Question: I need help with finding the Days Sales Outstanding & the Days Inventory Outstanding for INTEL corporation which is ticker symbol INTC. All of the

I need help with finding the Days Sales Outstanding & the Days Inventory Outstanding for INTEL corporation which is ticker symbol INTC. All of the data information is provided below regarding 2022 & 2023 (Income Statement, Balance Sheet & Cash Flows).

Financial analysts must evaluate the performance of the company and compare that performance over time. One way to evaluate the financial performance of a company is to calculate financial ratios. Ratios can be used to assess a company's profitability, liquidity, efficiency, and financial risk (leverage). Changes in these ratios over time can alert a financial analyst to poor management or strong shareholder returns. If you can calculate some common financial ratios for your chosen publicly traded company.

If you can Calculate two ratios for your chosen company, according to your last name which for me is Days sales outstanding and days inventory outstanding. Appendix A from Week 1, calculate the ratios for your chosen company for the two most recent years available in the financial statements.

Write:

In your initial discussion forum post,

* If you can complete a table within your discussion post that includes the following information:

  • the financial data used to calculate each ratio in the 2 years for your chosen company
  • the last 2 years (clearly labeled)
  • the calculations and the concluded ratio
  • Explain what your two ratios measure.
  • Attach your Appendix A (that you completed in Week 1) to your discussion post so that other students can review your data and calculations.
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Intel Corp(NMS: INTC)
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/30/2023 12/31/2022
Currency USD USD
Audit Status Not Qualified Not Qualified
Consolidated Yes Yes
Scale Millions Millions
Net revenue $ 54,228 -
Net revenue $ 54,228 $ 63,054
Cost of sales $ 32,517 $ 36,188
Gross margin (loss) $ 21,711 $ 26,866
Research & development $ 16,046 $ 17,528
Marketing, general & administrative expense $ 5,634 $ 7,002
Restructuring & other charges $ (62) $ 2
Asset impairment charges $ 45 -
Employee severance and benefit arrangements $ 222 -
Litigation charges and other $ (329) -
Operating expenses $ 21,618 $ 24,532
Operating income $ 93 $ 2,334
Gains (losses) on equity investments, net $ 40 -
Ongoing mark-to-market adjustments on marketable equity securitie $ (36) $ (787)
Observable price adjustments on non-marketable equity securities $ 17 $ 299
Share of equity method investee gains (losses), net $ (214) -
Impairment charges - $ (190)
Sale of equity investments & other gains & losses on equity investments - $ 4,946
Gains (losses) on equity investments, net - $ 4,268
Interest income $ 1,335 $ 589
Interest expense $ 878 $ 496
Other interest & income (expense), net $ 172 $ 1,073
Interest & other income (expense), net $ 629 $ 1,166
Income (loss) before income taxes - U.S. - $ (1,161)
Income (loss) before income taxes - Non-U.S. - $ 8,929
Income (loss) before taxes $ 762 $ 7,768
Current provision for taxes - federal - $ 4,106
Current provision (credit) for taxes - state - $ 68
Current provision for taxes - non-U.S. - $ 735
Total current provision for taxes $ 1,096 $ 4,909
Deferred provision (credit) for taxes - federal - $ (5,806)
Deferred provision (credit) for taxes - state - $ (40)
Other deferred provision (credit) for taxes - $ 688
Total deferred provision (credit) for taxes $ (2,009) $ (5,158)
Provision for (benefit from) taxes $ (913) $ (249)
Net income (loss) $ 1,675 $ 8,017
Net income (loss) attributable to non-controlling interest $ 14 $ (3)
Net income attributable to Intel Corp. $ 1,689 $ 8,014
Weighted average shares outstanding - basic 4,190 4,108
Weighted average shares outstanding - diluted 4,212 4,123
Year end shares outstanding 4,228 4,137
Earnings (loss) per share-continuing operations - basic $ 0.40 -
Net earnings (loss) per share - basic $ 0.40 $ 1.95
Net earnings (loss) per share - diluted $ 0.40 $ 1.94
Dividends per common share $ 0.74 $ 1.46
Full-Time Employees (Period End) 124800 -
Total number of employees 124800 131900
Number of common stockholders 97000 100835
Foreign currency translation adjustments - -27
Total comprehensive income attributable to Intel 2036 -
Diluted EPS Excluding ExtraOrd Items 0.4 -
Sale of equity investments and other 273 -
Balance Sheet
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date 12/30/2023 12/31/2022
Currency USD USD
Audit Status Not Qualified Not Qualified
Consolidated Yes Yes
Scale Millions Millions
Cash & cash equivalents $ 7,079 $ 11,144
Short-term investments $ 17,955 $ 17,194
Trading assets - -
Accounts receivable, net $ 3,402 $ 4,133
Raw materials $ 1,166 $ 1,517
Work in process $ 6,203 $ 7,565
Finished goods $ 3,758 $ 4,142
Inventories $ 11,127 $ 13,224
Assets held for sale - $ 45
Other current assets $ 3,706 $ 4,667
