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Question: need answer asap need new original answer never used...

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NEED ANSWER ASAP. NEED NEW ORIGINAL ANSWER NEVER USED BEFORE , NEW ANSWER PLEASE!!!!

The Procter & Gamble Company (P&G) The financial statements of P&G are presented in Appendix (thats below). The company’s complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&G’s financial statements and the related information in the annual report to answer the following questions.

(a)   What alternative formats could P&G have adopted for its balance sheet? Which format did it adopt?

(b)   Identify the various techniques of disclosure P&G might have used to disclose additional pertinent financial information. Which technique does it use in its financials?

(c)   In what classifications are P&G’s investments reported? What valuation basis does P&G use to report its investments? How much working capital did P&G have on June 30, 2014? On June 30, 2013?

(d)   What were P&G’s cash flows from its operating, investing, and financing activities for 2014? What were its trends in net cash provided by operating activities over the period 2012–2014? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities.

(e)   Compute P&G’s (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2014. What do these ratios indicate about P&G’s financial condition?

COPY AND PASTE .ANSWER NOT ATTACHMENT.

ANSWER ORIGINAL SOURCE NEVER USED BEFORE. ANSWER THOUGHLY PLEASE

Appendix B Specimen Financial Statements: The Procter & Gamble Company

Consolidated Statements of Earnings

Illustration of consolidated statements of earnings shows 4 columns, with the first displaying different elements of cost and incomes below the label Amounts in millions except per share amounts; Years ended June 30. The other 3 columns show the respective amounts under column headers 2014, 2013, and 2012. There are three sections. In the first section, Net Sales is given as $83,062, $82,581, $82,006. The entries below Net Sales are as follows: Cost of products sold, 42,460, 41,391, 41,411; Selling, general and administrative expense, 25,314, 26,552, 25,984; Goodwill and indefinite-lived intangible asset impairment charges, 308 in 2013, 1,576 in 2012. The amounts are totaled and subtracted from the Net Sales amount and displayed as: Operating Income, 15,288, 14,330, 13,035. The following entries are listed below: Interest expense, 709, 667, 769; Interest income, 100, 87, 77; Other non‐operating income, net, 206, 942, 185. The amounts are totaled and subtracted from the Operating Income amount and displayed as: Earnings From Continuing Operations Before Income Taxes, 14,885, 14,692, 12,528. The Income taxes on continuing operations with respective amounts 3,178, 3,391, and 3,378 is subtracted from Earnings From Continuing Operations Before Income Taxes and the total is displayed as: Net Earnings From Continuing Operations, 11,707, 11,301, 9,150. The Net Earnings From Discontinued Operations with amounts of 78, 101, and 1,754 is added and total is displayed as: Net Earnings, 11,785, 11,402, 10,904. The next line shows the following entry: Less: Net earnings attributable to noncontrolling interests, 142, 90, 148. The Net Earnings Attributable To Procter & Gamble is displayed in the net line with amounts as: $11,643, $11,312, $10,756. The next section shows Basic net earnings per common share sup 1 in the first column. Below this the following entries are listed: Earnings from continuing operations, $4.16, $4.00, $3.18; Earnings from discontinued operations, 0.03, 0.04, 0.64. The amounts are totaled and displayed as: Basic net earnings per common share, 4.19, 4.04, 3.82. The next section has following entries listed below the label Diluted net earnings per common share in the first column: Earnings from continuing operations, $3.98, $3.83, $3.06; Earnings from discontinued operations, 0.03, 0.03, 0.60. The amounts are totaled and displayed as: Diluted net earnings per common share, 4.01, 3.86, 3.66. The next line shows Dividends per common share in the first column with amounts of $2.45, $2.29, and $2.14 in the next three columns. Note for sup 1 reads “Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.”

