Prepare a common size balance sheet, 2005. Refer to the consolidated balance she
ID: 2349021 • Letter: P
Question
Prepare a common size balance sheet, 2005. Refer to the consolidated balance sheets on page 50 of the Intel Corporation annual report in the appendix.Required: Prepare a common size balance sheet at December 31, 2005, using the following captions:
Total current assets
Property, plant, and equipment ( net)
Marketable strategic equity securities and other long- term investments
Goodwill and other long- term assets ( net)
Total assets
Total current liabilities
Total noncurrent liabilities
Total stockholders
Explanation / Answer
Copy following to word it will set according to columns (In Millions, Except Par Value)__________ __2006__ __2005_ Assets Current assets: Cash and cash equivalents ................................................. $ 3,350 $ 7,307 Short-term investments ……………………………………………………………… 5,331 5,490 Trading assets …………………………………………………………………………….. 3,162 2,566 Accounts receivables, net of all allowance for doubtful accounts of $17 ($27 in 2007) ………………………………………………………………… 1,712 2,576 Inventories ………………………………………………………………………………….. 3,744 3,370 Deferred tax assets …………………………………………………………………….. 1,390 1,186 Other current assets …………………………………………………………………… 1,182 1,390 Total current assets .......................................................... 19,871 _23,885 Property, plant and equipment, net ……………………………………….. 17,544 16,918 Marketing equity securities ………………………………………………………. 352 987 Other long-term investments …………………………………………………… 2,924 4,398 Goodwill ………………………………………………………………………………………… 3,932 3,916 Other long-term assets ……………………………………………………………… ___ 6,092 ___5,547 Total assets ………………………………………………………………………………. $ 50,715 $ 55,651 Liabilities and stockholders’ equity Current liabilities: Short-term debt …………………………………………………………………………. $ 102 $ 142 Account payable …………………………………………………………………………. 2,390 2,361 Accrued compensation and benefits …………………………………………. 2,015 2,417 Accrued advertising …………………………………………………………………… 807 749 Deferred income on shipments to distributors …………………………. 463 625 Other accrued liabilities …………………………………………………………….. 2,041 2,277 Total current liabilities ………………………………………………………………. 7,818 8,571 Long-term income taxes payable ……………………………………………. 736 785 Deferred tax liabilities ………………………………………………………………. 46 411 Long-term debt …………………………………………………………………………… 1,886 1,980 Other long-term liabilities ……………………………………………………….. 1,141 1,142 Commitments and contingencies (Notes 18 and 24) Stockholders’ equity: Preferred stock, $0.001 par value, 50 shares authorized; none issued …………………………………………………………………………….. __ __ Common stock, $0.001 par value, 10,000 shares authorized; 5,562 issued and outstanding (5,818 in 2005) and capital in excess of par value …………………………………………………………………. 12,944 11,653 Accumulated other comprehensive income (loss) ……………………. (393) 261 Retained earnings ……………………………………………………………………….. 26,537 30,848 Total stockholders’ equity ……………………………………………………… 39,088 42,762 Total liabilities and stockholders’ equity ………………………… $ 50,715 $ 55,651