Solution Manual
Financial Accounting for Managers: 2024 Release
by Wayne Thomas
©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
, Solution Manual For
Financial Accounting for Managers: 2024 Release by Wayne ThomasBy 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.
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
©McGraw Hill LLC. 2 No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
All rights reserved.
5-2 Financial Accounting for Managers
,A. $9,801,215 / $24,504,567 = 40%
B. $33,141 Million
©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
, 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
On March 23, 2020, The Company Announced That It Would Be Taking Several Steps In An
Abundance Of Caution To Proactively Strengthen Its Financial Flexibility And Navigate Through
This Unprecedented Situation. Specifically, The Company Suspended Its Quarterly Dividend
Beginning In The Second Quarter Of 2020, Drew Down $800 Million On Its Revolving Credit
Facility, Targeted Further Reductions Of More Than $500 Million In Operating Expenses, Capital
Expenditures, And Working Capital, And Suspended Share Repurchases.
©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
5-4 Financial Accounting for Managers
Financial Accounting for Managers: 2024 Release
by Wayne Thomas
©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
, Solution Manual For
Financial Accounting for Managers: 2024 Release by Wayne ThomasBy 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.
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
©McGraw Hill LLC. 2 No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
All rights reserved.
5-2 Financial Accounting for Managers
,A. $9,801,215 / $24,504,567 = 40%
B. $33,141 Million
©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
, 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
On March 23, 2020, The Company Announced That It Would Be Taking Several Steps In An
Abundance Of Caution To Proactively Strengthen Its Financial Flexibility And Navigate Through
This Unprecedented Situation. Specifically, The Company Suspended Its Quarterly Dividend
Beginning In The Second Quarter Of 2020, Drew Down $800 Million On Its Revolving Credit
Facility, Targeted Further Reductions Of More Than $500 Million In Operating Expenses, Capital
Expenditures, And Working Capital, And Suspended Share Repurchases.
©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
5-4 Financial Accounting for Managers