Consolidated Statements of Comprehensive Income

Illustration of Consolidated Statements of Comprehensive Income shows 4 columns, with the first displaying different elements of cost and incomes below the label Amounts in millions; Years ended June 30. The other 3 columns show the respective amounts under column headers 2014, 2013, and 2012. Net Earnings is given as $11,785, $11,402, $10,904. Below Net Earnings, Other comprehensive income/(loss), net of tax is listed in the first column. The following entries are listed slightly indented, in the next lines: Financial statement translation, 1,044 (bold), 710, negative 5,990; Unrealized gains/(losses) on hedges (net of $209, $92 and $441 tax, respectively), negative 347 (bold), 144, 724; Unrealized gains/(losses) on investment securities (net of $4, $5 and $3 tax, respectively), 9 (bold), negative 24, negative 3; Defined benefit retirement plans (net of $356, $637 and $993 tax, respectively), negative 869 (bold), 1,004, negative 2,010 (bold). The total amount is displayed as: Total other comprehensive income/(loss), net of tax, negative 163 (bold), 1,834, negative 7,279 (bold). The Total other comprehensive income/(loss), net of tax is added to the Net Earnings and the amounts are shown as: Total comprehensive income, 11,622, 13,236, 3,625. The next line shows Less: total comprehensive income attributable to noncontrolling interests, 150, 94, 124. The total amount is displayed as: Total comprehensive income attributable to Procter & Gamble, $11,472, $13,142, $3,501.

Consolidated Balance Sheets

Illustration of Consolidated Balance Sheets shows 3 columns, with the first displaying different elements below the label Amounts in millions; Years ended June 30. The other 2 columns show the respective amounts under column headers 2014 and 2013. There are 3 sections. The Asset section shows the label, Assets, in bold type, in the first column. Below this, Current Assets is listed with the following entries: Cash and cash equivalents, $8,558, $5,947; Available-for-sale investment securities, 2,128 in 2014; Accounts receivable, 6,386, 6,508. Below this, Inventories is shown with the following entries listed slightly indented and their amounts in the numeric columns: Materials and supplies, 1,742, 1,704; Work in process, 684, 722; Finished goods, 4,333, 4,483. The Total inventories shows the amount of 6,759 and 6,909 in the respective columns. The next lines show the following entries: Deferred income taxes, 1,092, 948; Prepaid expenses and other current assets, 3,845, 3,678; Assets held for sale, 2,849 in 2014. The total amount is shown as: Total Current Assets, 31,617, 23,990. The following entries are listed below the Total Current Assets: Property, plant and equipment, net, 22,304, 21,666; Goodwill, 53,704, 55,188; Trademarks and other intangible assets, net, 30,843, 31,572; Other noncurrent assets, 5,798, 6,847. The total amount is calculated and displayed as Total Assets in the first column with amounts $144,266 and $139,263 in the last 2 columns. The next section shows the label, Liabilities and Shareholders' Equity, in bold type, in the first column. Below this, Current Liabilities is listed with the following entries: Accounts payable, $8,461, $8,777; Accrued and other liabilities, 8,999, 8,828; Liabilities held for sale, 660 in 2014; Debt due within one year, 15,606, 12,432. The total amount is displayed as Total Current Liabilities in the first column with amounts 33,726 and 30,037 in the last 2 columns. The following entries are listed below the Total Current Liabilities: Long-Term Debt, 19,811, 19,111; Deferred Income Taxes, 10,218, 10,827; Other Noncurrent Liabilities, 10,535, 10,579. The total amount is displayed as Total Liabilities, 74,290, 70,554. Below this, Shareholders' Equity is shown with the following entries and their amounts in the numeric columns: Convertible Class A preferred stock, stated value $1 per share (600 shares authorized), 1,111, 1,137; Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized), second and third column left blank; Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2014 − 4009.2, 2013 − 4,009.2), 4,009, 4,009; Additional paid‐in capital, 63,911, 63,538; Reserve for ESOP debt retirement, negative 1,340, negative 1,352; Accumulated other comprehensive income/(loss), negative 7,662, negative 7,499; Treasury stock, at cost (shares held: 2014 − 1,298.4, 2013 − 1,266.9), negative 75,805; negative 71,966; Retained earnings, 84,990, 80,197; Noncontrolling interest, 762, 645. The amounts are totaled and displayed as Total shareholders' equity, 69,976, 68,709. The amounts of Total liabilities and shareholders' equity is shown as $144,266 and $139,263.

