In a recent annual report, Kraft Foods reported the following account balances (in millions): Required a. Prepare
Question:
Required
a. Prepare horizontal and vertical analyses of Kraft's cash balance. Round percentages to one decimal point (i.e., 9.4%).
b. Calculate free cash flow.
c. Interpret the results of your calculations.
Transcribed Image Text:
Cash and cash equivalents, current year Cash and cash equivalents, prior year Total assets, current year Cash flows from operating activities Capital expenditures Dividends $ 1,244 567 63,078 4,141 1,367 1,663
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
a Horizontal analysis 1244 567567 1194 Vertical analysis 124463078 20 b Free cash ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Horizontal and vertical analyses are analytical tools frequently used to analyze financial statements. What type of information or insights can be obtained by using these two techniques? Explain how...
-
The following data were included in a recent annual report of Warehouse Foods. Required a. Why is a companys net income typically less than its net cash flow from operating activities? b. Why do most...
-
A recent annual report for Swifty Air Cargo Company states the following: Property, Plant, and Equipment Expenditures for major additions, improvements, flight equipment modifications, and specific...
-
(8) (Non circular cylinder) A solid right (noncircular) cylinder has its base the R in the xy-plane and is bounded above by is 22-y + +5 5 * (x + y) dx dy paraboloid 2= x + y . The cylinder's volume....
-
Consult Paragraph A4 (in Appendix A) of PCAOB Auditing Standard No. 5. What is the auditors responsibility related to information disclosed by management at the time of an earnings release, if any?...
-
Wheatown Implement Company produces farm implements for various large vehicles used for farming. Wheatown is in the process of measuring its manufacturing costs and is particularly interested in the...
-
A survey included 4230 responses from Internet users who decided to respond to a question posted by America OnLine (AOL). Here is the question: How often do you use credit cards for purchases? Among...
-
Strudler Real Estate, Inc., a construction firm financed by both debt and equity, is undertaking a new project. If the project is successful, the value of the firm in one year will be $170 million,...
-
Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 Fees earned Expenses 20Y7 20Y6 $2,440,000 $2,000,000...
-
A 10 m2 glass block wall with outdoor shading devices, facing North, is located at 30o South latitude and 4000 m altitude. There is no haze in the air and the dew point temperature is 10oC. a....
-
The CPA Company invested in the following items during November and December of 2012: Required Determine the total of cash and cash equivalents that should be reported on the December 31, 2012,...
-
A company provides the following information regarding cash flows: Required Calculate free cash flow. Given the company's free cash flow and the additional cash flow information provided, does it...
-
In Exercises , find the domain of each function. (x) = log(5 - x)
-
The volume of a rectangular box is modelled by the polynomial V(x)=x-11x+38x, and the volume of the box is 40 cm. Give the values of x, in ascending order. (Do not include spaces or commas. For...
-
Lucca is planning ahead for his organization's SOC 2 Type 2 audit later in the year. The audit will occur in his organization's cloud-hosted platform as a service environment. What should he be...
-
In a team of 2 students, you are appointed as management accountant for an Australian business and you are required to prepare a report on to evaluate the performance of the company so that you can...
-
Which is the 5th riskiest asset based on the information below? Average return S&P 500 Standard deviation: 2.55% Small Stocks 15.65% Variance: 0.10179 0.50460 31.90% 71.03% Corp World Bonds Portfolio...
-
Suppose that you own 100 shares of XYZ Corp. The firm pays a quarterly dividend of $1.65 per share. If you are in a 31% income tax bracket, how much tax will you owe on your annual dividend income?...
-
The account balances of Strong Arms Coaching at June 30, 2025, follow: Requirements 1. Prepare the statement of stockholders equity for Strong Arms Coaching for the month ending June 30, 2025. No...
-
The vapor pressure of the liquid NH, is measured at different temperatures. The following vapor pressure data are obtained. Temperature, K P, mmHg 217.1 223.4 234.7 588.1 Calculate the enthalpy of...
-
Why are most large companies like Microsoft, PepsiCo, Caterpillar, and AutoZone organized as corporations?
-
Why are most large companies like Microsoft, PepsiCo, Caterpillar, and AutoZone organized as corporations?
-
Why are most large companies like Microsoft, PepsiCo, Caterpillar, and AutoZone organized as corporations?
-
On 1 / 1 / 2 0 1 9 X CO acquired 8 0 % of Y common stock for $ 1 5 0 , 0 0 0 in the same day the Y net assets was $ 1 4 0 , 0 0 0 , in the same date the fair value of assets and liabilities were...
-
Stanley s Custom Homes is calculating its bad debt expense for 2 0 2 0 . Total sales in 2 0 2 0 were $ 5 0 8 , 9 0 0 . Collections on account were $ 4 2 9 , 6 0 0 . During 2 0 2 0 , the company...
-
Early Career Critical Thinking The Internal Audit department at Pluto - Cola assigns its team members to special working groups every year. Each group is assigned specific types of internal projects,...
Study smarter with the SolutionInn App