Matthews Company Presented Below Is Selected Financial Information for Matthews
Question 75
Question 75
Multiple Choice
Matthews Company Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions) Current assets: Cash and cash equivalents Short-term investment Receivables, net Merchandise inventories Other current assets Total current assets Noncurrent assets Total assets $2,4521,4161,2505,1441,36711,6293,567$15,196 Current liabilities: Accounts payable Other current liabilities Total current liabilities Noncurrent liabilities Shareholders’ Equity Total liabilities and shareholders’ equity $5,0302,7277,7572,4694,970$15,196 Revenues Costs and Expenses Operating Income Other income/expense (including interest expense of $90) Income before income tax Income tax expense Net income $40,33938,8891,450(63) 1,387(141) $1,246 Previous Year’s Financial Data Total Assets Shareholders’ Equity $14,0133,989 Working capital for Matthews Corporation is ________.
A) $2,578 B) $4,970 C) $3,872 D) $7,439
Correct Answer:
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