ADMS 3595 Chapter Notes - Chapter 13: Asset, Finance Lease, Canadian Tire

125 views6 pages

ceruleanbutterfly567

23 Mar 2016

School

York University

Department

Administrative Studies

Course

ADMS 3595

Professor

Sung Kwon

For unlimited access to Textbook Notes, a Class+ subscription is required.

Document Summary

Canadian tire corporation limited. (a) canadian tire"s current liabilities include the following amounts: ($ millions) Trade and other payables includes liabilities such as deferred revenue and derivatives. It probably mainly relates to regular trade accounts receivable, but it is possible that the accrued liabilities would include items like wages and salaries payable, gst and sales taxes payable, dividends payable, vacation pay accruals, and interest payable. Canadian tire corporation limited. (continued) (b) (1) working capital = current assets less current liabilities. Acid-test ratio = other receivables + loans receivable. Canadian tire corporation limited. (continued) (4) five year history: Canadian tire corporation"s liquidity is good in general, since it has sufficient current assets to meet current liabilities. Its sound working capital position is reflected in its acid-test and current ratio. Its acid-test ratio also indicates that the company has a high proportion of liquid current assets. However, its liquidity has been fluctuating for the last.

Related Questions

Complete the balance sheet:

Current Liabilities:

CURRENT LIABILITIES

Notes, short-term (due within 12 months)

$61,200.00

$57,877.00

Current part, long-term debt

$13,509.00

Other current liabilities

$80,500.00

$83,988.00

TOTAL CURRENT LIABILITIES

Notes payable to stockholders

$63,899.00

LESS: Short-term portion

Retained earnings - beginning

$26,500.00

$35,963.00

Retained earnings - current

TOTAL OWNERS' EQUITY

$337,500.00

TOTAL LIABILITIES AND EQUITY

$835,800.00

$895,700.00

orchiddog901

Common-Size Balance Sheets

Following is the balance sheet for Target Corporation. Prepare Targetâs common-size balance sheets as of January 31, 2015 and February 1, 2014.
(Round your answers to one decimal place.)

($ millions)	January 31, 2015	February 1, 2014
Assets
Cash and cash equivalents	$2,210	$670
Inventory	8,790	8,278
Other current assets	3,087	2,625
Total current assets	14,087	11,573
Property and equipment, net	25,958	26,412
Other noncurrent assets	1,359	6,568
Total assets	$41,404	$44,553
Liabilities and shareholdersâ investment
Accounts payable	$7,759	$7,335
Accrued and other current liabilities	3,886	4,299
Current portion of long-term debt and notes payable	91	1,143
Total current liabilities	11,736	12,777
Long-term debt	12,705	11,429
Deferred income taxes	1,321	1,349
Other noncurrent liabilities	1,645	2,767
Total shareholdersâ investment	13,997	16,231
Total liabilities and shareholdersâ investment	$41,404	$44,553

TARGET CORPORATION Common-Size Balance Sheets
	2015	2014

Cash and cash equivalents	Answer%	Answer%
Inventory	Answer%	Answer%
Other current assets	Answer%	Answer%
Total current assets	Answer%	Answer%
Property and equipment, net	Answer%	Answer%
Other noncurrent assets	Answer%	Answer%
Total assets	Answer%	Answer%

Accounts payable	Answer%	Answer%
Accrued and other current liabilities	Answer%	Answer%
Current portion of long-term debt and notes payable	Answer%	Answer%
Total current liabilities	Answer%	Answer%
Long-term debt	Answer%	Answer%
Deferred income taxes	Answer%	Answer%
Other noncurrent liabilities	Answer%	Answer%
Total shareholdersâ investment	Answer%	Answer%
Total liabilities and shareholdersâ investment	Answer%	Answer%

Create a Sources and Uses Statement using this Balance Sheet:


BALANCE SHEETS
(In millions)

	June 30, 2016	June 30, 2015
Assets
Current assets:
Cash and cash equivalents	$6,510	$5,595
Short-term investments (including securities loaned of $204 and $75)	106,730	90,931
Total cash, cash equivalents, and short-term investments	113,240	96,526
Accounts receivable, net of allowance for doubtful accounts of $426 and $335	18,277	17,908
Inventories	2,251	2,902
Other	5,892	5,461
Total current assets	139,660	122,797
Property and equipment, net of accumulated depreciation of $19,800 and $17,606	18,356	14,731
Equity and other investments	10,431	12,053
Goodwill	17,872	16,939
Intangible assets, net	3,733	4,835
Other long-term assets	3,642	3,117
Total assets	$193,694	$174,472

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$6,898	$6,591
Short-term debt	12,904	4,985
Current portion of long-term debt	0	2,499
Accrued compensation	5,264	5,096
Income taxes	580	606
Short-term unearned revenue	27,468	23,223
Securities lending payable	294	92
Other	5,949	6,555
Total current liabilities	59,357	49,647
Long-term debt	40,783	27,808
Long-term unearned revenue	6,441	2,095
Deferred income taxes	1,476	1,295
Other long-term liabilities	13,640	13,544
Total liabilities	121,697	94,389
Commitments and contingencies
Stockholders' equity:
Common stock and paid-in capital - shares authorized 24,000; outstanding 7,808 and 8,027	68,178	68,465
Retained earnings	2,282	9,096
Accumulated other comprehensive income	1,537	2,522
Total stockholders' equity	71,997	80,083
Total liabilities and stockholders' equity	$193,694	$174,472

harlequinimpala927

ADMS 3595 Chapter Notes - Chapter 13: Asset, Finance Lease, Canadian Tire

Document Summary

Get access

Related Documents

ADMS 3595 Lecture Notes - Lecture 3: Commercial Paper, Quick Ratio, Shoppers Drug Mart

ADMS 3595 Chapter Notes -Defined Benefit Pension Plan, Issued Shares, Accounts Payable

ADMS 3595 Lecture Notes - Interest Bearing Note, Accounts Payable, Current Liability

Related Questions