United Company's year-end balance sheet reported the following (in millions) Total Assets $100,228 Total Liabilities 78,713
Question:
United Company's year-end balance sheet reported the following (in millions)
Total Assets | $100,228 |
Total Liabilities | 78,713 |
Contributed Capital | 8,933 |
What was United Company's total liabilities and stockholders' equity at December 31?
A) $ 87,646 million
B) $ 91,295 million
C) $ 100,228 million
D) $21,515 million
8. In its 2016 annual report, Kehl's Corporation reported the following (in millions):
| Total assets | $20,362 |
| Total shareholders' equity | $ 7,766 |
| Total liabilities | $12,596 |
What proportion of Kehl's Corporation is financed by nonowners?
A) 44.8%
B) 38.1%
C) 61.9%
D) 61.7%
E) None of these are correct.
The Tread Company's December 31 financial statements reported the following (in millions)
| Sales | $22,737 |
| Cost of sales | $16,458 |
| Other expenses (excluding cost of sales) | $ 4,353 |
What did Tread Company report for net income for the year ending December 31?
A) $ 6,279 million
B) $12,105 million
C) $10,632 million
D) $ 1,926 million
E) $43,548 million
3. The year-end balance sheet of Star Inc. shows total assets of $6,617 million, operating assets of $5,253 million, operating liabilities of $2,822 million, and shareholders' equity of $2,950 million.
The company's year-end net operating assets are:
A) $9,39million
B) $5,253 million
C) $2,431 million
D) $8,075 million
E) None of these are correct.
4. The year-end balance sheet of Fine Foods Inc. reports operating assets of $4,391 million, operating liabilities of $1,653 million, and total liabilities of $2,494 million.
Fine Food's average net operating assets are:
A) $1,897million
B) $4,391 million
C) $6,044 million
D) $2,738 million
E) There is not enough information to calculate the amount.
7. The year-end financial statements of Time Company reveal average shareholders' equity attributable to controlling interest of $845,656 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the company of $29,068 thousand, and average net operating assets of $357,958 thousand.
The company's return on net operating assets (RNOA) for the year is:
A) 8.1%
B) 5.3%
C) 13.4%
D) 42.3%
E) There is not enough information to calculate the ratio.
13. The year-end balance sheet of Macur Corp. reports total assets of $154,955million, operating liabilities of $54,408 million, and total shareholders' equity of $57,598 million.
Macur's nonoperating liabilities are:
A) $112,006 million
B) $ 42,949 million
C) $ 54,498 million
D) $ 97,357 million
E) There is not enough information to calculate the amount.
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