CONSOUDATED BALANCE SHEETS Common-SIz Trend Analysis December 31, (In millions, except par value amounts) ASSETS 2021 2020 2020-2021 2021 2020 S Change % Change (Percent of Total Assets) CURRENT ASSETS: 600 333 Cash and Equivalents 23 44 Marketable Securities 230 444 Receivables 690 888 Inventories Other Current Assets 575 444 TOTAL CURRENT ASSETS PROPERTY AND EQUIPMENT, NET 2,875 3,220 OTHER ASSETS 2,720 2,511 TOTAL ASSETS 5,595 5,731 LIABIITIES AND STOCKHOLDERS' EQUITY CURRENT IABIUTIES: Accounts Payable Other Liabilities and Accrued Expenses 805 888 230 333 Income Taxes Payable TOTAL CURRENT UABIUTIES 35 11 NONCURRENT LUABILITIES: Long-Term Debt 2,300 1,840 Other Liabilities 115 444 TOTAL NONCURRENT IABIITIES STOCKHOLDERS' EQUITY: Class A Common Stock, $0.01 par value: 150,000 shares authorized and 103,300 shares issued 0.00% Additional Paid-in Capital 503 645 Retained Earnings 2,438 2,300 Accumulated Other Comprehensive Income (Loss) 3. (6) Treasury Stock, at Average Cost-17,662 and 16,054 at December 31, 2021 and December 31, 2020, respectively (835) (725) TOTAL STOCKHOLDERS' EQUITY TOTAL UABILITIES AND STOCKHOLDERS' EQUITY Calculate the following for: 2021 2020 Formulas/Unks: Current Ratio Working Capital in thousands) Debt Ratio (as a percent) r/a r/a n/a Va /a %24
CONSOUDATED BALANCE SHEETS Common-SIz Trend Analysis December 31, (In millions, except par value amounts) ASSETS 2021 2020 2020-2021 2021 2020 S Change % Change (Percent of Total Assets) CURRENT ASSETS: 600 333 Cash and Equivalents 23 44 Marketable Securities 230 444 Receivables 690 888 Inventories Other Current Assets 575 444 TOTAL CURRENT ASSETS PROPERTY AND EQUIPMENT, NET 2,875 3,220 OTHER ASSETS 2,720 2,511 TOTAL ASSETS 5,595 5,731 LIABIITIES AND STOCKHOLDERS' EQUITY CURRENT IABIUTIES: Accounts Payable Other Liabilities and Accrued Expenses 805 888 230 333 Income Taxes Payable TOTAL CURRENT UABIUTIES 35 11 NONCURRENT LUABILITIES: Long-Term Debt 2,300 1,840 Other Liabilities 115 444 TOTAL NONCURRENT IABIITIES STOCKHOLDERS' EQUITY: Class A Common Stock, $0.01 par value: 150,000 shares authorized and 103,300 shares issued 0.00% Additional Paid-in Capital 503 645 Retained Earnings 2,438 2,300 Accumulated Other Comprehensive Income (Loss) 3. (6) Treasury Stock, at Average Cost-17,662 and 16,054 at December 31, 2021 and December 31, 2020, respectively (835) (725) TOTAL STOCKHOLDERS' EQUITY TOTAL UABILITIES AND STOCKHOLDERS' EQUITY Calculate the following for: 2021 2020 Formulas/Unks: Current Ratio Working Capital in thousands) Debt Ratio (as a percent) r/a r/a n/a Va /a %24
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 93.2C
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