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You will be working with the Income Statement and Balance Sheet of Dell Technologies, Inc. Determine the cash conversion cycle for Dell technology for the years 2020-2021

You will be working with the Income Statement and Balance Sheet of Dell Technologies, Inc. Determine the cash conversion cycle for Dell technology for the years 2020-2021

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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You will be working with the Income Statement and Balance Sheet of Dell Technologies, Inc. Determine the cash conversion cycle for Dell technology for the years 2020-2021
Efficiency Ratios Current assets: Cash and cash equivalents CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions Jan. 29, 2021 Jan. 31, 2020 Feb. 1, 2019 Accounts receivable, net of allowance of $104 and $94 (Note 20) Short-term financing receivables, net of allowance of $228 and $109 (Note 4) Inventories Other current assets Total current assets Dell - Balance Sheet Property, plant, and equipment, net Long-term investments Long-term financing receivables, net of allowance of $93 and $40 (Note 4) Goodwill Intangible assets, net Other non-current assets Total assets Current liabilities: Short-term debt Accounts payable Accrued and other Short-term deferred revenue Total current liabilities Long-term debt Long-term deferred revenue Other non-current liabilities Total liabilities Commitments and contingencies (Note 10) Redeemable shares (Note 17) Stockholders' equity (deficit): Common stock and capital in excess of $0.01 par value (Note 14) Treasury stock at cost Dell - Income Statement Accumulated deficit Accumulated other comprehensive loss Total Dell Technologies Inc. stockholders' equity (deficit) Non-controlling interests Total stockholders' equity Total liabilities, redeemable shares, and stockholders' equity $ 14,201 12,788 5,155 3,402 8,021 43,567 6,431 1,624 5,339 40,829 14,429 11,196 123,415 6,362 21,696 9,549 16,525 54,132 41,622 14,276 5,360 115,390 472 16,849 (305) (13,751) (314) 2,479 5,074 7,553 $ 123,415 $ 9,302 12,484 4,895 3,281 6,906 36,868 6,055 864 4,848 41,691 18,107 10,428 118,861 7,737 20,065 9,773 14,881 52,456 44,319 12,919 5,383 115,077 629 16,091 (65) (16,891) (709) (1,574) 4,729 3,155 $ 118,861 12,371 3,649 19,213 2021 2020 Average Average 12,636 3,342 12,428 3,465 20,881 19,639
Transcribed Image Text:Efficiency Ratios Current assets: Cash and cash equivalents CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions Jan. 29, 2021 Jan. 31, 2020 Feb. 1, 2019 Accounts receivable, net of allowance of $104 and $94 (Note 20) Short-term financing receivables, net of allowance of $228 and $109 (Note 4) Inventories Other current assets Total current assets Dell - Balance Sheet Property, plant, and equipment, net Long-term investments Long-term financing receivables, net of allowance of $93 and $40 (Note 4) Goodwill Intangible assets, net Other non-current assets Total assets Current liabilities: Short-term debt Accounts payable Accrued and other Short-term deferred revenue Total current liabilities Long-term debt Long-term deferred revenue Other non-current liabilities Total liabilities Commitments and contingencies (Note 10) Redeemable shares (Note 17) Stockholders' equity (deficit): Common stock and capital in excess of $0.01 par value (Note 14) Treasury stock at cost Dell - Income Statement Accumulated deficit Accumulated other comprehensive loss Total Dell Technologies Inc. stockholders' equity (deficit) Non-controlling interests Total stockholders' equity Total liabilities, redeemable shares, and stockholders' equity $ 14,201 12,788 5,155 3,402 8,021 43,567 6,431 1,624 5,339 40,829 14,429 11,196 123,415 6,362 21,696 9,549 16,525 54,132 41,622 14,276 5,360 115,390 472 16,849 (305) (13,751) (314) 2,479 5,074 7,553 $ 123,415 $ 9,302 12,484 4,895 3,281 6,906 36,868 6,055 864 4,848 41,691 18,107 10,428 118,861 7,737 20,065 9,773 14,881 52,456 44,319 12,919 5,383 115,077 629 16,091 (65) (16,891) (709) (1,574) 4,729 3,155 $ 118,861 12,371 3,649 19,213 2021 2020 Average Average 12,636 3,342 12,428 3,465 20,881 19,639
Efficiency Ratios CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Gross margin Operating expenses: Selling, general, and administrative Research and development Total operating expenses Operating income (loss) Interest and other, net Dell - Balance Sheet Income (loss) before income taxes Income tax expense (benefit) Net income Less: Net income (loss) attributable to non-controlling interests Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) Class V Common Stock Operating expenses: Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) DHI Group Operating expenses: Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) Products Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Services Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Dell - Income Statement 12 Months Ended Jan. 29, 2021 Jan. 31, 2020 Feb. 01, 2019 $94,224 64,807 29,417 18,998 5,275 24,273 5,144 (1,474) 3,670 165 3,505 255 $3,250 $4.37 $ 4.22 $ 69,911 55,347 24,313 $ 9,460 $ 92,154 63,221 28,933 21,319 4,992 26,311 2,622 (2,626) (4) (5,533) 5,529 913 $ 4,616 $6.38 $6.03 $ 69,918 54,525 22,236 $ 8,696 $ 90,621 65,568 25,053 20,640 4,604 25,244 (191) (2,170) (2,361) (180) (2,181) 129 (2,310) $ 1,195 $6.01 $5.91 $ (3,505) $ (6.02) $ (6.04) $ 70,707 57,889 19,914 $ 7,679
Transcribed Image Text:Efficiency Ratios CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Gross margin Operating expenses: Selling, general, and administrative Research and development Total operating expenses Operating income (loss) Interest and other, net Dell - Balance Sheet Income (loss) before income taxes Income tax expense (benefit) Net income Less: Net income (loss) attributable to non-controlling interests Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) Class V Common Stock Operating expenses: Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) DHI Group Operating expenses: Net income (loss) attributable to Dell Technologies Inc. Earnings (loss) per share attributable to Dell Technologies Inc. - basic: Earnings (loss) per share - basic (in dollars per share) Earnings (loss) per share attributable to Dell Technologies Inc. - diluted: Earnings (loss) per share - diluted (in dollars per share) Products Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Services Net revenue: Total net revenue Cost of net revenue: Total cost of net revenue Dell - Income Statement 12 Months Ended Jan. 29, 2021 Jan. 31, 2020 Feb. 01, 2019 $94,224 64,807 29,417 18,998 5,275 24,273 5,144 (1,474) 3,670 165 3,505 255 $3,250 $4.37 $ 4.22 $ 69,911 55,347 24,313 $ 9,460 $ 92,154 63,221 28,933 21,319 4,992 26,311 2,622 (2,626) (4) (5,533) 5,529 913 $ 4,616 $6.38 $6.03 $ 69,918 54,525 22,236 $ 8,696 $ 90,621 65,568 25,053 20,640 4,604 25,244 (191) (2,170) (2,361) (180) (2,181) 129 (2,310) $ 1,195 $6.01 $5.91 $ (3,505) $ (6.02) $ (6.04) $ 70,707 57,889 19,914 $ 7,679
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