Homework Help is Here – Start Your Trial Now!
Business
Finance
What is average payment period using balance sheet below? BALANCE SHEET   INCOME STATEMENT ($ in millions)   ($ in millions)               ASSETS     LIABILITIES     Revenue  28,681.10  Cash & Marketable Securities  449.90

What is average payment period using balance sheet below? BALANCE SHEET   INCOME STATEMENT ($ in millions)   ($ in millions)               ASSETS     LIABILITIES     Revenue  28,681.10  Cash & Marketable Securities  449.90

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

What is average payment period using balance sheet below?

BALANCE SHEET   INCOME STATEMENT
($ in millions)   ($ in millions)
             
ASSETS     LIABILITIES     Revenue  28,681.10 
Cash & Marketable Securities  449.90    Accounts Payable  1,611.20    Cost Of Goods Sold  20,768.80 
Accounts Receivable  954.80    Salaries Payable  225.20      Gross Profit  7,912.30 
Inventories  3,645.20    Other Current Liabilities  1,118.80       
Other Current Assets  116.60    Total Current Liabilities  2,955.20    Operating Expenses:  
  Total Current Assets  5,166.50        Selling, General & Admin.  5,980.80 
      Other Liabilities  693.40    Depreciation  307.30 
Machinery & Equipment  1,688.90          Operating income  1,624.20 
Land  1,129.70      Total Liabilities  3,648.60       
Buildings  2,348.40        Interest  -   
Depreciation  (575.60)   SHAREHOLDER'S EQUITY     Other Expense (Income)  (13.10)
Property, Plant & Equip. - Net  4,591.40    Common Stock  828.50      Income Before Taxes  1,637.30 
Other Long Term Assets  120.90    Retained Earnings  5,401.70    Income Taxes  618.10 
  Total Long-Term Assets  4,712.30      Total Shareholder's Equity  6,230.20    Net Income  1,019.20 
             
Total Assets  9,878.80    Total Liabilities & Equity  9,878.80       
          Number of Common Stock  
             Shares Outstanding  1,032,271 
             
             
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Personal Financial Statements
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