Question

The following balances were taken from the December 31, 2012, balance sheet of Time Warner (dollars in millions):
Current assets ........ $13,288
Long-term assets ........ 55,016
Current liabilities ....... 9,829
Long-term liabilities ....... 28,597
Shareholders’ equity ....... 29,878
Early in 2013, Time Warner considered the financial effects of several events.

REQUIRED:
For each of the five events listed here, indicate how they would affect the financial ratios listed by completing the following chart. Assume that financial statements are prepared immediately after each event. Treat each event independently, and use the following key: Increase (+), Decrease (–), and No Effect(NE).


$1.99
Sales0
Views79
Comments0
  • CreatedAugust 19, 2014
  • Files Included
Post your question
5000