critically analyze the balance sheet of XYZ corporation. The Balance Sheet of the XYZ CorporationXYZ CORPORATIONBalance Sheet20X2 and 20X1(in $ millions)Liabilities (Debt) andStockholder's EquityAssets20X220х120X220X1Current assetsCash and equivalentsAccounts receivableCurrent Liabilities$107 Accounts payable270 Notes payable280 Accrued expenses50$140$213$1972945053Inventories269223205Other58Total current assets$761$707 Total current liabilities$486$455Fixed assetsLong-term liabilitiesProperty, plant, andequipmentLess accumulateddepreciationNet property, plant, andequipmentIntangible assets and otherTotal fixed assets$1423$1274 Deferred taxes$117$104-550-460 Long-term debt471458$873$814 Total long-tem liabilities$588$562221 Stockholder's equity$1,035 Preferred stock245$1,118$39$39Common stock ($1 per value)Capital surplusAccumulated retainedearningsLess treasury stockTotal equity5532347390327347-26-20$805$725Total liabilities andTotal assets$1,879$1,742$1,879$1,742stockholder's equity

Balance sheet shows the financial position of the entity by the assets and liabilities so that…

The Balance Sheet of the XYZ Corporation XYZ CORPORATION Balance Sheet 20X2 and 20X1 (in $ millions) Liabilities (Debt) and Stockholder's Equity Current Liabilities $107 Accounts payable 270 Notes payable 280 Accrued expenses Assets 20X2 20X1 20X2 20X1 Current assets Cash and equivalents Accounts receivable Inventories $140 294 $213 50 $197 53 269 223 205 Other Total current assets 58 $761 50 $707 Total current liabilities Long-term liabilities $1274 Deferred taxes $486 $455 Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and other Total fixed assets $1423 $117 $104 -550 -460 Long-term debt 471 458 $873 $814 Total long-tem liabilities $588 $562 221 Stockholder's equity $1,035 Preferred stock 245 $1,118 $39 55 $39 32 Common stock ($1 per value) Capital surplus Accumulated retained carnings Less treasury stock Total equity 347 327 347 390 -26 -20 $805 $725 Total assets $1,879 $1,742 Total liabilities and $1,879 $1,742 stockholder's equity

The Balance Sheet of the XYZ Corporation XYZ CORPORATION Balance Sheet 20X2 and 20X1 (in $ millions) Liabilities (Debt) and Stockholder's Equity Current Liabilities $107 Accounts payable 270 Notes payable 280 Accrued expenses Assets 20X2 20X1 20X2 20X1 Current assets Cash and equivalents Accounts receivable Inventories $140 294 $213 50 $197 53 269 223 205 Other Total current assets 58 $761 50 $707 Total current liabilities Long-term liabilities $1274 Deferred taxes $486 $455 Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and other Total fixed assets $1423 $117 $104 -550 -460 Long-term debt 471 458 $873 $814 Total long-tem liabilities $588 $562 221 Stockholder's equity $1,035 Preferred stock 245 $1,118 $39 55 $39 32 Common stock ($1 per value) Capital surplus Accumulated retained carnings Less treasury stock Total equity 347 327 347 390 -26 -20 $805 $725 Total assets $1,879 $1,742 Total liabilities and $1,879 $1,742 stockholder's equity

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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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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