Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following tables present the summary of the ba

The following Tables present the summary of the balance sheet and income statement items of...

70.2K

Verified Solution

Question

Accounting

image
image
The following Tables present the summary of the balance sheet and income statement items of IBM Company. All values are in millions dollars. A. Balance sheet Items 2019 2018 Cash 8,313 11,604 Marketable securities 696 618 Account receivables 23,795 30,563 Inventory 1,619 1,682 Prepaid expenses 3,997 4,678 Net Fixed Assets 96,457 68,764 Investment in AB Co. stocks 17,309 5,473 Account payables 24,600 21,372 Wages and salaries payable 13,101 16,855 Bond payable (10 yrs.) 54,102 35,605 Notes payable (3 yrs.) 39,398 32,621 Total shareholders' Equity Capital 20,985 16.929 B. Income statement Items Revenues Cost of goods sold 2019 77,147 40,659 2018 79,591 42,655 Salaries & benefits Rent & other expenses Deprecation Interest Taxes (239) Net Income 11,786 4,412 8,780 1,344 731 9,435 13,197 5,000 6,674 723 2,619 8,723 Red Required? A. Compute the Net-operating Asset turnover (NOAT) of IBM Company in 2019. Suppose that the industry average NOAT is 2.5x. Evaluate the asset management performance of the company compared to the industry (6 pts)

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

Accounting
1.2K views

During Heaton Company’s first two years of operations, it reported absorption costing net operating income as...

Biology
1.2K views

Proto-oncogenes are...A. genes that cause cancerB. Viral genes in oncovirusesC. Normal genes that regulate cell...

Basic Math
1.2K views

The Pappas family has two cats Zeus and Athena Together they weigh nine pounds Zeus...

Basic Math
1.2K views

Online courses: A sample of 261 students who were taking online courses were asked to...

Statistics
1.2K views

Given the following information about events A B, and C:P(A) = 0.62P(B) = 0.34P(C) =...

Statistics
1.2K views

2 The accompany i box and whisker plot represents the cost in dollars of twelve...

Algebra
1.2K views

15 points If A and B are 4 x 4 matrices det A 4 det...

Accounting
1.2K views

What type of cost exhibits the behavior shown below? Multiple Choice Variable cost...

Accounting
1.2K views

Bingo Company produces a single product. The cost of producing and...

Accounting
1.2K views

Yates Corporation elects S status, effective for calendar year 2013. Yates' only asset has a...

Accounting
1.2K views

-Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from...

Accounting
1.2K views

Elroy, who is single, has taken over the care of his mother Irene in her...