HOMEWORK - Fall 200928. (0.5 point each, unless otherwise noted) Answer the following related to ConocoPhillips (C) for the year ended December 31, 2008. Note that you can find C’s financial statements and related footnotes on C’s web page OR on the SEC’s web page. (Note that you will probably find it easier to look on C’s web page.)Make sure that you properly express your dollar amounts.$ in millions unless otherwise stateda.Which independent public accounting firm audited C’s financial statements?Ernst & Young – page 57b.As of 12-31-08, what were C’s total assets?$142,865 – balance sheetc.As of 12-31-08, what was C’s working capital amount? Show your work AND indicate if C’s working capital amountis positive or negative.CA – CL $20,843 - $21,780 = $937 negative – balance sheetd.As of 12-31-08, what was C’s total inventory balance?$5,095 – balance sheet and footnote #5e.As of 12-31-08, what amount of C’s total inventory relates to crude oil and petroleum products?$4,232 – footnote #5f.As of 12-31-08, what amount of C’s total inventory is valued on a LIFO basis?
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