ACCT 2000 Chapter : Classified Balance Sheet
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Complete the balance sheet: Current Liabilities: CURRENT LIABILITIES | 2014 | 2015 | |
Accounts payable | $63,400.00 | ||
Interest payable | $67,300.00 | $60,989.00 | |
Taxes payable | $52,300.00 | $57,713.00 | |
Notes, short-term (due within 12 months) | $61,200.00 | $57,877.00 | |
Current part, long-term debt | $13,509.00 | ||
Other current liabilities | $80,500.00 | $83,988.00 | |
| $335,300.00 | $335,345.00 | |
LONG-TERM DEBT | 2014 | 2015 | |
Bank loans payable | $29,900.00 | $36,489.00 | |
Notes payable to stockholders | $63,899.00 | ||
LESS: Short-term portion | -$29,300.00 | -$34,576.00 | |
Other long-term debt | $90,500.00 | $92,228.00 | |
TOTAL LONG-TERM DEBT | $163,000.00 | ||
| $498,300.00 | $493,385.00 | |
STOCKHOLDER'S EQUITY | |||
OWNERS' EQUITY | 2014 | 2015 | |
Invested capital | $63,000.00 | $59,666.00 | |
Retained earnings - beginning | $26,500.00 | $35,963.00 | |
Retained earnings - current | |||
TOTAL OWNERS' EQUITY | $337,500.00 | ||
TOTAL LIABILITIES AND EQUITY | $835,800.00 | $895,700.00 |
Below you will find selected information (in millions) fromCoca-Cola Co.âs 2012 Annual Report.
Income Taxes Payable | $471 |
Short-term Investments and Marketable Securities | 8,109 |
Cash | 8,442 |
Other non-current Liabilities | 10,449 |
Common Stock | 1,760 |
Receivables | 4,812 |
Other Current Assets | 2,973 |
Long-term Investments | 10,448 |
Other Non-current Assets | 3,585 |
Property, Plant and Equipment | 23,486 |
Trademarks | 6,527 |
Other Intangible Assets | 20,810 |
Allowance for Doubtful Accounts | 53 |
Accumulated Depreciation | 9,010 |
Accounts Payable | 8,680 |
Short Term Notes Payable | 17,874 |
Prepaid Expenses | 2,781 |
Other Current Liabilities | 796 |
Long-Term Liabilities | 14,736 |
Paid-in-Capital in Excess of Par Value | 11,379 |
Retained Earnings | 55,038 |
Inventories | 3,264 |
Treasury Stock | 35,009 |
Other information taken from the Annual Report.
Sales Revenue for 2012 | $48,017 |
Cost of Goods Sold for 2012 | 19,053 |
Net Income for 2012 | 9,019 |
Inventory Balance on 12/31/11 | 3,092 |
Net Accounts Receivable Balance on 12/31/11 | 4,920 |
Total Assets on 12/31/11 | 79,974 |
Equity Balance on 12/31/11 | 31,921 |
Required: 1: Using the information provided prepare a BalanceSheet. Separate the current assets from non-current assets andprovide a total for each. Also, separate the current liabilitiesfrom the non-current liabilities and provide a total for each.
Below you will find selected information (in millions) fromCoca-Cola Co.âs 2012 Annual Report.
Income Taxes Payable | $471 |
Short-term Investments and Marketable Securities | 8,109 |
Cash | 8,442 |
Other non-current Liabilities | 10,449 |
Common Stock | 1,760 |
Receivables | 4,812 |
Other Current Assets | 2,973 |
Long-term Investments | 10,448 |
Other Non-current Assets | 3,585 |
Property, Plant and Equipment | 23,486 |
Trademarks | 6,527 |
Other Intangible Assets | 20,810 |
Allowance for Doubtful Accounts | 53 |
Accumulated Depreciation | 9,010 |
Accounts Payable | 8,680 |
Short Term Notes Payable | 17,874 |
Prepaid Expenses | 2,781 |
Other Current Liabilities | 796 |
Long-Term Liabilities | 14,736 |
Paid-in-Capital in Excess of Par Value | 11,379 |
Retained Earnings | 55,038 |
Inventories | 3,264 |
Treasury Stock | 35,009 |
Other information taken from the Annual Report.
Sales Revenue for 2012 | $48,017 |
Cost of Goods Sold for 2012 | 19,053 |
Net Income for 2012 | 9,019 |
Inventory Balance on 12/31/11 | 3,092 |
Net Accounts Receivable Balance on 12/31/11 | 4,920 |
Total Assets on 12/31/11 | 79,974 |
Equity Balance on 12/31/11 | 31,921 |
Required: 1: Using the information provided prepare a BalanceSheet. Separate the current assets from non-current assets andprovide a total for each. Also, separate the current liabilitiesfrom the non-current liabilities and provide a total foreach.
2: Using the Balance Sheet from your answer above, calculate theCurrent Ratio and Return on common stockholdersâ equity.