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SOLUTIONS TO ANALYZE, THINK, COMMUNICATE – CHAPTER 1
ATC 1 – 1 (All dollar amounts are in millions.)
a. $ 2,937
b. Net income increased by $23
STOCKHOLDERS’
c. ASSETS = LIABILITIES + EQUITY
$41,290 = $29,993* + $11,297
* Liabilities must be computed by subtracting equity from
assets.
d. Sales increased by 3.7% from 2017 to 2018.
($74,443 $71,786) $71,786 = 3.7%
Cost of sales increased by 4.3% from 2017 to 2018.
($53,299 $51,125) $51,125 = 4.3%
Selling, general and administrative expenses increased
by 3.9% from 2017 to 2018. ($15,723 $ 15,140) $
15,140 = 3.9%
The largest percentage increase was for cost of sales
expenses.
1-64
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, Full download please contact or qidiantiku.com
ATC 1-2
a.
Income Statements (amounts given are in millions)
Year 6 Year 5 Year 4 Year 3
Revenue $ 860 $1,520 (a) $1,200
$2,720
Cost and Expenses (a) (840) (a) (2,400) (860)
(1,070)
Income from Cont. Op. (b) 20 450 320 (a) 340
Unusual Items -0- 175 (b) (b) ( 40)
(145)
Net Income $ 20 (b) $ $ 175 $ 300
625
Balance Sheets
Cash and Marketable $ 350 $1,720 (c) $ $ 940
Sec. 750
Other Assets 1,900 (c) 1,180 2,500 (c) 2,560
Total Assets $2,250 $2,900 (d) $3,500
$3,250
Liabilities (c)$ 730 (d) $1,001 (d)
$1,555 $1,300
Stockholders’ Equity
Common Stock $ 880$ 720 (e) $ 800
$1,449
Retained Earnings (d) 640 (e) 625 800 (e)
1,400
Total Stockholders’ 1,520 1,345 (f) 2,249 2,200
Equity
Total Liab. and Stk. $2,250 (f) $3,250 $3,500
Equity $2,900
1-65
Full download please contact or qidiantiku.com
SOLUTIONS TO ANALYZE, THINK, COMMUNICATE – CHAPTER 1
ATC 1 – 1 (All dollar amounts are in millions.)
a. $ 2,937
b. Net income increased by $23
STOCKHOLDERS’
c. ASSETS = LIABILITIES + EQUITY
$41,290 = $29,993* + $11,297
* Liabilities must be computed by subtracting equity from
assets.
d. Sales increased by 3.7% from 2017 to 2018.
($74,443 $71,786) $71,786 = 3.7%
Cost of sales increased by 4.3% from 2017 to 2018.
($53,299 $51,125) $51,125 = 4.3%
Selling, general and administrative expenses increased
by 3.9% from 2017 to 2018. ($15,723 $ 15,140) $
15,140 = 3.9%
The largest percentage increase was for cost of sales
expenses.
1-64
Full download please contact or qidiantiku.com
, Full download please contact or qidiantiku.com
ATC 1-2
a.
Income Statements (amounts given are in millions)
Year 6 Year 5 Year 4 Year 3
Revenue $ 860 $1,520 (a) $1,200
$2,720
Cost and Expenses (a) (840) (a) (2,400) (860)
(1,070)
Income from Cont. Op. (b) 20 450 320 (a) 340
Unusual Items -0- 175 (b) (b) ( 40)
(145)
Net Income $ 20 (b) $ $ 175 $ 300
625
Balance Sheets
Cash and Marketable $ 350 $1,720 (c) $ $ 940
Sec. 750
Other Assets 1,900 (c) 1,180 2,500 (c) 2,560
Total Assets $2,250 $2,900 (d) $3,500
$3,250
Liabilities (c)$ 730 (d) $1,001 (d)
$1,555 $1,300
Stockholders’ Equity
Common Stock $ 880$ 720 (e) $ 800
$1,449
Retained Earnings (d) 640 (e) 625 800 (e)
1,400
Total Stockholders’ 1,520 1,345 (f) 2,249 2,200
Equity
Total Liab. and Stk. $2,250 (f) $3,250 $3,500
Equity $2,900
1-65
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