User Account

All Pages

How would its current ratio and working capital have changed

Assignment Help Accounting Basics
Reference no: EM131129026

1. The following financial data were reported by 3M Company for 2006 and 2007 (dollars in millions).

Instructions

(a) Calculate the current ratio and working capital for 3M for 2006 and 2007.

(b) Suppose that at the end of 2007 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed?  

Reference no: EM131129026

Questions Cloud

Employee earnings records for medenciy company reveal : Compute the FICA withholdings that should be made for each employee for the December 31 pay period. (Show computations.)
What part was retained by amazon : What were the total proceeds from this offering? What part was retained by Amazon? What part by the investment bankers? What percent of the offering is this?
Piece of property as tenancy in common : Smith and Jones own a piece of property as a tenancy in common. Smith and Jones:
Compute the following amounts for joyces wages : Joyce Kieffer's regular hourly wage rate is $15, and she receives a wage of 11⁄2 times the regular hourly rate for work in excess of 40 hours.
How would its current ratio and working capital have changed : Suppose that at the end of 2007 3M management used $200 million cash to pay off $200 million of accounts payable. How would its current ratio and working capital have changed?
Compute simple exponential smoothing forecast : The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year are as follows: Week Actual # of Patients 1 65 2 62 3 70 4 48 5 63 6 52 a) Compute a simple exponential smoothing forecast for week 7 with α=.5...
Company claims-made policy will cover the loss : James is director of research for a pharmaceutical company. The company recently introduced a new drug to reduce the symptoms of arthritis. The company is insured under a claims-made CGL policy. Explain whether the company's claims-made policy will c..
Evaluate the plan on incremental cost basis : The S&OP team at Kansas Furniture, has received estimates of demand requirements as shown in the table. Assuming stockout costs for lost sales of $100 per unit, inventory carrying costs of $30 per unit per month, and zero beginning and ending invento..
Financial statements contained the following data : Kroger Co.'s 2007 financial statements contained the following data (in millions).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Williams companys direct labor cost is 25 of its

williams companys direct labor cost is 25 of its conversion cost. if the manufacturing overhead for the last period was

  What is tax research

What is tax research?

  Incremental revenue required from the campaign

A korean auto manufacturer is considering a 1million holiday advertising campaign for its cars that have an average contribution margin of 45%. The comany wants to realize a return on marketing investment(ROMI) of at least 10%. what's the minimum ..

  Measures the success of a company operations

According to the textbook, the income statement measures the success of a company's operations for a given period. The income statement is important to investors and creditors, because it determines the profitability, investment value, and creditw..

  More linear programming applications

The demand for ice cream during the three summer months (June, July, and August) at All-Flavors Parlor is estimated at 300, 400, and 500 20-gallon cartons, respectively.

  Adria lopez launched a computer services company

The company's initial chart of accounts follows.

  Explain some of the advantages and disadvantages of

explain some of the advantages and disadvantages of standard costs? if you were or are a manager how do you determine

  Stone inc is evaluating a project with an initial cost of

stone inc. is evaluating a project with an initial cost of 9500. cash inflows are expected to be 1500 1500 and 10000 in

  How much of the 250000 distribution is treated as a

austin company reports positive current eampp of 200000 and negative accumulated eampp of 300000. austin distributed

  Discounted value of the note receivable

SDD has also developed a second software package. They incurred development costs of $500,000. They are trading this software package in exchange for a small office building. The fair market value of this building is $675,000. Use $285,000 as the ..

  Characteristic of an effective project team

The type of management whose focus is on activities whose variances lie outside the acceptable range is: A key characteristic of an effective project team is that:

  The manufacture of each door requires 20 lbs of steel and

a company produces doors. the following information wasgathered to prepare budgets for the upcoming year beginning

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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