Chapter 13: Problem BYP 13-4 INTERPRETING FINANCIAL STATEMENTS BYP13-4 The Coca-Cola Company and PepsiCo‚ Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for the Coca-Cola Company and for PepsiCo‚ Inc.‚ are presented here (in millions). Coca-Cola PepsiCo Total current assets 12‚094 8‚639 Total current liabilities 10‚971 6‚752 Net sales 21‚962 29‚261 Cost of goods sold 7‚638
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CFIN4 ANALYSIS OF FINANCIAL STATEMENTS 1/21/15 CHAPTER 2 1 1. 2. Describe the basic financial information that is produced by corporations and explain how the firm’s stakeholders use such information. Describe the financial statements that corporations publish and the information that each statement provides. 2 © 2014 Cengage Learning. All Rights Reserved. May not be copied‚ scanned‚ or duplicated‚ in whole or in part‚ except for use as permitted in a license distributed with a certain product
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positive answer indicates late payments‚ while a negative answer indicates early payments. 4. Pie Corp’s sales last year were $315‚000‚ and its year-end total assets were $355‚000. The average firm in the industry has a total assets turnover ratio (TATO) of 2.4. The firm’s new CFO believes the firm has excess assets that can be sold so as to bring the TATO down to the industry average without affecting sales. By how much must the assets be reduced to bring the TATO to the industry average
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The impact of finance on financial statement 1. Basis financial statement The management of company can control the financial of company through financial statements because it gives detail in all kind of financial record to management. There are three financial statements (i.e. Profit and loss statement‚ balance sheet‚ and cash flow statement). Financial statements should be understandable‚ relevant‚ reliable and comparable. Profit and loss statement (income statement): it reports all incomes
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Analyzing Financial Statements Elizabeth Black HSM/260 October 16‚ 2011 Denise Lindley University of Phoenix Analyzing Financial Statements XYZ Corporation Years 2003/2004/2002 (Respectively Listed One Page after Another) 2003 Current Ratio | | | | | | | | | | | | | | | | | Current Ratio = | Current Assets | | $82‚058.00 | | | 0.87 | | | Current Liabilities | | $93‚975.00 | | | | | | | | | | | | | | | | | | | | | | Long-Term Solvency
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Definition & Meaning: The combined financial statements of a parent company and its subsidiaries. Definition of ’Consolidated Financial Statements’: Consolidated financial statements are the combined financial statements of a company and all of its subsidiaries‚ divisions‚ or suborganizations. Explanation: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries‚ they enable you to gauge the overall health of an entire
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Chapter 2 Introduction to Financial Statement Analysis 2-1. What are the four main financial statements? What checks are there on the accuracy of these statements? The four financial statements are: the balance sheet‚ the income statement‚ the statement of cash flows‚ and the statement of changes in shareholders’ equity. Financial are required to be audited by a neutral third party‚ who checks and ensures that the financial statements are prepared according to GAAP or accounting standards
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are three steps in the analysis of financial statements. These are: Selection‚ classification and interpretation. The first step involves selection of information (data) relevant to the purpose of analysis of financial statements. The second step involved is the methodical classification of the data and the third step includes drawing of inferences and conclusions. The following procedure is adopted for the analysis and interpretation of financial statements. 1) The analyst should acquaint
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FINANCIAL RATIOS AND THE STATE OF HEALTH OF NIGERIAN BANKS Onyeiwu Charles University of Lagos‚ Lagos State‚ Nigeria Email: chasonyeiwu@yahoo.com Tel: 2348023206015. And Aliemeke Goodluck Guarranty Trust Bank Plc‚ Nigeria Email:goodluck.aliemeke@gtbank.com Abstract
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Analyzing Financial Statements By: Whitney Allen (Current ratio‚ long-term solvency ratio‚ contribution ratio‚ programs/expense ratio‚ general and management/expense ratio‚ and revenue/expense ratio for the years 2003 and 2004.) * Current Ratio 2003 2004 * Long-Term Solvency Ratio 2003 2004 * Contribution Ratio 2003 2004 * Programs/Expense Ratio 2003 1.0 2004 1.11 * Management/Expense Ratio 2003 2004 * Revenue/Expense Ratio 2003
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