For answering parts q and h, note that Microsoft reported total assets of $286.556 millions...

80.2K

Verified Solution

Question

Accounting

imageimageimage

For answering parts q and h, note that Microsoft reported total assets of $286.556 millions on June 30.2019. a. Microsoft reported gross margin of $96.937 (in millions) for FY 2020 . What dollar amount of that gross margin (in millions) resulted from the sale of "Product"? S b. Microsoft reported basic EPS of $5.82 for FY 2020 . Show the numbers reported on p. 57 (the income statement) that can be used to calculate this EPS. Numerator = denominator = 7610 c. What dollar amount (in millions) did Microsoft's customers owe for past purchases at the end of FY 2020 ? S d. What dollar amounts (in milions) did Microsoft expect to collect from customers for past purchaes as of the end of FY 2020 ? S e. What was Microsoft's current ratio at June 30. 2020 ? Round your answer to one decimal place, e.g. 4.2. f. What was Microsoft's profit margin percentage for FY 2020 ? Round your answer to one decimal place. % g. What was Microsoft's asset turnover ratio for FY 2020 ? Round your answer to two decimal places. e.g. 2.76. h. What was Microsoft's ROA (return on assets) for FY 2020 ? Round your answer to one decimal place and remember that ROA is expressed as a percentage. % ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS limnPA BALANCE SHEETS \{In millinns\} June 30, Assets Current assiets: Liabilities and stockholders' equity Current Iablities Accounts payable Current portion of long-term debt Accrued compensation Short-term income laxes Short-term unearned revenue Other current I ablites Total current liabilities Long-terrm debt Long-erm income taxes Long-term uncarned revenue Deferred income taxes Operating lease liabilties Other lig-term Iablities Total liabil ties Commitments and contingencies Stnckholders' equity: Refer to accompanying notes. 59

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students