Nestls financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions Refer to the financial statements and answer the following questions. a. Based on the information contained in these financial statements, determine the following for each company. 1. Total assets at December 31, 2016. 2. Accounts (trade) receivable, net at December 31,

Chapter 1, Critical Thinking #2

Nestlé’s financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C.
Instructions
Refer to the financial statements and answer the following questions.
a. Based on the information contained in these financial statements, determine the following for each company.
1. Total assets at December 31, 2016.
2. Accounts (trade) receivable, net at December 31, 2016.
3. Net sales for year ended December 31, 2016.
4. Net income (profit) for year ended December 31, 2016.
b. What percentage do receivables represent of total assets for the two companies? What percentage does net income represent of sales (revenue) for the two companies?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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Related Book For answer-question

Accounting Principles

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

ISBN: 978-1119419617