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Assignment
Using each and every line item of data provided for Intel(an Excel spreadsheetwith the data is found on Blackboard), re-create the company's balancesheet and income statementin a reasonably correct manner. Some items (e.g., gross accounts receivable, allowance for doubtful accounts, and net accounts receivable) are not typically found listed on the financial statements but you should include them on this assignment nonetheless. In addition, create a common-sized balance sheet and a common-sized income statementthat includes all items found on the balance sheet and income statement, respectively.Round the percentages to one decimal place (e.g., 11.6%). Submit your work via the assignment submission feature in Blackboard.
Total assets
$113,327
Total liabilities and equity
Fixed assets, gross
90,105
Total shareowners' equity
66,226
Net sales
$59,387
Less: Accumulated depreciation
53,934
Total liabilities
47,101
Retained earnings
40,747
Gross profits
36,191
Fixed assets, net
36,171
Total current assets
35,508
Common stock and paid-in capital
25,373
Less: Cost of goods sold
23,196
Long-term debt
20,649
Total current liabilities
20,302
Less: Selling, general and administrative expenses
17,051
Goodwill
14,099
Earnings before taxes
12,936
Operating profit (Earnings before interest and taxes)
12,874
Short-term investments
11,539
Other long-term investments
10,896
Net income
$10,316
Other intangible assets, net
9,494
Other noncurrent assets
7,159
Less: Depreciation and amortization expenses
6,266
Cash and cash equivalents
$5,560
Inventories
5,553
Other current liabilities
5,280
Other current assets
5,210
Accounts receivable, gross
4,727
Accounts receivable, net
4,690
Current maturities of long-term debt
4,634
Accrued liabilities
4,275
Other long-term liabilities
3,735
Prepaid expenses
2,956
Less: Income tax expense
2,620
Accounts payable
2,475
Short-term debt
1,920
Deferred taxes
1,730
Deferred revenues
1,718
Postretirement benefit obligations
685
Interest and other non-operating income
506
Less: Interest expense
444
Accumulated other comprehensive gain (loss)
106
Less: Allowance for doubtful accounts
37
Less: Treasury stock
0
Commitments and contingent liabilities
Attachment:- Assignment Files.rar
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