need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times interest earned ratio. CURRENT ASSETS Cash and cash equivalents $ 5,910 $ 5,238 Marketable securities 406 503 Accounts receivable 10,888 9,645 Less: Allowance for credit losses (138) (93) Accounts receivable, net 10,750 9,552 Assets held for sale 1,197 0 Other current assets 1,953 1,810 Total Current Assets 20,216 17,103 Property, Plant and Equipment, Net 32,254 30,482 Operating Lease, Right-of-Use Asset 3,073 2,856 Goodwill 3,367 3,813 Intangible Assets, Net 2,274 2,167 Investments and Restricted Cash 25 24 Deferred Income Tax Assets 527 330 Other Non-Current Assets 672 1,082 Total Assets 62,408 57,857 Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases 2,623 3,420 Operating Lease, Liability, Current 560 538 Accounts payable 6,455 5,555 Accrued wages and withholdings 3,569 2,552 Self-insurance reserves 1,085 914 Accrued group welfare and retirement plan contributions 927 793 Liabilities to be disposed of 347 0 Other current liabilities 1,450 1,641 Total Current Liabilities 17,016 15,413 Long-Term Debt and Finance Leases 22,031 21,818 Operating Lease, Liability, Noncurrent 2,540 2,391 Pension and Postretirement Benefit Obligations 15,817 10,601 Deferred Income Tax Liabilities, Net 488 1,632 Other Non-Current Liabilities 3,847 2,719 Shareowners' Equity: Additional paid-in capital 865 150 Retained earnings 6,896 9,105 Accumulated other comprehensive loss (7,113) (5,997) Deferred compensation obligations 20 26 Less: Treasury stock (0.4 shares in 2020 and 2019) (20) (26) Total Equity for Controlling Interests 657 3,267 Noncontrolling Interests 12 16 Total Shareowners’ Equity 669 3,283 Total Liabilities and Shareowners’ Equity $ 62,408 $ 57,857 Treasury stock, shares 400,000 400,000 Common Class A [Member] Shareowners' Equity: Common stock $ 2 $ 2 Common Class A [Member] | Common Stock Shareowners' Equity: Total Equity for Controlling Interests $ 2 $ 2 Common stock, shares issued 147,000,000 156,000,000 Common Class B [Member] Shareowners' Equity: Common stock $ 7 $ 7 Common Class B [Member] | Common Stock Shareowners' Equity: Total Equity for Controlling Interests $ 7 $ 7 Common stock, shares issued 718,000,000 701,000,000

need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times interest earned ratio. CURRENT ASSETS Cash and cash equivalents $ 5,910 $ 5,238 Marketable securities 406 503 Accounts receivable 10,888 9,645 Less: Allowance for credit losses (138) (93) Accounts receivable, net 10,750 9,552 Assets held for sale 1,197 0 Other current assets 1,953 1,810 Total Current Assets 20,216 17,103 Property, Plant and Equipment, Net 32,254 30,482 Operating Lease, Right-of-Use Asset 3,073 2,856 Goodwill 3,367 3,813 Intangible Assets, Net 2,274 2,167 Investments and Restricted Cash 25 24 Deferred Income Tax Assets 527 330 Other Non-Current Assets 672 1,082 Total Assets 62,408 57,857 Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases 2,623 3,420 Operating Lease, Liability, Current 560 538 Accounts payable 6,455 5,555 Accrued wages and withholdings 3,569 2,552 Self-insurance reserves 1,085 914 Accrued group welfare and retirement plan contributions 927 793 Liabilities to be disposed of 347 0 Other current liabilities 1,450 1,641 Total Current Liabilities 17,016 15,413 Long-Term Debt and Finance Leases 22,031 21,818 Operating Lease, Liability, Noncurrent 2,540 2,391 Pension and Postretirement Benefit Obligations 15,817 10,601 Deferred Income Tax Liabilities, Net 488 1,632 Other Non-Current Liabilities 3,847 2,719 Shareowners' Equity: Additional paid-in capital 865 150 Retained earnings 6,896 9,105 Accumulated other comprehensive loss (7,113) (5,997) Deferred compensation obligations 20 26 Less: Treasury stock (0.4 shares in 2020 and 2019) (20) (26) Total Equity for Controlling Interests 657 3,267 Noncontrolling Interests 12 16 Total Shareowners’ Equity 669 3,283 Total Liabilities and Shareowners’ Equity $ 62,408 $ 57,857 Treasury stock, shares 400,000 400,000 Common Class A [Member] Shareowners' Equity: Common stock $ 2 $ 2 Common Class A [Member] | Common Stock Shareowners' Equity: Total Equity for Controlling Interests $ 2 $ 2 Common stock, shares issued 147,000,000 156,000,000 Common Class B [Member] Shareowners' Equity: Common stock $ 7 $ 7 Common Class B [Member] | Common Stock Shareowners' Equity: Total Equity for Controlling Interests $ 7 $ 7 Common stock, shares issued 718,000,000 701,000,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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Given the following balance sheet information: Liabilities Current Liabilities Accounts Payable Total Current Liabilities Long Term Liabilities Bank Loan Total Long Term Liabilities $46.684 $46,684 $231.240 $231,240 Owner's Equity: Calculate the Debt/Equity ratio. $540,022
We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000
XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio ? times…
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Intermediate Accounting: Reporting And Analysis

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CURRENT ASSETS
Cash and cash equivalents	$ 5,910	$ 5,238
Marketable securities	406	503
Accounts receivable	10,888	9,645
Less: Allowance for credit losses	(138)	(93)
Accounts receivable, net	10,750	9,552
Assets held for sale	1,197	0
Other current assets	1,953	1,810
Total Current Assets	20,216	17,103
Property, Plant and Equipment, Net	32,254	30,482
Operating Lease, Right-of-Use Asset	3,073	2,856
Goodwill	3,367	3,813
Intangible Assets, Net	2,274	2,167
Investments and Restricted Cash	25	24
Deferred Income Tax Assets	527	330
Other Non-Current Assets	672	1,082
Total Assets	62,408	57,857
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases	2,623	3,420
Operating Lease, Liability, Current	560	538
Accounts payable	6,455	5,555
Accrued wages and withholdings	3,569	2,552
Self-insurance reserves	1,085	914
Accrued group welfare and retirement plan contributions	927	793
Liabilities to be disposed of	347	0
Other current liabilities	1,450	1,641
Total Current Liabilities	17,016	15,413
Long-Term Debt and Finance Leases	22,031	21,818
Operating Lease, Liability, Noncurrent	2,540	2,391
Pension and Postretirement Benefit Obligations	15,817	10,601
Deferred Income Tax Liabilities, Net	488	1,632
Other Non-Current Liabilities	3,847	2,719
Shareowners' Equity:
Additional paid-in capital	865	150
Retained earnings	6,896	9,105
Accumulated other comprehensive loss	(7,113)	(5,997)
Deferred compensation obligations	20	26
Less: Treasury stock (0.4 shares in 2020 and 2019)	(20)	(26)
Total Equity for Controlling Interests	657	3,267
Noncontrolling Interests	12	16
Total Shareowners’ Equity	669	3,283
Total Liabilities and Shareowners’ Equity	$ 62,408	$ 57,857
Treasury stock, shares	400,000	400,000
Common Class A [Member]
Shareowners' Equity:
Common stock	$ 2	$ 2
Common Class A [Member] \| Common Stock
Shareowners' Equity:
Total Equity for Controlling Interests	$ 2	$ 2
Common stock, shares issued	147,000,000	156,000,000
Common Class B [Member]
Shareowners' Equity:
Common stock	$ 7	$ 7
Common Class B [Member] \| Common Stock
Shareowners' Equity:
Total Equity for Controlling Interests	$ 7	$ 7
Common stock, shares issued	718,000,000	701,000,000