Exam 2: Introducing Financial Statements

Miguel decided to open a lemonade stand on Saturdays. Match Miguel's business activities to the following balance sheet items. (Note: each balance sheet item can only be used once). -Borrowed cash from Dad to be repaid in two years.

During fiscal 2016, Mattel had sales of $5,456,650, total expenses of $5,138,628 and gross profit of $2,554,391. What was Mattel's cost of sales for 2016? ($ in thousands)

In 2016, Delphi Automotive PLC had current assets of $5,419 million and current liabilities of $4,148 million. The firm's net working capital is:

Consider the transactions listed. Match them to the financial statement effects listed -Repurchase common stock

Selected balance sheet amounts for Harley Davidson Inc. for five recent years follow. Compute the missing balance sheet amounts for each of the five years.

Consider the transactions listed. Match them to the financial statement effects listed -Prepay insurance expense

In 2016, Caterpillar Inc. reported the following (in millions): What amount did Caterpillar report as equity in 2016?

Indicate the order of appearance on the balance sheet of the liabilities and equity accounts listed on the left.

Consider the transactions listed. Match them to the financial statement effects listed -Receive prepayment from customer

Miguel decided to open a lemonade stand on Saturdays. Match Miguel's business activities to the following balance sheet items. (Note: each balance sheet item can only be used once). -Purchased tent from neighbor, at a garage sale.