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Accounting project -Johnson and Johnson
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><div> <html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> </head> <body> <p awml:style="header"> <span style="color:#7f7f7f">Page</span> |<span></span> </p> </body> <div> <span></span><span style="font-size:12pt;font-family:'Times New Roman'">What amounts of total current and long-term liabilities were reported on the balance sheet?</span> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">Answer:</span> </p> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">Total current liabilities:</span> </p> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">2017 - $30,537 million</span> </p> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">2016 - $26,287 million</span> </p> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">Total Long-term liabilities</span> </p> <p style="margin-bottom:0.000000pt;margin-left:18.000000pt"> <span style="XXXX-size:12pt;XXXX-family:'XXXXX XXX Roman'">XXXX – $XX,XXX - $XX,537 = $XX,606 million</span> </p> <p style="margin-XXXXXX:X.000000pt;margin-XXXX:18.000000pt"> <span style="font-size:12pt;font-family:'Times New XXXXX'">2016 - $70,790 - $26,XXX = $XX,XXX million</span> </p> <p style="margin-XXXXXX:X.000000pt;XXXXXX-XXXX:XX.000000pt"> <span style="font-size:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX'">(XXXX XX)</span> </p> <span></span><span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times XXX Roman'">XX XXXXXXX XXXXXXX, what were XXX top XXXXX current XXXXXXXXXXX XXXXXXXX and XXXXX XXXXXXXX?</span> <p style="XXXXXX-bottom:X.XXXXXXXX;XXXXXX-XXXX:XX.XXXXXXXX"> <span style="font-XXXX:12pt;font-family:'XXXXX New XXXXX'">XXXXXX:</span> </p> <p style="XXXXXX-bottom:0.XXXXXXXX;XXXXXX-left:18.XXXXXXXX"> <span style="XXXX-size:12pt;font-family:'XXXXX New XXXXX'">XXX XXXXX current liabilities accounts and XXXXX balances (based on 2017 figures)</span> </p> <p style="margin-XXXXXX:0.XXXXXXXX;margin-left:XX.000000pt"> <span style="font-XXXX:12pt;XXXX-XXXXXX:'Times XXX XXXXX'">Accounts payable - $7,XXX million</span> </p> <p style="XXXXXX-XXXXXX:0.000000pt;margin-XXXX:18.000000pt"> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX XXX XXXXX'">XXXXXXX liabilities - $X,XXX million</span> </p> <p style="XXXXXX-XXXXXX:X.XXXXXXXX;margin-XXXX:18.000000pt"> <span style="XXXX-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">XXXXXXX rebates, XXXXXXX and XXXXXXXXXX- $X,XXX XXXXXXX</span> </p> <p style="margin-bottom:X.XXXXXXXX;XXXXXX-left:XX.XXXXXXXX"> <span style="font-size:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX'">(XXXX XX)</span> </p> <span></span><span style="XXXX-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">What was XXX XXXXXX of current maturities of long-XXXX XXXX XX XX 12/XX/2017?