Analyzing an Inventory Footnote Disclosure General Electric Company reports the following footnote in its 10-K report. December 31 (in millions) 2005 2004 Raw materials and work in process $ 5,527 Read more…

Applying and Analyzing Inventory Costing Methods At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $10. A summary of purchases Read more…

Using Inventory Analysis Tools AutoZone and O’Reilly are two competitors in the retail automotive parts industry. AutoZone O’Reilly Average 2015 Inventory $3,290,867 $2,602,901 2015 Sales 10,265,117 8,044,451 2015 Cost of Read more…

Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) 2012 2011 2010   Read more…

Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated Read more…

Identifying Operating Income Components Following is the Deere & Company income statement for 2015. a. Identify the components in its income statement that you would consider operating. Using the drop-down Read more…

Constructing and Assessing Income Statements Using Cost-to-Cost Method On March 15, 2012, Frankel Construction contracted to build a shopping center at a contract price of $120 million. The schedule of Read more…

Interpreting Foreign Translation Disclosure Procter & Gamble Company reports the following table in its 10-K report relating to the change in sales from 2015 to 2016.   Net Sales Change Read more…

Compute and Interpret Liquidity, Solvency and Coverage Ratios Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements. Income Statement Year Read more…

Compute and Interpret Altman’s Z-scores Following is selected financial information for ebay, for its fiscal years 2005 and 2006. (In millions, except per share data) 2006 2005 Current assets $ Read more…

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