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Question

nment CAOULATOR SSAGE HY NSTRUCTOR ,ULL SCRE EN PRIN" R VE esto" ·MCK Exercise 2-4 Suppose the following information (in thousands of dollars) is available for H. 3. Heinz Company-famous for k 30, 2017 etchup and other fine food products-at Apr Prepaid insurance 122,500 Buildings 71,000 Cash Land Goodwill Trademarks Inventory $4,000,700 365,900 1,143,700 2,115,300 3,906,700 Accounts receivable 757,100 Accumulated depreciation-buildings 1,204,800 Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.) H. J. Heinz Company Balance Sheet (Partial) April 30, 2017 in Assets

Explanation / Answer

H.J.Heinz Company Balance Sheet (Partial) at April 30, 2017 (in thousands) Assets: Current Assets Cash 365,900 Accounts Receivable 1,143,700 Prepaid Insurance 122,500 Inventory 1,204,800 Total Current Assets 2,836,900 Property, Plant & Equipment: Land 71,000 Buildings 4,000,700 Less: Accumulated Depreciation -2,115,300 1,885,400 Total Poperty, Plant & Equipment 1,956,400 Intangible Assets Good will 3,906,700 Trademarks 757,100 Total Intangible Assets 4,663,800 Total Assets 9,457,100

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