Consolidated Statements of Shareholders' Equity

Illustration of Consolidated Statements of Shareholders' Equity shows 11 columns, with the first displaying different elements below the label Dollars in millions/Shares in thousands. The other 10 columns show amounts under header Common Shares Outstanding, Common Stock, Preferred Stock, Additional Paid-In Capital, Reserve for ESOP Debt Retirement, Accumulated Other Comprehensive Income/(Loss), Treasury Stock, Retained Earnings, Non-Controlling Interest, Total. The entries start with Balance June 30, 2011 in the first column with amounts in the 10 numeric columns as: 2,765,737, $4,008, $1,234, $62,405, negative $1,357, negative $2,054, negative $67,278, $70,682, $361, $68,001. Below this, the following entries are listed: Net earnings, 10,756, 148, 10,904, in the first, ninth, tenth, and eleventh column; Other comprehensive loss, negative 7,279, negative 7,279 in the first, seventh, and eleventh column; Dividends to shareholders with Common and Preferred, net of tax benefits listed slightly indented in next 2 lines with amounts, negative 5,883, negative 5,883 and negative 256, negative 256 in tenth and eleventh column; Treasury purchases, negative 61,826, negative 4,024, negative 4,024 in first, second, eighth and eleventh column; Employee plan issuances, 39,546, 550, 1,665, 2,215 in the first, second, fifth, eighth and eleventh column; Preferred stock conversions, 4,576, negative 39, 6, 33 in the first, second, fourth, fifth, ninth, and eleventh column; ESOP debt impacts, 50, 50 in the first, ninth, and eleventh column; Noncontrolling interest, net, 220, 87, 307 in the first, fifth, tenth and eleventh column. The amounts are totaled and displayed as Balance June 30, 2012, 2,748,033, 4,008, 1,195, 63,181, negative 1,357, negative 9,333, negative 69,604, 75,349, 596, 64,035. Below this, the following entries are listed: Net earnings, 11,312, 90, 11,402, in the first, ninth, tenth, and eleventh column; Other comprehensive income, 1,834, 1,834 in the first, seventh, and eleventh column; Dividends to shareholders with Common and Preferred, net of tax benefits listed slightly indented in next 2 lines with amounts, negative 6,275, negative 6,275 and negative 244, negative 244 in tenth and eleventh column; Treasury purchases, negative 84,234, negative 5,986, negative 5,986 in first, second, eighth and eleventh column; Employee plan issuances, 70,923, 1, 352, 3,573, 3,926 in the first, second, third, fifth, eighth and eleventh column; Preferred stock conversions, 7,605, negative 58, 7, 51 in the first, second, fourth, fifth, ninth, and eleventh column; ESOP debt impacts, 5, 55, 60 in the first, sixth, ninth, and eleventh column; Noncontrolling interest, net, negative 2, negative 41, negative 43 in the first, fifth, tenth and eleventh column. The amounts are totaled and displayed as Balance June 30, 2013, 2,742,327, 4,009, 1,137, 63,538, negative 1,352, negative 7,499, negative 71,966, 80,197, 645, 68,709. Below this, the following entries are listed: Net earnings, 11,643, 142, 11,785 in the first, ninth, tenth, and eleventh column; Other comprehensive loss, negative 163, negative 163 in the first, seventh, and eleventh column; Dividends to shareholders with Common and Preferred, net of tax benefits listed slightly indented in next 2 lines with amounts, negative 6,658, negative 6,658 and negative 253, negative 253 in tenth and eleventh column; Treasury purchases, negative 74,987, negative 6,005, negative 6,005 in first, second, eighth and eleventh column; Employee plan issuances, 40,288, 364, 2,144, 2,508 in the first, second, fifth, eighth and eleventh column; Preferred stock conversions, 3,178, negative 26, 4, 22 in the first, second, fourth, fifth, ninth, and eleventh column; ESOP debt impacts, 12, 61, 73 in the first, sixth, ninth, and eleventh column; Noncontrolling interest, net, 5, negative 25, negative 20 in the first, fifth, tenth and eleventh column. The amounts are totaled and displayed as Balance June 30, 2014, 2,710,806, $4,009, $1,111, $63,911, negative $1,340, negative $7,662, negative $75,805, $84,990, $762, $69,976.

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