Selected balance sheet amounts for Alibaba Group Holding Ltd, a China-based online and mobile commerce company, for
Question:
Selected balance sheet amounts for Alibaba Group Holding Ltd, a China-based online and mobile commerce company, for three recent fiscal years ending March 31 follow:
REQUIRED:
a. Compute the missing balance sheet amounts for each of the three years shown.
b. What asset category do you expect to constitute the majority of the company's current assets?
c. Calculate Alibaba's current ratio for fiscal years 2016 and 2018.
d. Calculate net working capital for 2016 and 2018.
Non- Non- Current current Total Current Total current Liabilities (millions of RMB) Assets Assets Assets Liabilities Liabilities Equity 2016.... 20,792 ? 8,071 ? 17,767 38,700 2017 ? 47,114 12,919 26,542 47,088 73,630 114,326 2018. ? 73,377 21,651 22,619 ..... ...
Step by Step Answer:
a b Alibabas current assets are likely to be primarily comprised of cash ...View the full answer
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
Related Video
The current ratio is a financial ratio that measures a company\'s ability to pay its short-term obligations with its short-term assets. It is calculated by dividing a company\'s current assets by its current liabilities. The formula for calculating the current ratio is: Current Ratio = Current Assets / Current Liabilities Current assets are assets that can be converted to cash within one year, while current liabilities are debts that are due within one year. A current ratio of 1:1 or greater is generally considered good, as it indicates that a company has enough current assets to cover its current liabilities. A current ratio of less than 1:1 may suggest that a company may have difficulty meeting its short-term obligations. It\'s important to note that the current ratio is just one of many financial ratios that can be used to assess a company\'s financial health. It should be used in conjunction with other financial ratios and qualitative factors to make informed decisions about investing or lending to a company.
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