Fiscal Year 1 Fiscal Year 2 Long-term Assets: Property, plant, & equipment $28,174 $32,407 Less accumulated depreciation
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Question:
Fiscal Year 1 | Fiscal Year 2 | |
Long-term Assets: | ||
Property, plant, & equipment | $28,174 | $32,407 |
Less accumulated depreciation | $13,354 | $15,357 |
Property, plant, & equipment (net) | $14,824 | $17,047 |
Operating right of use (net) | $2,824 | $3,116 |
Long-term financing receivables | $5,544 | $5,926 |
Prepaid pension assets | $6,424 | $6,616 |
Deferred costs | $995 | $1,045 |
Deferred taxes | $6,323 | $6,455 |
Goodwill | $54,086 | $57,325 |
Intangible assets (net) | $11,858 | $12,325 |
Investments & sundry assets | $1,469 | $1,495 |
Total Long-term Assets | $104,38 | $111,345 |
Long-term Liabilities: | ||
Long-term debt | $9,748 | $9,457 |
Retirement & non pension obligations | $10,264 | $9,757 |
Deferred income | $3,493 | $3,667 |
Operating lease liabilities | $2,352 | $2,521 |
Other long-term liabilities | $12,427 | $11,436 |
Total Long-term Liabilities | $38,291 | $36,823 |
Total Liabilities | $71,461 | $72,512 |
Analyze the ratio of fixed assets to long-term liabilities measure of solvency for Company A using the attached sheet by doing the following: 3. Provide the ratio of fixed assets to long-term liabilities value for Fiscal Year 2 from Figure A1.2, including how you calculated your answer.
4. Provide the final value for the ratio of fixed assets to long-term liabilities, including how you calculated your answer.
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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