SOLUTION MANUAL
FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND
MARK NELSON
5-1
,CHAPTER 1 nf
nf A FRAMEWORK FOR FINANCIAL ACCOUNTING
nf nf nf nf
REAL WORLD PERSPECTIVES
nf nf nf
RWP1-1 EDGAR Nike (ticker: NKE)
nf nf nf nf
Requirement 1 nf
a. $23,717 million nf
b. $9,040 million nf
c. Total liabilities = Total assets –
nf nf nf nf nf
total shareholder’s equity
nf nf nf
$23,717 – $9,040 = $14,677 millionnf nf nf nf nf
Requirement 2 nf
a. $39,117 million. Revenue increased from the previous year.
nf nf nf nf nf nf nf
b. $4,029 million. Net income increased from the previous yea
nf nf nf nf nf nf nf nf
r.
Requirement 3 nf
a. Operating cash flow = $5,903 million. Operating cash flow was more positive
nf nf nf nf nf nf nf nf nf nf nf
than the previous year.
nf nf nf
b. Investing cash flow = −$264 million. Investing cash flow went from positive t
nf nf nf nf nf nf nf nf nf nf nf nf
onegative from the previous year.
n
f nf nf nf nf
c. Financing cash flow = −$5,293 million. Financing cash flow was more negativ
nf nf nf nf nf nf nf nf nf nf nf
e
than the previous year.
nf nf nf
RWP1-2 EDGAR Netflix Inc (ticker: NFLX)
nf nf nf nf nf
Requirement 1 nf
5-2
,a. Average paying membership increased by 23% and average monthly revenue
nf nf nf nf nf nf nf nf nf nf
per
paying membership increased by 5%.
nf nf nf nf
b. $2,795,434 / $20,156,447 = 13.9%
nf nf nf nf
c. $2,652,462, 13% of revenues
nf nf nf
Requirement 2 nf
a. $9,801,215 / $24,504,567 = 40
nf nf nf nf
%
b. $33,141 million
nf
5-3
, a. $20,723,441. Long- n f
term debt went up from the previous year.
nf nf nf nf nf nf nf
b. $736,969
Requirement 4 nf
9%
Requirement 5 nf
a. Ernst & Young LLP
nf nf nf
b. Yes
RWP1-3 EDGAR General Mills Inc. (ticker: GIS)
nf nf nf nf nf nf
Requirement 1 nf
First Quarter.
nf
Requirement 2 nf
August 26, 2018. The same quarter of last year is used as the comparison quarter.
nf nf n f nf nf nf nf nf nf nf nf nf nf nf
Requirement 3 nf
The quarterly report includes 15 notes.
nf nf nf nf nf
RWP1-4 EDGAR Nordstrom Inc. (ticker: JWN)
nf nf nf nf nf
Requirement 1 nf
The COVID-19 pandemic.
nf nf
5-4
FINANCIAL ACCOUNTING FOR MANAGERS 1ST EDITION BY WAYNE THOMAS AND DAVID SPICELAND AND
MARK NELSON
5-1
,CHAPTER 1 nf
nf A FRAMEWORK FOR FINANCIAL ACCOUNTING
nf nf nf nf
REAL WORLD PERSPECTIVES
nf nf nf
RWP1-1 EDGAR Nike (ticker: NKE)
nf nf nf nf
Requirement 1 nf
a. $23,717 million nf
b. $9,040 million nf
c. Total liabilities = Total assets –
nf nf nf nf nf
total shareholder’s equity
nf nf nf
$23,717 – $9,040 = $14,677 millionnf nf nf nf nf
Requirement 2 nf
a. $39,117 million. Revenue increased from the previous year.
nf nf nf nf nf nf nf
b. $4,029 million. Net income increased from the previous yea
nf nf nf nf nf nf nf nf
r.
Requirement 3 nf
a. Operating cash flow = $5,903 million. Operating cash flow was more positive
nf nf nf nf nf nf nf nf nf nf nf
than the previous year.
nf nf nf
b. Investing cash flow = −$264 million. Investing cash flow went from positive t
nf nf nf nf nf nf nf nf nf nf nf nf
onegative from the previous year.
n
f nf nf nf nf
c. Financing cash flow = −$5,293 million. Financing cash flow was more negativ
nf nf nf nf nf nf nf nf nf nf nf
e
than the previous year.
nf nf nf
RWP1-2 EDGAR Netflix Inc (ticker: NFLX)
nf nf nf nf nf
Requirement 1 nf
5-2
,a. Average paying membership increased by 23% and average monthly revenue
nf nf nf nf nf nf nf nf nf nf
per
paying membership increased by 5%.
nf nf nf nf
b. $2,795,434 / $20,156,447 = 13.9%
nf nf nf nf
c. $2,652,462, 13% of revenues
nf nf nf
Requirement 2 nf
a. $9,801,215 / $24,504,567 = 40
nf nf nf nf
%
b. $33,141 million
nf
5-3
, a. $20,723,441. Long- n f
term debt went up from the previous year.
nf nf nf nf nf nf nf
b. $736,969
Requirement 4 nf
9%
Requirement 5 nf
a. Ernst & Young LLP
nf nf nf
b. Yes
RWP1-3 EDGAR General Mills Inc. (ticker: GIS)
nf nf nf nf nf nf
Requirement 1 nf
First Quarter.
nf
Requirement 2 nf
August 26, 2018. The same quarter of last year is used as the comparison quarter.
nf nf n f nf nf nf nf nf nf nf nf nf nf nf
Requirement 3 nf
The quarterly report includes 15 notes.
nf nf nf nf nf
RWP1-4 EDGAR Nordstrom Inc. (ticker: JWN)
nf nf nf nf nf
Requirement 1 nf
The COVID-19 pandemic.
nf nf
5-4