</span> <p style="XXXXXX-XXXXXX:0.000000pt;XXXXXX-XXXX:XX.000000pt"> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New Roman'">Answer: The XXXXXX of current maturities of XXXX-term XXXX XX of XX/XX/XXXX is $X,499million</span> </p> <p style="XXXXXX-bottom:X.XXXXXXXX;XXXXXX-left:18.XXXXXXXX"> <span style="font-XXXX:XXXX;XXXX-family:'XXXXX New XXXXX'">(page 53)</span> </p> <span></span><span style="font-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX'">Of XXX the bonds (XXXXXXXXXX) issued, XXX XXXXX XXX issuance XX discount or XXXXXXX? If so, how XXXX XXX each type?</span> <p style="margin-XXXXXX:0.000000pt;margin-left:XX.XXXXXXXX"> <span style="XXXX-XXXX:XXXX;font-XXXXXX:'Times XXX XXXXX'">XXXXXX: No debentures XXXX issued at XXXXXXX or XXXXXXXX.</span> </p> <p style="XXXXXX-bottom:0.XXXXXXXX;XXXXXX-left:18.XXXXXXXX"> <span style="font-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">(page XX)</span> </p> <span></span><span style="font-size:XXXX;XXXX-family:'Times New XXXXX'">XXXX XXX XXX aggregate maturity XXXXXXX of the long-term obligations XXX each XX XXX XXXX five years, XXXXXXXXXX in XXXX?</span> <p style="XXXXXX-bottom:X.XXXXXXXX;margin-left:XX.XXXXXXXX"> <span style="font-size:12pt;font-XXXXXX:'Times XXX Roman'">Answer: The XXXXXXXXX XXXXXXXX amounts XX XXX XXXX-term XXXXXXXXXXX XXX XXXX XX the XXXX XXXX XXXXX, commencing in 2018 XXX</span> </p> <p style="XXXXXX-bottom:X.XXXXXXXX;XXXXXX-left:XX.000000pt"> <span style="font-XXXX:XXXX;XXXX-family:'XXXXX XXX Roman'">2018 - $1,499 million</span> </p> <p style="margin-bottom:0.000000pt;margin-XXXX:XX.XXXXXXXX"> <span style="font-XXXX:XXXX;XXXX-family:'XXXXX New XXXXX'">2019 - $2,752 XXXXXXX</span> </p> <p style="margin-XXXXXX:0.XXXXXXXX;XXXXXX-XXXX:18.000000pt"> <span style="font-size:XXXX;font-XXXXXX:'Times XXX XXXXX'">XXXX – 1,105 million</span> </p> <p style="XXXXXX-bottom:X.XXXXXXXX;margin-left:XX.000000pt"> <span style="font-size:12pt;font-family:'Times New Roman'">XXXX – 1,797 million</span> </p> <p style="XXXXXX-XXXXXX:0.000000pt;XXXXXX-XXXX:XX.000000pt"> <span style="XXXX-XXXX:XXXX;font-family:'XXXXX New XXXXX'">XXXX – 2,189 XXXXXXX</span> </p> <p style="margin-XXXXXX:0.000000pt;margin-left:XX.XXXXXXXX"> <span style="XXXX-size:XXXX;font-XXXXXX:'Times XXX Roman'">(XXXX XX)</span> </p> <span></span><span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times XXX Roman'">What XXXX XXX general XXXXXXXXXX XX legal proceedings that J&XXX;J XXXX disclosures of in XXX XXXXXXXX? Did X&XXX;X XXXXXX XXX loss contingencies in XXXX?</span> <p style="XXXXXX-bottom:X.XXXXXXXX;XXXXXX-left:XX.000000pt"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'Times New Roman'">XXXXXX:</span> </p> <p style="XXXXXX-XXXXXX:0.000000pt;margin-XXXX:18.XXXXXXXX"> <span style="XXXX-XXXX:XXXX;XXXX-family:'Times New XXXXX'">XXX XXXXXXX categories XX XXXXX XXXXXXXXXX XXXX X&J made XXXXXXXXXXX of in XXX XXXXXXXX are XXXXXXX XXXXXXXX and XXXXXX XXXXXXXXX XXXXXXX XXXXXXXXX, XXXXXXXXXXXX property, XXXXXXXXXX XXX XXXXX XXXXXXX, governmental XXXXXXXXXXXXXX.</span> </p> <p style="XXXXXX-XXXXXX:0.XXXXXXXX;XXXXXX-XXXX:18.000000pt"> <span style="XXXX-size:12pt;font-XXXXXX:'XXXXX New XXXXX'">In 2017, X&XXX;J accrues loss in contingencies, dependent upon the outcome XX XXX XXX XXXXX XXXXX the various categories. XXXXXXX individual cases XXXXX each of the XXXXX XXXXXXXXX XXXXXXXXXX, for XXXXX XXX loss XX XXXXXXXX and XXX XX reasonably XXXXXXXXX XXX discussed in detail in XXX foot XXXXX XXXXXXX. J&XXX;X XXXXXXXX XXX liabilities XXXX XXX XXXXXXXX and XXX be XXXXXXXXXX estimated.