{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Om it the sign in your response dellinc balanc esheet

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: indicated by a m inus sign. Om it the "$" sign in your response.) DELL INC. Balanc e Sheet at J anuary 29, 2010 (dollars in millions ) ASSETS Current As s ets Cas h Short­term inv es tments Rec eiv ables and other as s ets Inv entories Other c urrent as s ets Nonc urrent As s ets Property , plant, and equipment Long­term inv es tments Other nonc urrent as s ets Total as s ets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Ac c ounts pay able $ Other s hort­term obligations Long­term liabilities Stockholders’ Equity Contributed c apital Retained earnings Other s toc k holders ' equity items Total s toc k holders ’ equity and liabilities 4,530 ± 0% 1,440 ± 0% 6,743 ± 0% 872 ± 0% 3,769 ± 0% 17,354 ± 0% 4,482 ± 0% 2,924 ± 0% 3,678 ± 0% $ 28,438 ± 0% $ 8,269 ± 0% 6,620 ± 0% 14,889 ± 0% 8,830 ± 0% 11,479 ± 0% 20,994 ± 0% ­27,754 ± 0% $ 28,438 ± 0% 5. awar d: 0.10 out of 0.10 points P2-5 Part 4 4. Compute Dell’s c urrent ratio for 2009 (y ear ending on J anuary 29, 2010). (Round your answer to 2 decim al places.) Current ratio 1.17 Worksheet Learning Objective: 02­02 Identify what constitutes a business transaction and recognize common balance sheet account titles used in business. Learning Objective: 02­05 Prepare a simple classified balance sheet and analyze the company using the current ratio. P2­5 Part 4 Learning Objective: 02­04 Determine the impact of business transactions on the balance sheet using two basic tools, journal entries and T­accounts. P2-5 Part 4 4. Compute Dell’s c urrent ratio for 2009 (y ear ending on J anuary 29, 2010). (Round your answer to 2 decim al places.) Current ratio 1.17 ± 0% Explanation: Current ratio = Current As s ets Current Liabilities = $17,354 = 1.17 $14,889 P3-4 Analyzing the Effects of T ransactions Using T -Accounts, Preparing F inancial Statements, and Evaluating the T otal Asset T urnover Ratio as a Manager [L O4 , 5 , 6 ] [The following information applies to the questions displayed below.] Brianna Webb, a c onnois s eur of fine c hoc olate, opened Bri’s Sweets in Collegetown on February 1, 2011. The s hop s pec ializ es in a s elec tion of gourmet c hoc olate c andies and a line of gourmet ic e c ream. You hav e been hired as manager. Your duties inc lude maintaining the s tore’s financ ial rec ords . The following trans ac tions oc c urred in February 2011, the firs t month of operations . a. Rec eiv ed four s hareholders ' c ontributions totaling $27,600 c as h to form the c orporation; is s ued s toc k . b. Paid three months ' rent for the s tore at $1,880 per month (rec orded as prepaid ex pens es ). c . Purc has ed and rec eiv ed c andy for $5,500 on ac c ount, due in 60 day s . d. Purc has ed s upplies for $1,430 c as h. e. Negotiated and s igned a two­y ear $11,000 loan at the bank . f. Us ed the money from (e) to purc has e a c omputer for $2,750 (for rec ordk eeping and inv entory trac k ing); us ed the balanc e for furniture and fix tures for the s tore. g. Plac ed a grand opening adv ertis ement in the loc al paper for $500 c as h....
View Full Document

{[ snackBarMessage ]}