Formulating Financial Statements from Raw Data (L02, 3) Following is selected financial information from Cisco Systems, Inc., for the year ended July 27, 2013 ($ millions).

Required

a. Prepare the income statement, the balance sheet, and the statement of cash flows for Cisco Systems for the fiscal year ended July 27, 2013.

b. Do the negative amounts for cash from investing activities and cash from financing activities concern us? Explain.

c. Using the statements prepared for part \(a\), compute the following ratios (for this part only, use the year-end balance instead of the average for assets and stockholders' equity):
i. Profit margin ii. Asset turnover iii. Return on assets iv. Return on equity

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Cash, ending year Cash from operating activities. Sales.... Stockholders' equity Cost of goods sold.... Cash from financing activities Total liabilities.... Total expenses (other than cost of goods sold). Noncash assets .... .... Cash from investing activities. Net income... Cash, beginning year. $ 7,925 12,894 48,607 59,128 19,167 (3,000) 42,063 19,457 93,266 (11,768) 9,983 9,799