The purpose of this discussion forum is to engage the class by sharing with your...
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Accounting
The purpose of this discussion forum is to engage the class by sharing with your peers the knowledge you have learned from this course. Therefore, this forum is structured to be similar to a "mini-research presentation forum." Each student shares with the class in their discussion posting the knowledge they have gained from their research.
ACG 2021Chapter 8 Learning Objective 5 - View before completing the discussion assignment
Quick Ratio Receivable Turnover Days Sales Outstanding
Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.
To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]
Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:
What is the name of your company?
What is the web address that leads to your financial reports?
Why are you interested in this company?
Calculate the cash ratio.
Calculate the acid-test ratio & accounts receivable turnover ratio.
What have you learned from this analysis?
After you have conducted your research, please share with the class approximately 1-2 paragraphs.
Use proper sentence structure and language.
In order to receive full credit you will need to make a Post ("Start a New Thread") and reply to at least two classmates by the Module due date.
Take a look at the Discussion Forum Grading Rubric in order to understand how you will be evaluated.
The goal of this assignment is to share with your peers "real-world" application of knowledge you have learned from this course.
I used Coca Cola
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents
$ 6,006
$ 8,555
Short-term investments
9,352
9,595
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
15,358
18,150
Marketable securities
5,317
4,051
Trade accounts receivable, less allowances of $477 and $466, respectively
3,667
3,856
Inventories
2,655
2,675
Prepaid expenses and other assets
2,000
2,481
Assets held for sale
219
2,797
Assets held for sale - discontinuing operations
7,329
0
TOTAL CURRENT ASSETS
36,545
34,010
EQUITY METHOD INVESTMENTS
20,856
16,260
OTHER INVESTMENTS
1,096
989
OTHER ASSETS
4,560
4,248
PROPERTY, PLANT AND EQUIPMENT - net
8,203
10,635
TRADEMARKS WITH INDEFINITE LIVES
6,729
6,097
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES
138
3,676
GOODWILL
9,401
10,629
OTHER INTANGIBLE ASSETS
368
726
TOTAL ASSETS
87,896
87,270
CURRENT LIABILITIES
Accounts payable and accrued expenses
8,748
9,490
Loans and notes payable
13,205
12,498
Current maturities of long-term debt
3,298
3,527
Accrued income taxes
410
307
Liabilities held for sale
37
710
Liabilities Held for Sale, Discontinued Operations
1,496
0
TOTAL CURRENT LIABILITIES
27,194
26,532
LONG-TERM DEBT
31,182
29,684
OTHER LIABILITIES
8,021
4,081
DEFERRED INCOME TAXES
2,522
3,753
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY
Common stock, $0.25 par value; Authorized 11,200 shares; Issued 7,040 and 7,040 shares, respectively
1,760
1,760
Capital surplus
15,864
14,993
Reinvested earnings
60,430
65,502
Accumulated other comprehensive income (loss)
(10,305)
(11,205)
Treasury stock, at cost 2,781 and 2,752 shares, respectively
(50,677)
(47,988)
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY
17,072
23,062
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS
1,905
158
TOTAL EQUITY
18,977
23,220
TOTAL LIABILITIES AND EQUITY
$ 87,896
$ 87,270
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