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What is AT&T’s current ratio for 2019? 2018?  Did it increase or decrease?  What does that tell you about AT&T’s ability to pay its short term debts? 2.               What was AT&T’s Profit Margin Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s investors want to know this? 3.               What was AT&T’s Debt Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s lenders want to know this?

What is AT&T’s current ratio for 2019? 2018?  Did it increase or decrease?  What does that tell you about AT&T’s ability to pay its short term debts? 2.               What was AT&T’s Profit Margin Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s investors want to know this? 3.               What was AT&T’s Debt Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s lenders want to know this?

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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1.               What is AT&T’s current ratio for 2019? 2018?  Did it increase or decrease?  What does that tell you about AT&T’s ability to pay its short term debts?

2.               What was AT&T’s Profit Margin Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s investors want to know this?

3.               What was AT&T’s Debt Ratio for 2019? 2018?  Did it increase or decrease?  Why would AT&T’s lenders want to know this?

Consolidated Statements of Income Dollars in millions except per share amounts 2019 2018 2017 Operating Revenues Service $163,499 17,694 $152.345 18,411 $145,597 14,949 Equipment Total operating revenues 181,193 170,756 160,546 Operating Expenses Cost of revenues 18,653 31,132 19,786 26.727 18.709 21.159 Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset abandonments and impairments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income (loss) of affiliates Other Income (expense)- net Total other income (expense) 34,356 39,422 1,458 28,217 32,906 36,765 46 37,942 35,465 2,914 24,387 28,430 153,238 144,660 140,576 27,955 26,096 19,970 (6,300) (128) 1,597 (4,831) 15,139 (14,708) (8,422) 9. (7,957) (48) 6,782 (1,071) (9,487) 18,468 3,493 14,975 (1,072) $ 13,903 (1,223) 24,873 4,920 Income Before Income Taxes Income tax (benefit) expense 19,953 29,847 Net Income (583) $ 19,370 (397) $ 29,450 Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock (3) $ 13,900 $ 19,370 $ 29,450 4.77 Baslc Earnings Per Share Attributable to Common Stock DIluted EarnIngs Per Share Attributable to Common Stock 1.90 1.89 2.85 2.85 2$ 24 4.76 The accompanying notes are an Integral part of the consolldated financlal statements.
Transcribed Image Text:Consolidated Statements of Income Dollars in millions except per share amounts 2019 2018 2017 Operating Revenues Service $163,499 17,694 $152.345 18,411 $145,597 14,949 Equipment Total operating revenues 181,193 170,756 160,546 Operating Expenses Cost of revenues 18,653 31,132 19,786 26.727 18.709 21.159 Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset abandonments and impairments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income (loss) of affiliates Other Income (expense)- net Total other income (expense) 34,356 39,422 1,458 28,217 32,906 36,765 46 37,942 35,465 2,914 24,387 28,430 153,238 144,660 140,576 27,955 26,096 19,970 (6,300) (128) 1,597 (4,831) 15,139 (14,708) (8,422) 9. (7,957) (48) 6,782 (1,071) (9,487) 18,468 3,493 14,975 (1,072) $ 13,903 (1,223) 24,873 4,920 Income Before Income Taxes Income tax (benefit) expense 19,953 29,847 Net Income (583) $ 19,370 (397) $ 29,450 Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock (3) $ 13,900 $ 19,370 $ 29,450 4.77 Baslc Earnings Per Share Attributable to Common Stock DIluted EarnIngs Per Share Attributable to Common Stock 1.90 1.89 2.85 2.85 2$ 24 4.76 The accompanying notes are an Integral part of the consolldated financlal statements.
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