprise value is closest to: A) $952.16 million B) $3,580.14 million C) $4,168.06 million D) $4,425.15 million
- McDonald’s Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion.What is the company’s asset turnover? (Round answer to 2 decimal places, e.g. 15.25.)In December 2015, General Electric (GE) had a book value of equity of $98 billion, 9.4 billion shares outstanding, and a market price of $31 per share. GE also had cash of $102 billion, and total debt of $199 billion. a. What was GE’s market capitalization? What was GE’s market-to-book ratio? b. What was GE’s book debt-equity ratio? What was GE’s market debt-equity ratio? c. What was GE’s enterprise value? Some balance sheet information is shown below (all values in millions of dollars)Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Perrigo's market capitalization is closest to: A) $952.16 million B) $3,580.14 million C) $4,168.06 million D) $4,425.15 million