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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fine food products—for the year ended April 30, 2014.
Prepaid insurance$ 143,753Buildings$4,088,149Land72,210Cash375,241Goodwill3,918,347Accounts receivable1,174,292Trademarks790,837Accumulated depreciation—buildings2,163,126Inventory1,250,242
Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.)
H. J. HEINZ COMPANY
Partial Balance Sheet
April 30, 2014
(in thousands)
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- Â -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll