Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Given Cisco Systems Consolidated Statements of Income and Balance Sheets.
Cisco Systems Consolidated Statements of Income
Years Ended December ($ millions)
July 27, 2019
July 28, 2018
Revenue
Product
$39,005
$36,709
Service
12,899
12,621
Total revenue
51,904
49,330
Cost of sales
14,863
14,427
4,375
4,297
Total cost of sales
19,238
18,724
Gross margin
32,666
30,606
Operating expenses
Research and development
6,577
6,332
Sales and marketing
9,571
9,242
General and administrative
1,827
2,144
Amortization of purchased intangible assets
150
221
Restructuring and other charges
322
358
Total operating expenses
18,447
18,297
Operating income
14,219
12,309
Interest income
1,308
1,508
Interest expense
(859)
(943)
Other income (loss), net
(97)
165
Interest and other income (loss), net
352
730
Income before provision for income taxes
14,571
13,039
Provision for income taxes
2,950
12,929
Net income
$11,621
$110
Cisco Systems Inc. Consolidated Balance Sheets
In millions, except par value
Assets
Current assets
Cash and cash equivalents
$11,750
$8,934
Investments
21,663
37,614
Accounts receivable, net of allowance for doubtful accounts
5,491
5,554
Inventories
1,383
1,846
Financing receivables, net
5,095
4,949
Other current assets
2,373
2,940
Total current assets
47,755
61,837
Property and equipment, net
2,789
3,006
4,958
4,882
Goodwill
33,529
31,706
Purchased intangible assets, net
2,201
2,552
Deferred tax assets
4,065
3,219
Other assets
2,496
1,582
Total assets
$97,793
$108,784
Liabilities and equity
Current liabilities
Short-term debt
$10,191
$5,238
Accounts payable
2,059
1,904
Income taxes payable
1,149
1,004
Accrued compensation
3,221
2,986
Deferred revenue
10,668
11,490
Other current liabilities
4,424
4,413
Total current liabilities
31,712
27,035
Long-term debt
14,475
20,331
8,927
8,585
7,799
8,195
Other long-term liabilities
1,309
1,434
Total liabilities
64,222
65,580
Equity:
Cisco shareholders' equity
Preferred stock, no par value: 5 shares authorized; none issued and outstanding
--
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized;
4,250 and 4,614 shares issued and outstanding at July 27, 2019, and July 28, 2018, respectively
40,266
42,820
(Accumulated deficit) Retained earnings
(5,903)
1,233
Accumulated other comprehensive income (loss)
(792)
(849)
Total Cisco shareholders' equity
33,571
43,204
Total equity
Total liabilities and equity
Required -
(a) Compute net operating assets (NOA) for 2019.
(b) Compute net operating profit after tax (NOPAT) for 2019, assuming a federal and state statutory tax rate of 22%. Assume that all items on the 2019 income statement will persist.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd