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SOLUTION MANUAL FOR
FINANCIAL ACCOUNTING FOR
MANAGERS 1ST EDITION BY WAYNE
THOMAS AND DAVID SPICELAND AND
MARK NELSON
CHAPTER 1
A FRAMEWORK FOR FINANCIAL
ACCOUNTING
REAL WORLD PERSPECTIVES
RWP1-1 EDGAR Nike (ticker: NKE)
Requirement 1
a. $23,717 million
b. $9,040 million
c. Total liabilities = Total
assets – total shareholder’s
equity
$23,717 – $9,040 = $14,677
million
Requirement 2
a. $39,117 million. Revenue
increased from the previous
year.
b. $4,029 million. Net income
increased from the previous
year.
©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
Solutions Manual, Chapter 5 5-1
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, Requirement 3
a. Operating cash flow = $5,903 million.
Operating cash flow was more positive
than the previous year.
b. Investing cash flow = −$264 million.
Investing cash flow went from positive
to negative from the previous year.
c. Financing cash flow = −$5,293 million.
Financing cash flow was more negative
than the previous year.
RWP1-2 EDGAR Netflix Inc (ticker: NFLX)
Requirement 1
a. Average paying membership increased
by 23% and average monthly revenue
per
paying membership increased by 5%.
b. $2,795,434 / $20,156,447 = 13.9%
c. $2,652,462, 13% of revenues
Requirement 2
a. $9,801,215 /
$24,504,567 =
40%
b. $33,141 million
5-2 Financial Accounting for Managers
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Solutions Manual, Chapter 5 5-3
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, Requirement 3
a. $20,723,441. Long-term debt
went up from the previous
year.
b. $736,969
Requirement 4
9%
Requirement 5
a. Ernst &
Young
LLP
b. Yes
RWP1-3 EDGAR General Mills Inc. (ticker: GIS)
Requirement 1
First Quarter.
Requirement 2
August 26, 2018. The same quarter of last year is
used as the comparison quarter.
Requirement 3
The quarterly report includes 15 notes.
RWP1-4 EDGAR Nordstrom Inc. (ticker: JWN)
Requirement 1
The COVID-19 pandemic.
Requirement 2
5-4 Financial Accounting for Managers
https://www.stuvia.com/user/papersprime
SOLUTION MANUAL FOR
FINANCIAL ACCOUNTING FOR
MANAGERS 1ST EDITION BY WAYNE
THOMAS AND DAVID SPICELAND AND
MARK NELSON
CHAPTER 1
A FRAMEWORK FOR FINANCIAL
ACCOUNTING
REAL WORLD PERSPECTIVES
RWP1-1 EDGAR Nike (ticker: NKE)
Requirement 1
a. $23,717 million
b. $9,040 million
c. Total liabilities = Total
assets – total shareholder’s
equity
$23,717 – $9,040 = $14,677
million
Requirement 2
a. $39,117 million. Revenue
increased from the previous
year.
b. $4,029 million. Net income
increased from the previous
year.
©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
Solutions Manual, Chapter 5 5-1
https://www.stuvia.com/user/papersprime
, Requirement 3
a. Operating cash flow = $5,903 million.
Operating cash flow was more positive
than the previous year.
b. Investing cash flow = −$264 million.
Investing cash flow went from positive
to negative from the previous year.
c. Financing cash flow = −$5,293 million.
Financing cash flow was more negative
than the previous year.
RWP1-2 EDGAR Netflix Inc (ticker: NFLX)
Requirement 1
a. Average paying membership increased
by 23% and average monthly revenue
per
paying membership increased by 5%.
b. $2,795,434 / $20,156,447 = 13.9%
c. $2,652,462, 13% of revenues
Requirement 2
a. $9,801,215 /
$24,504,567 =
40%
b. $33,141 million
5-2 Financial Accounting for Managers
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©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
Solutions Manual, Chapter 5 5-3
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, Requirement 3
a. $20,723,441. Long-term debt
went up from the previous
year.
b. $736,969
Requirement 4
9%
Requirement 5
a. Ernst &
Young
LLP
b. Yes
RWP1-3 EDGAR General Mills Inc. (ticker: GIS)
Requirement 1
First Quarter.
Requirement 2
August 26, 2018. The same quarter of last year is
used as the comparison quarter.
Requirement 3
The quarterly report includes 15 notes.
RWP1-4 EDGAR Nordstrom Inc. (ticker: JWN)
Requirement 1
The COVID-19 pandemic.
Requirement 2
5-4 Financial Accounting for Managers
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