7)Calculate common dividends paid during 2017. The correct answer is:

88.3

89.6

90.2

91.6

94.8

8) Calculate net income to common & preferred shareholders for the year ended 12/31/17. Hint: Net income to common & preferred shareholders refers to net income after allocation to noncontrolling interests. The correct answer is:

229.1

231.7

242.1

262.8

279.1

9) Wall Street Analysts ignore certain income and expense required by GAAP when arriving at results (these adjustments are called Non-GAAP adjustments). Specifically, for Fancy Pants, analysts ignore gains and losses on sales, asset write downs, and amortization.

Calculate Non-GAAP pretax income for the year ended 12/31/17. The correct answer is:

372.9

408.9

412.9

469.2

504.1

10) Wall Street Analysts ignore certain income and expense required by GAAP when arriving at results (these adjustments are called Non-GAAP adjustments). Specifically, for Fancy Pants, analysts ignore gains and losses on sales, asset write downs, and amortization. Calculate Non-GAAP Net Income for the year ended 12/31/17.

Hint: Net income refers to net income available to common, preferred and consolidated non-controlling interests. Also, remember to adjust taxes to reflect that certain expenses / income are ignored when calculating non-GAAP results.

The correct answer is:

268.4

276.1

255.4

250.4

246.4

11)

Calculate accumulated depreciation on 12/31/17. The correct answer is:

(2,907.3)

(3,432.0)

(3,956.7)

(3,971.7)

(3,978.7)

12) Calculate retained earnings/(losses) on 12/31/17. The correct answer is:

(236.1)

(263.4)

(266.1)

(269.1)

(271.1)

13) Calculate the non-controlling interest balance on the balance sheet on 12/31/17. The correct answer is:

61.5

75.0

100.0

125.0

138.5

14) Calculate total current assets on the balance sheet on 12/31/17. The correct answer is:

297.7

515.3

551.9

1,081.9

1,709.9

Balances as of 12/31/16 12/31/17 120.5 74.8 146.4 34.6 5.6 49.6 453.0 12.6 43.5 Accounts Payable Accounts Receivable Additional Paid-In-Capital Cash And Equivalents Common Stock (Par Value) Current Portion of Long-Term Debt Deferred Revenue (Current) Deferred Tax Asset (Non-current) Deferred Tax Liability (Non-current) Accumulated Depreciation Goodwill Intangible Assets Inventory Long-Term Debt Non-controlling Interest (NCI) Notes Payable Long Term Investments Net PP& Preferred Stock Pre-Paid Expenses (Current) Retained Earnings/ (Losses) Treasury Stock Wages Payable (Current) 130.5 82.4 163.5 TBD 7.4 68.4 532.0 34.6 52.3 (3,432.0) TBD 34.2 70.0 145.7 275.0 34.2 45.0 132.6 214.0 100.0 23.5 123.9 212.7 12.4 50.0 (403.6) (112.3) 67.8 TBD 34.2 145.3 246.0 13.5 35.0 TBD (123.2) 72.5 Balances as of 12/31/16 12/31/17 120.5 74.8 146.4 34.6 5.6 49.6 453.0 12.6 43.5 Accounts Payable Accounts Receivable Additional Paid-In-Capital Cash And Equivalents Common Stock (Par Value) Current Portion of Long-Term Debt Deferred Revenue (Current) Deferred Tax Asset (Non-current) Deferred Tax Liability (Non-current) Accumulated Depreciation Goodwill Intangible Assets Inventory Long-Term Debt Non-controlling Interest (NCI) Notes Payable Long Term Investments Net PP& Preferred Stock Pre-Paid Expenses (Current) Retained Earnings/ (Losses) Treasury Stock Wages Payable (Current) 130.5 82.4 163.5 TBD 7.4 68.4 532.0 34.6 52.3 (3,432.0) TBD 34.2 70.0 145.7 275.0 34.2 45.0 132.6 214.0 100.0 23.5 123.9 212.7 12.4 50.0 (403.6) (112.3) 67.8 TBD 34.2 145.3 246.0 13.5 35.0 TBD (123.2) 72.5