!!!INSTANT DOWNLOAD!!!SOLUTION MANUAL FOR FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND MARK NELSON

SOLUTION MANUAL FOR v v




FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE v v v v v v v




THOMASAND DAVID SPICELAND AND MARK NELSON
v v v v v v v




CHAPTER 1 v




v A FRAMEWORK FOR FINANCIAL ACCOUNTING
v v v v




v REAL WORLD PERSPECTIVES v v




RWP1-1 EDGAR Nike (ticker: NKE) v v v v




Requirement 1 v




a. $23,717 million v




b. $9,040 million v




c. Total liabilities = Total assets – total shareholder’s equity
v v v v v v v v




$23,717 – $9,040 = $14,677 million v v v v v




Requirement 2 v




a. $39,117 million. Revenue increased from the previous year.
v v v v v v v




b. $4,029 million. Net income increased from the previous year.
v v v v v v v v




Requirement 3 v




a. Operating cash flow = $5,903 million. Operating cash flow was more positive
v v v v v v v v v v v




than the previous year.
v v v




b. Investing cash flow = −$264 million. Investing cash flow went from positive
v v v v v v v v v v v




tonegative from the previous year.
v v v v v v




c. Financing cash flow = −$5,293 million. Financing cash flow was more negative
v v v v v v v v v v v




than the previous year.
v v v




RWP1-2 EDGAR Netflix Inc (ticker: NFLX) v v v v v




Requirement 1 v




a. Average paying membership increased by 23% and average monthly revenue per
v v v v v v v v v v




paying membership increased by 5%. v v v v




b. $2,795,434 / $20,156,447 = 13.9% v v v v




c. $2,652,462, 13% of revenues v v v




Requirement 2 v




a. $9,801,215 / $24,504,567 = 40% v v v v




b. $33,141 million v




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
v v v v v v v v v v v v v v v v v v v v




Solutions Manual, Chapter 5
v v v 5-1

,©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
v v v v v v v v v v v v v v v v v v v v




5-2 Financial Accounting for Managers
v v v

,Requirement 3 v




a. $20,723,441. Long-term debt went up from the previous year. v v v v v v v v




b. $736,969

Requirement 4 v




9%

Requirement 5 v




a. Ernst & Young LLP v v v




b. Yes



RWP1-3 EDGAR General Mills Inc. (ticker: GIS)
v v v v v v




Requirement 1 v




First Quarter.
v




Requirement 2 v




August 26, 2018. The same quarter of last year is used as the comparison quarter.
v v v v v v v v v v v v v v




Requirement 3 v




The quarterly report includes 15 notes.
v v v v v




RWP1-4 EDGAR NordstromInc. (ticker: JWN)v v v v v




Requirement 1 v




The COVID-19 pandemic.
v v




Requirement 2 v




On March 23, 2020, the Company announced that it would be taking several steps in an abundanceof
v v v v v v v v v v v v v v v v v




caution to proactively strengthen its financial flexibilityand navigate through this
v v v v v v v v v v v




unprecedentedsituation. Specifically, the Company suspended its quarterly dividend beginning in the
v v v v v v v v v v v v




second quarter of 2020, drew down $800 million on its Revolving Credit Facility, targeted further
v v v v v v v v v v v v v v v




reductions of more than $500 million in operating expenses, capital expenditures, and working capital,
v v v v v v v v v v v v v v




and suspended share repurchases.
v v v v




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
v v v v v v v v v v v v v v v v v v v v




Solutions Manual, Chapter 5
v v v 5-3

, RWP1-5 Financial Analysis: American Eagle v v v v




($ in thousands)
v v




Requirement 1 v




Total assets v = $3,328,679 v




Total liabilities v =
$2,080,826Stockholders’ equity
v v v




=$1,247,853 v




Assets = Liabilities + Stockholders’ Equity v




$3,328,679 = $2,080,826 + $1,247,853

Requirement 2 v




Consolidated Statements of Operations v v v




Requirement 3 v




Net sales
v = $4,308,212
v




Net income
v = $191,257
v




Requirement 4 v




Inflows Outflows
Investing activities v Sale of available-for-sale
v v Capital expenditures for v v




investments propertyand equipment v v




Financing activities v Net proceeds from
v v Repurchase of common stock v v v




stockoptions v v




exercised v




Requirement 5 v




The company’s auditor is Ernst & Young LLP.
v v v v v v v




The auditor states, ―We have audited the accompanying consolidated balance sheets of American Eagle
v v v v v v v v v v v v v




Outfitters, Inc. (the Company) as of February 1, 2020 and February 2, 2019, the related consolidated
v v v v v v v v v v v v v v v v




statements of operations, comprehensive income, stockholders’ equity and cash flows for each of the
v v v v v v v v v v v v v v




three years in the period ended February 1, 2020, and the related notes (collectively referred to as the
v v v v v v v v v v v v v v v v v v




―consolidated financial statements‖). In our opinion, the consolidated financial statements present fairly,
v v v v v v v v v v v v




in all material respects, the financial position of the Company at February 1, 2020 and February2, 2019,
v v v v v v v v v v v v v v v v v v




and the results of its operations and its cash flows for each of the threeyears in the period ended February
v v v v v v v v v v v v v v v v v v v v v




1, 2020, in conformity with U.S. generally accepted accounting principles.‖
v v v v v v v v v v




©McGraw Hill LLC. All rights reserved. No reproduction or further distribution permitted without the prior written consent of McGraw Hill LLC
v v v v v v v v v v v v v v v v v v v v




5-4 Financial Accounting for Managers v v v