Total current assets $ 43,269 $ 50,407
Land & buildings - $ 44,808
Machinery & equipment $ 100,033 $ 92,711
Construction in progress $ 43,442 $ 36,727
Land and buildings $ 51,182 -
Total property, plant & equipment, gross $ 194,657 $ 174,246
Less: accumulated depreciation $ 98,010 $ 93,386
Property, plant & equipment, net $ 96,647 $ 80,860
Equity investments $ 5,829 $ 5,912
Other long term investments - -
Goodwill $ 27,591 $ 27,591
Identified intangible assets, net $ 4,589 $ 6,018
Other long-term assets $ 13,647 $ 11,315
Total assets $ 191,572 $ 182,103
Short-term debt - $ 4,367
Long-term debt redeemable within one year $ 2,288 -
Accounts payable $ 8,578 $ 9,595
Accrued compensation & benefits $ 3,655 $ 4,084
Other accrued liabilities $ 12,425 $ 11,858
Income taxes payable $ 1,107 $ 2,251
Other accrued liabilities - Balancing value $ 12,283 -
Operating Lease Liabilities - Current Portion/Short-Term $ 142 -
Total current liabilities $ 28,053 $ 32,155
Senior notes - -
Oregon & Arizona bonds - $ 39,285
Total senior notes & other borrowings - $ 39,285
Unamortized premium/discount & issuance costs - $ (417)
Hedge accounting fair value adjustments - $ (761)
Total long-term debt - -
Less: current portion of long-term debt - $ 423
Debt $ 46,978 $ 37,684
Contract liabilities - -
Long-term income taxes payable - $ 3,796
Deferred income taxes - $ 202
Other long-term liabilities $ 6,576 $ 4,980
Common stock $ 4 $ 31,580
Capital in excess of par value $ 36,645 -
Accumulated net unrealized holding gain on derivatives - $ (299)
Accumulated minimum pension liability $ (193) -
Accumulated net actuarial valuation & other pension expenses - $ (259)
Accumulated net foreign currency translation adjustment $ 5 -
Accumulated translation & other adjustments - $ (4)
Unrealized holding gains (losses) on Derivatives $ (27) -
Accumulated other comprehensive income (loss) $ (215) $ (562)
Retained earnings $ 69,156 $ 70,405
Common Share Capital including Additional Paid in Capital - Total $ 36,649 -
Total stockholders' equity $ 105,590 $ 101,423
Non-controlling interests $ 4,375 $ 1,863
Total stockholders' equity $ 109,965 $ 103,286
Cash Flows
Exchange rate used is that of the Year End reported date
As Reported Annual Cash Flow
Report Date 12/30/2023 12/31/2022
Currency USD USD
Audit Status Not Qualified Not Qualified
Consolidated Yes Yes
Scale Millions Millions
Cash & cash equivalents, beginning of period $ 11,144 $ 4,827
Net income (loss) $ 1,675 $ 8,017
Depreciation $ 7,847 $ 11,128
Share-based compensation $ 3,229 $ 3,128
Restructuring & other charges $ (424) $ 1,074
Amortization of intangibles $ 1,755 $ 1,907
Losses (gains) on equity method investments, net $ (42) -
Losses (gains) on equity investments, net - $ (4,254)
Losses (gains) on divestitures - $ (1,059)
Accounts receivable $ 731 $ 5,327
Inventories $ 2,097 $ (2,436)
Accounts payable $ (801) $ (29)
Accrued compensation & benefits $ (614) $ (1,533)
Customer deposits & prepaid supply agreements - -
Prepaid customer supply agreements - $ (24)
Income taxes $ (3,531) $ (4,535)
Other assets & liabilities $ (451) $ (1,278)
Total adjustments - $ 7,416
Net cash flows from operating activities $ 11,471 $ 15,433
Additions to property, plant & equipment $ (25,750) $ (24,844)
Additions to held for sale NAND property, plant, & equipment - $ (206)
Acquisitions, net of cash acquired - -
Purchases of available-for-sale investments - -
Maturities & sales of available-for-sale debt investments - -
Purchase of short-term investments - $ (43,647)
Maturities & sales of short-term investments - $ 48,730
Maturities & sales of available-for-sale investments $ 472 -
Purchases of trading assets $ (44,414) -
Maturities & sales of trading assets $ 44,077 -
Purchases of equity investments $ (399) $ (510)
Proceeds from divestitures - $ 6,579
Sales of equity investments - $ 4,961
Other investing activities $ 962 $ (1,540)
Proceeds from capital-related government incentives $ 1,011 -
Net cash flows from investing activities $ (24,041) $ (10,477)
Issuance of commercial paper, net of issuance costs - $ 3,945
Payments on finance leases $ (96) $ (345)
Partner contributions $ 1,511 $ 874
Proceeds from Mobileye initial public offering ("IPO") - $ 1,032
Issuance of term debt, net of issuance costs $ 11,391 $ 6,548
Repayment of term debt & debt conversions $ (423) $ (4,984)
Proceeds from sales of common stock through employee equity incentive plans $ 1,042 $ 977
Repurchase of common stock - -
Payment of dividends to stockholders $ (3,088) $ (5,997)
Other financing activities $ (847) $ (689)
Repayment of commercial paper $ (3,944) -
Proceeds from sales of subsidiary shares $ 2,959 -
Net cash flows from financing activities $ 8,505 $ 1,361
Net increase (decrease) in cash & cash equivalents $ (4,065) $ 6,317
Cash & cash equivalents, end of period $ 7,079 $ 11,144
Cash paid during the year for interest, net of capitalized interest $ 613 $ 459
Cash paid during the year for income taxes, net of refunds $ 2,621 $ 4,282

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