FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Use 2018 Form 990 and the 2019 audited financial statements for Feeding America. Although Form 990 indicates it is for 2018, it is actually for the period July 1, 2018, to June 30, 2019, the same time period as the 2019 audited financial statements. Required Compute the following performance measures using the Form 990. Using the annual financial statements, calculate the following performance measures. Compute the following performance measures using the Form 990. (Round your answers to two decimal places and the Going Concern ratio to three decimal places.) This is what I had come up with but they are all incorrect amounts. Let me know how I can sent the Form 990 to give you the figures. Liquidity Choose Numerator ÷ Choose Denominator = Ratio Current Assets Current Liabilities $106,955,173 ÷ $15,171,035 = 7.05 Going Concern Choose Numerator ÷ Choose Denominator = Ratio Revenue over expenses Total Expenses…arrow_forwardPlease helparrow_forwardForecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…arrow_forward
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