Consolidated Balance Sheets $ millions is given ASSETS December 25, 2021 December 26, 2020 December 28, 2019
Question:
Consolidated Balance Sheets $ millions is given
ASSETS December 25, 2021 December 26, 2020 December 28, 2019 December 29,2018
Cash and cash equivalents $3,445 $3,417 $2,279 $1,130
Trade receivables (net of allowances): 1,957 2,063 1,973 2,129
Inventories: 2,729 2,773 2,721 2,667
Prepaid expenses: 136 132 384 400
Other current assets 716, 574, 618 1,373
Assets held for sale: 11 1,863 122 1,376
Total current assets 8,994 10,822 8,097 9,075
Property, plant and equipment, net 6,806 6,876 7,055 7,078
Goodwill 31,296 33,089 35,546 36,503
Intangible assets, net 43,542 46,667 48,652 49,468
Other non-current assets 2,756 2,376 2,100 1,337
TOTAL ASSETS $93,394 $99,830 $101,450 $103,461
LIABILITIES AND EQUITY
Commercial paper and other short-term debt $14 $6 $6 $21
Current portion of long-term debt 740 230 1,022 377
Trade payables 4,753 4,304 4,003 4,153
Accrued marketing 804 946 647 722
Interest payable 268 358 384 408
Income taxes payable 541 114
Other current liabilities 1,944 2,086 1,804 1,767
Liabilities held for sale 0, 17, 9, 55
Total current liabilities 9,064 8,061 7,875 7,503
Long-term debt 21,061 28,070 28,216 30,770
Deferred income taxes 10,536 11,462 11,878 12,202
Accrued postemployment costs 205 243 273 306
Long-term deferred income 1,534 6 0 0
Other non-current liabilities 1,542 1,745 1,459 902
TOTAL LIABILITIES 43,942 49,587 49,701 51,683
Redeemable noncontrolling interest 4, 0, 0 3
Equity:
Common stock, $0.01 par value 12, 12, 12, 12
Additional paid-in capital 53,379 55,096 56,828 58,723
Retained earnings/(deficit) （1682） （2694） （3060） （4853）
Accumulated other comprehensive income/(losses) （1824） （ 1967） （1886） （1943）
Treasury stock, at cost （587） （344） （271） （282）
Total shareholders' equity 49,298 50,103 51,623 51,657
Noncontrolling interest 150 140 126 118
TOTAL EQUITY 49,448 50,243 51,749 51,775
TOTAL LIABILITIES AND EQUITY $93,394 $99,830 $101,450 $103,461
Calculate the kraft net operating assets 2021, 2020, 2019, 2018?
Expert Answer:
Solution To calculate the net operating assets of Kraft for each year we need to subtract the curren... View the full answer
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
