Selected balance sheet amounts for Kimberly-Clark Corp, a consumer products company, for four recent years follow: REQUIRED:

Question:

Selected balance sheet amounts for Kimberly-Clark Corp, a consumer products company, for four recent years follow:

REQUIRED:

a. Compute the missing balance sheet amounts for each of the four years shown.

b. What types of accounts would you expect to be included in current assets? In noncurrent assets?

c. Calculate Kimberly-Clark's working capital and current ratio for 2016 and 2017.

d. Assume that the industry average is 2.0 for the current ratio. Comment on Kimberly-Clark's liquidity measures relative to the industry.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 02:11 AM

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Selected balance sheet amounts for Kimberly-Clark Corp, a consumer products company, for four recent years follow: REQUIRED:

Question:

Non- Non- Current current Total Current current Total (S millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity $ ? 5,426 5,115 $9,967 $15,526 14,042 2014.... $6, 226 $8,301 $14,527 $ ? 2015. 6.349 ? 40 9,487 9,940 2016. ? 8,639 ? 117 2017. 15,151 5,858 14.269

Step by Step Answer:

a b Kimberly Clarks current assets most likely include cash accounts receivable inventories a...View the full answer

Financial Accounting

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