Using the information provided prepare a balance sheet

Assignment Help Accounting Basics
Reference no: EM13482171

Below you will find selected information (in millions) from Coca-Cola Co.'s 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 Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current liabilities from the non-current liabilities and provide a total for each.
2. Using the Balance Sheet from your answer above, calculate the Current Ratio and Return on common stockholders' equity ratio..

Reference no: EM13482171

Questions Cloud

Lucky products markets two computer games predator and : exercise 5-10 compute the break-even point for a multiproduct company lo9lucky products markets two computer games
Calculate the profit margin and gross profit rate for the : the following selected data was retrieved from the wal-mart inc. financial statements for the year ending january 31
What amount of accounts receivable would google party : google party planners had a 40000 balance in accounts receivable and a 3000 credit balance in allowance for
Army-navy surplus sold 320 tents and at march 31 the ending : army-navy surplus began march with 70 tents that cost 20 each. during the month amy-navy surplus made the following
Using the information provided prepare a balance sheet : below you will find selected information in millions from coca-cola co.s 2012 annual report income taxes
Specialty metals inc a fast-growing company that makes : specialty metals inc. a fast-growing company that makes metals for equipment manufacturers has an 800000 line of
Given the following information compute the current and : given the following information compute the current and quick ratioscash 100000accounts receivable 357000inventory
Gentry inc acquired 100 of gaspard farms on january 5 2010 : gentry inc. acquired 100 of gaspard farms on january 5 2010. during 2010 gentry sold gaspard farms for 625000 goods
Blythe industries inc expects to maintain the same : blythe industries inc. expects to maintain the same inventories at the end of 2012 as at the beginning of the year. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why would a person purchase a callable bond

if a company liquidates, which investment has priority? what if you had preferred stock?

  Youve been given the following information for ethan

you have been given the following information for ethan company as of june 1 2010. ethan company purchased a parcel of

  Weighted-average method

What is the distinction between equivalent units under the FIFO method and the equivalent units under the weighted-average method?

  Contribution to the ira

Molly, age 29, is unmarried and is an active participant in a qualified deductible (traditional) IRA plan. Her modified AGI is $61,000 in 2010. a. Calculate the amount that Molly can contribute to the IRA and the amount she can deduct.

  What is the economic order quantity

a. What is the economic order quantity? b. What is the average inventory if the economic order quantity is used?

  Employee fringe benefit program expenses

Southern Company's accountant failed to accrue as of 12/31/08 some employee fringe benefit program expenses that were incured in 2008 and that will be paid in 2009. The result of this ommision is to:

  What will the company new break-even point

Assume that Ajack intends to have a profit of 20% more than the current profit. How many units must he sell to achieve his target?

  Making informed and ethical business decisions

Identify the audiences, purposes, and natures of financial statements and managerial reports. Explain the use of financial accounting information in making informed and ethical business decisions

  Question 1nbsp an audit client is being sued for 500000 for

question 1.nbsp an audit client is being sued for 500000 for discriminatory hiring practices.required indicate the

  Further investigation has revealed that 111000 of the fixed

1. sharp company produces 8000 parts each year which are used in the production of one of its products. the unit

  What is the rationale for how abc should account

During a company's start-up or expansion a wide variety of costs and expenses are incurred that are directly associated with beginning the specific operation. For instance, ABC Company has expanded into another country and has constructed new faci..

  Change in accounting principle concept

Which of the following is not treated as a change in accounting principle? A) A change from LIFO to FIFO for inventory valuation B) A change to a different method of depreciation for plant assets

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd