Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

Current asset section from the Mondelez balance sheet

Accounting Jul 31, 2020

Current asset section from the Mondelez balance sheet. $ millions

 

 

 

Cash and cash equivalents...........................................................................................$1,870                $1,631

Trade receivables (net of allowances of $54 at 2015 and $66 at 2014...........2,634                 3,802

Other receivables (net of allowances of $109 at 2015 and $91 at 2014...........1,212                 949

Inventories, net......................................................................................................................2,609                3,480

Deferred income taxes..........................................................................................................  --                   480

Other current assets............................................................................................................633                    1,408

Total current assets...........................................................................................................$8,958                $11,750

 

a.      Compute the gross amount of trade receivable for both 2015 and 2014. Compute the percentage of the allowance for uncollectible trade relative to the gross amount of trade receivable for each of those years.

b.      Compute the relative size of net trade receivable to total assets; the latter were $62,843 million and $66,771 million for 2015 and 2014, respectively. Interpret the quality of Mondelez's receivables for 2015 compared with 2014.

Expert Solution

For detailed step-by-step solution, place custom order now.
Need this Answer?

This solution is not in the archive yet. Hire an expert to solve it for you.

Get a Quote
Secure Payment