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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Selected financial data of ABC and XYZ for a recent year are presented here (in millions).
| Â | Â | ABC | Â | XYZ |
| Â | Â | Corporation | Â | Stores, Inc. |
| Â | Income Statement Data for Year | |||
| Â | Net sales | $61,481 | Â | $374,339 |
| Â | Cost of goods sold | 41,846 | Â | 286,796 |
| Â | Selling and administrative expenses | 16,250 | Â | 70,904 |
| Â | Interest expense | 687 | Â | 1,752 |
| Â | Other income (expense) | 1,879 | Â | 4,246 |
| Â | Income tax expense |
1,667 |
 |
6,783 |
| Â | Net income |
$ 2,910 |
 |
$ 12,350 |
| Â | Â | Â | Â | Â |
| Â |
Balance Sheet Data (End of Year) |
|||
| Â | Current assets | $18,498 | Â | $47,106 |
| Â | Noncurrent assets |
25,132 |
 |
115,600 |
| Â | Total assets |
$43,630 |
 |
$162,706 |
| Â | Â | Â | Â | Â |
| Â | Current liabilities | $ 11,430 | Â | $ 58,112 |
| Â | Long-term debt | 17,548 | Â | 40,796 |
| Â | Total stockholders' equity |
14,652 |
 |
63,798 |
| Â | Total liabilities and stockholders' equity |
$43,630 |
 |
$162,706 |
| Â | Â | Â | Â | Â |
| Â |
Beginning-of-Year Balances |
|||
| Â | Total assets | $37,722 | Â | $151,727 |
| Â | Total stockholders' equity | 15,734 | Â | 61,390 |
| Â | Current liabilities | 10,823 | Â | 51,702 |
| Â | Total liabilities | 22,062 | Â | 89,558 |
| Â | Â | Â | Â | Â |
| Â | Â |
Other Data |
||
| Â | Average net receivables | $6,873 | Â | $ 3,339 |
| Â | Average inventory | 6,345 | Â | 34,538 |
| Â | Net cash provided by operating activities | 4,632 | Â | 20,631 |
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