The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the
Question:
The financial statements of P&G are presented in Appendix B. The company’s complete annual report, including the notes to the financial statements, is available online.
Instructions
Refer to these financial statements and the accompanying notes to answer the following questions.
a. What were P&G’s total assets at June 30, 2017? At June 30, 2016?
b. How much cash (and cash equivalents) did P&G have on June 30, 2017?
c. What were P&G’s research and development costs in 2016? In 2017?
d. What were P&G’s revenues in 2016? In 2017?
e. Using P&G’s financial statements and related notes, identify items that may result in adjusting entries for deferrals and accruals.
f. What were the amounts of P&G’s depreciation and amortization expense in 2015, 2016, and 2017?
Financial StatementsFinancial 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...
Step by Step Answer:
a June 30 2017 total assets 120406 million June 30 2016 total assets 127136 million b June 30 2017 c...View the full answer
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
