Corporate Discin-BoeingV Available after Monday, March 26,2018 12-00 AM EDT What

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Corporate Discin-BoeingV Available after Monday, March 26,2018 12-00 AM EDT What do the numbers 247 and 777X have in common? They are the first and newest modern airplanes, which are both built by The Boeing Company. The number of passengers on US based flights total over 850 million annually. Before you check your frequent flyer account answer the following questions about Boeing. Start with the hyperlink to get to the 10-K. Answers to questions 1-6 are located in Item 8. All of the numbers in the financial statements for The Boeing Company are listed "in millions. Correct answers to questions 1-6 will have the amount AND "in millions" (This is the same as having multiplied the number by 1,000,000.) The formulas for ratios are located in chapter 10 of the textbook and Power Point. Correct answers to ratios include the correct format and two decimal places. Question 8 is extra credit. 1. What was the Net Income Attributable to Shareholders for the current year? (2 points) 2. What was the Net Income Attributable to Shareholders for the year prior to the current 3. What was the Interest Expense for the current 4. What was the Interest Expense for the year prior 5. What was the Income Tax Expense (Provision for 6. What was the Income Tax Expense (Provision for year? (2 points) year? (2 points) to the current year? (2 points) Income Tax) for the current year? (2 points) Income Tax) for the year prior to the current year? (2 points) current year? (3 points) year prior to the current year? (2 points) 7. What is the Times Interest Earned Ratio for the 8. What is the Times Interest Earned Ratio for the

Explanation / Answer

1. Net Income Attributable to shareholders = Net Earnings - non-controlling interests, sometimes called minority interests. In the 10k of 2017. NE = $ 8197 and NCI = $ 57. Thus, Net Income Attributable to shareholders = $ 8140

2. Similarly for prior year amount would be $ 4895 - $ 60 = $ 4835

3. Interest Expense is $ 360 million for 2017

4. Interest Expense is $ 306 million for 2016

5 and 6. Income Tax Expenses is $ 1850 and $ 673 for 2017 and 2016 respectively

7. 10278000000/1850000000 = 5.55567568

8. 5834000000/673000000 = 8.66864785

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