Following are selected accounts for Kimberly-Clark Corporation for 2017. a. Indicate the appropriate classification of each account
Question:
Following are selected accounts for Kimberly-Clark Corporation for 2017.
a. Indicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (I).
b. Using the data, compute its amounts for total assets and for total expenses.
c. Compute Kimberly-Clark's debt-to-equity ratio.
Transcribed Image Text:
($ millions) Amount Classification Net sales..... Cost of goods sold. Retained earnings Net income...... Property, plant & equipment, net Marketing research and general expenses Accounts receivable, net Total liabilities .... Total stockholders' equity $18,259 11,706 6,730 2,319 7,436 3,227 2,315 14,269 882
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a b Total assets Total liabilities Stockholders equity Tota...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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