Match the item on the left to a numbered item on the right to complete each

Match the item on the left to a numbered item on the

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1). Match the item on the left to a numbered item on the right to complete each sentence. a.Resources that a company owns or controls are called ____________________. b.The difference between a company’s assets and its equity is equal to ___________. c.Net income divided by average assets is known as ____________________. d.Sales, cost of goods sold and all other expenses are necessary to calculate a company’s __________________. 1.liabilities 2.return on assets 3.assets 4.income statement 5.net income Answer: a. 3. b. 1. c. 2. d. 5. 2). Match the item on the left to a numbered item on the right to complete each sentence. 1.income statement 2.balance sheet 3.statement of cash flows 4.statement of shareholders’ equity5.financial statements Answer: a. 2. b. 1. c. 4. d. 3. 3). Fill in the blanks to complete Whole Foods’ Income Statement ($ thousands).Whole Foods Income Statement For Year Ended September 28, 2008 Sales 7,953,912 Cost of goods sold and occupancy costs ? Gross profit 2,706,705 Operating expenses ? Operating income 236,238 Answer: Whole Foods Income Statement For Year Ended September 28, 2008 Sales 7,953,912 Cost of goods sold and occupancy costs 5,247,207 Gross profit 2,706,705 Operating expenses 2,470,467 Operating income 236,238 4). Fill in the blanks to complete Whole Food’s Statement of Cash Flow ($thousands).
HARVARD UNIVERSITY EXTENSION SCHOOL MGMT S-2600: FINANCIAL STATEMENT ANALYSIS STUDY GUIDE FOR MIDTERM EXAM Whole Foods Statement of Cash Flows For Year Ended September 28, 2008 Net cash provided by operating activities $ 325,760 Net cash used in investing activities (365,054) Net cash provided by financing activities 69,828 Net change in cash ? Cash at beginning of year ? Cash at end of year $ 30,534 Answer: Whole Foods Statement of Cash Flows For Year Ended September 28, 2008 Net cash provided by operating activities $ 325,760 Net cash used in investing activities (365,054) Net cash provided by financing activities 69,828 Net change in cash 30,534 Cash at beginning of year 0 Cash at end of year $ 30,534 5). Fill in the blanks to complete Whole Foods’ Balance Sheet ($thousands).Whole Foods Balance Sheet September 28, 2008 Cash $ 30,534 Current liabilities $ 666,177 Non-cash assets ? Long-term liabilities ? Stockholders’ equity1,506,024 Total assets $3,380,736 Total liabilities and equity $ ? Answer: Whole Foods Balance Sheet September 28, 2008 Cash $ 30,534 Current liabilities $ 666,177 Non-cash assets 3,350,202 Long-term liabilities 1,208,535 Stockholders’ equity1,506,024 Total assets $3,380,736 Total liabilities and equity $3,380,736
HARVARD UNIVERSITY EXTENSION SCHOOL MGMT S-2600: FINANCIAL STATEMENT ANALYSIS STUDY GUIDE FOR MIDTERM EXAM 6). Whole Foods reports the following balances in its stockholders’ equity accounts. Fill in the blanks.($ millions) 2008 2007 2006 Retained earnings beginning of year ? ? 486,299 Net income ? 182,740 203,828 Dividends 85,300 121,802 ?

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