Question: Using each line item of data found below re-create the companys balance sheet and income statement (millions) 2020 2019 Sales $256,776 $194,579 Total assets $222,449
Using each line item of data found below re-create the companys balance sheet and income statement
| (millions) | 2020 | 2019 |
| Sales | $256,776 | $194,579 |
| Total assets | $222,449 | $196,456 |
| Total liabilities and equity | $222,449 | $196,456 |
| Total liabilities | 159,279 | 137,913 |
| Less: Cost of goods sold | 158,719 | 156,447 |
| Gross profit | 98,057 | 38,132 |
| Other noncurrent assets | 82,499 | 83,724 |
| Less: Selling, general, & administrative expenses | 81,699 | 25,244 |
| Long-term debt | 64,699 | 71,444 |
| Total equity | 63,170 | 58,543 |
| Other long-term investments | 56,744 | 56,140 |
| Total current liabilities | 53,303 | 44,009 |
| Total current assets | 50,302 | 45,243 |
| Retained earnings | 46,283 | 41,136 |
| Common stock and additional paid-in capital | 45,816 | 45,317 |
| Property, plant, & equipment, gross | 28,934 | 26,869 |
| Less: Treasury stock | 28,929 | 27,910 |
| Accounts payable | 23,093 | 20,316 |
| Right-of-use leased assets | 20,860 |
|
| Accounts receivable, net | 19,617 | 17,631 |
| Long-term operating lease liabilities | 18,926 |
|
| Less: Accumulated depreciation | 16,890 | 15,520 |
| Inventories | 15,516 | 16,450 |
| Other long-term liabilities | 14,057 | 14,783 |
| Other accrued expenses | 12,133 | 10,711 |
| Property, plant, & equipment, net | 12,044 | 11,349 |
| Operating profit (EBIT) | 11,987 | 10,170 |
| Earnings before tax | 9,485 | 13,625 |
| Deferred taxes | 8,294 | 7,677 |
| Deferred revenue | 7,870 | 6,586 |
| Net income | 7,119 | 11,623 |
| Net income to parent company | $7,119 | $11,623 |
| Other current assets | 7,113 | 4,581 |
| Cash & equivalents | $5,683 | $4,059 |
| Less: Depreciation & amortization expenses | 4,371 | 2,718 |
| Current portion of long-term debt | $4,364 | $1,985 |
| Less: Interest expense | 3,035 | 2,619 |
| Marketable securities | 2,373 | 2,522 |
| Less: Income tax expense | 2,366 | 2,002 |
| Other current liabilities | 2,079 | 2,472 |
| Current operating lease liabilities | 1,934 |
|
| Taxes payable | 1,830 | 1,939 |
| Other income (expense) | 454 | 6,074 |
| Gain/(loss) on sale of assets | 79 | 0 |
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