</span> </p> <p style="XXXXXX-bottom:0.000000pt;XXXXXX-left:XX.000000pt"> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New Roman'">(XXXX 74)</span> </p> <span></span><span style="XXXX-XXXX:12pt;XXXX-XXXXXX:'XXXXX XXX Roman'">J&J XXXXXXXXX that it has XXX ability XX meet business XXXXXXXXXXXX in XXX XXXXXXXXXXX future. Use ratio XXXXXXXX to comment on XXX XXXXXXXXX and XXXXXXXX. To XXXXXXX XXXX XXXXXXXXXX, XXXXXXX two XXXXXX each for liquidity and XXXXXXXX. Show XXX XXXXXXX used.</span> <p style="margin-bottom:0.XXXXXXXX;margin-left:18.XXXXXXXX"> <span style="font-XXXX:XXXX;font-XXXXXX:'XXXXX XXX Roman'">Answer:</span> </p> <p style="margin-bottom:X.XXXXXXXX;margin-XXXX:XX.XXXXXXXX"> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX XXX Roman'">Comment XX Liquidity</span> </p> <span></span><span style="XXXX-size:12pt;font-XXXXXX:'Times New XXXXX'">Current ratio - XXXX – 43088/XXXXX = X.XX</span><span></span><span style="XXXX-size:12pt;XXXX-family:'Times XXX XXXXX'">XXXXX XXXXX – 2017 – (XXXXX-8765)/30537 = X.XX</span> <p style="margin-XXXXXX:X.XXXXXXXX;margin-left:18.000000pt"> <span style="XXXX-XXXX:12pt;XXXX-XXXXXX:'XXXXX XXX Roman'">Current XXXXX provides us XXX information XX regards the XXXXXXX of the enterprise to meet the XXXXXXX obligations. XXXX XXX XXXXXXX XXX the quick ratios are more than 1. XXXX indicates that every XXXXX XX XXX current liabilities is XXXXXX XX current assets. For every XXXXXX XX current liabilities, XXX XXXXXXX has $X.XX in current assets. XXXX, it XXX be XXXX XXXX the XXXXXXX XXXX XXX XXXX liquidity XXXXXXX.</span> </p> <p style="margin-XXXXXX:0.XXXXXXXX;margin-XXXX:XX.000000pt"> <span style="XXXX-size:XXXX;XXXX-family:'Times XXX Roman'">Comment on XXXXXXXX</span> </p> <span></span><span style="font-size:XXXX;XXXX-family:'XXXXX XXX XXXXX'">Debt ratio – 97143/XXXXXX = XX.XX%</span><span></span><span style="font-size:12pt;font-XXXXXX:'XXXXX XXX Roman'">XXXX XX XXXXXX – 97143/60160 = X.XX</span> <p style="XXXXXX-bottom:X.000000pt;XXXXXX-left:18.000000pt"> <span style="XXXX-XXXX:12pt;XXXX-XXXXXX:'Times New XXXXX'">XXXXXXXXXXXXX XX% XX the assets XXX XXXXXXXXXXX by XXXX. XXXX, XXX XXXX XXXXXX can XX assumed XX be XXXXXX backed by XXX going XXXXXXX assumption. XXX company XXX XXXX than XXX dollar XX XXXXXX for XXXXX dollar XX XXXX. XXX XXXX XXXXXX XXXXX XX less XXXX XXX and XXXX it can XX considered that risk XX XXXXXXXXXX XX XXXXXX low. XXXXX, it can XX said that the company XX XXXXXX solvent.</span> </p> <p style="XXXXXX-bottom:X.XXXXXXXX;XXXXXX-XXXX:18.000000pt"> <span style="XXXX-size:12pt;font-XXXXXX:'XXXXX New XXXXX'">Thus, it can be concluded XXXX has XXX ability XX meet business requirements in XXX foreseeable future.</span> </p> <p style="XXXXXX-XXXXXX:X.XXXXXXXX;XXXXXX-left:XX.000000pt"> <span style="XXXX-size:12pt;XXXX-family:'XXXXX New XXXXX'">(XXXX XX)</span> <a XXXX="XXXXXXX"> </a> <span style="font-XXXX:12pt;XXXX-family:'Times New XXXXX'"></span> </p> <p awml:style="XXXXXX"> </p> </div> </XXXX> </div>">
