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1)A list of assets, liabilities and equity can be found on which of the following?  2

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1)A list of assets, liabilities and equity can be found on which of the following? 

2. The audit report is addressed to:

3. The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions)

Total assets	$16,511
Total liabilities	11,786
Total shareholders' equity	4,725
Dividends	82
Net income (loss)	1,264
Retained earnings, December 31, 2015	$ 4,570

What did Goodyear report for retained earnings at December 31, 2016?

4. United Airlines' 2016 balance sheet reported the following (in millions)

Total Assets	$40,091
Total Liabilities	31,485
Contributed Capital	3,573

What was United Airlines' total liabilities and stockholders' equity at December 31, 2016?

5. In its 2016 annual report, Mattel Inc. reported the following (in millions):

Total liabilities	$4,086.0
Total shareholders' equity	$2,407.8

What proportion of Mattel is financed by nonowners?

 

6. Sales for the year = $246,687, Net Income for the year = $22,965, and average Assets during the year = $136,357. Return on Assets (ROA) for the year is:
7. In 2016, Delphi Automotive PLC had current assets of $5,419 million and current liabilities of $4,148 million. The firm’s net working capital is:
8. During fiscal 2016, Mattel had sales of $5,456,650, total expenses of $5,138,628 and gross profit of $2,554,391. What was Mattel’s cost of sales for 2016? ($ in thousands)
9. Baiman Corporation commences operations at the beginning of January. It provides its services on credit and bills its customers $50,000 for January sales. Its employees also earn January wages of $19,000 that are not paid until the first of February. Complete the following statements for the month-end of January. Do not use negative signs with answers, unless to indicate a net loss.

 

10. Sales on account would produce what effect on the balance sheet?
11. Cash collected on accounts receivable would produce what effect on the balance sheet?
12. During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of these purchase transactions would be to:
13. During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. Inventory at the start of the year was $38.2 million and at the end of the year was $53.0 million. Which of the following describes how these transactions would be entered on the financial statement effects template?
14. During fiscal 2016,Stanley Black & Decker Corporation reported Net income of $965.3 million and paid dividends of $330.9 million. Which of the following describes how these transactions would affect Stanley Black and Decker’s equity accounts? (in millions)
15. The 2017 balance sheet of Staples, Inc. shows total assets of $8,271 million, operating assets of $6,566 million, operating liabilities of $3,527 million, and shareholders’ equity of $3,688 million. Staples' 2017 net operating assets are:
16. The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to The New York Times Company of $29,068 thousand, and average net operating assets of $354,414 thousand. The company's return on net operating assets (RNOA) for the year is:
17. The fiscal year-end 2016 financial statements for Walt Disney Co. report revenues of $55,632 million, net operating profit after tax of $9,954 million, net operating assets of $58,603 million. The fiscal year-end 2015 balance sheet reports net operating assets of $59,079 million. Walt Disney’s 2016 net operating profit margin is:
18. The fiscal 2016 financial statements for Walgreens Boots Alliance, Inc., report net sales of $117,351 million, net operating profit after tax of $4,687 million, net operating assets of $39,502 million. The 2015 balance sheet reports net operating assets of $42,683 million. Walgreen's 2016 net operating asset turnover is:
19. Liquidity refers to: