Accounting Financial Statement Analysis Case Study Homework Help
Best UK USA UAE Australia Canada China Accounting Financial Statement Analysis Case Study Homework Help Service Online
Financial Statement Analysis Case
Johnson & Johnson
Johnson & Johnson, the world’s leading and most diversified health care corporation, serves its customers through specialized worldwide franchises. Each of its franchises consists of a number of companies throughout the world that focus on a particular health care market, such as surgical sutures, consumer pharmaceuticals, or contact lenses. Information related to its property, plant, and equipment in its 2009 annual report is shown in the notes to the financial statements below.
Property, Plant and Equipment and Depreciation
Property, plant and equipment are stated at cost. The Company utilizes the straight-line method of depreciation over the estimated useful lives of the assets:
|Building and building equipment||20–40 years|
|Land and leasehold improvements||10–20 years|
|Machinery and equipment||2–13 years|
Property, Plant and Equipment
At the end of 2009 and 2008, property, plant and equipment at cost and accumulated depreciation were
|(dollars in millions)||2009||2008|
|Land and land improvements||$ 714||$ 886|
|Buildings and building equipment||8,863||7,720|
|Machinery and equipment||17,153||15,234|
|Construction in progress||2,521||3,552|
|Less accumulated depreciation||14,492||13,027|
The Company capitalizes interest expense as part of the cost of construction of facilities and equipment. Interest expense capitalized in 2009, 2008 and 2007 was $101 million, $147 million and $130 million, respectively.
Depreciation expense, including the amortization of capitalized interest in 2009, 2008 and 2007 was $2.1 billion, $2.0 billion and $1.9 billion, respectively.
Johnson & Johnson’s provided the following selected information in its 2009 cash flow statement.
|Johnson & Johnson|
2009 Annual Report
|Consolidated Financial Statements (excerpts)|
|Net cash flows from operating activities||$16,571|
|Cash flows from investing activities|
|Additions to property, plant and equipment||2,365|
|Proceeds from the disposal of assets||154|
|Acquisitions, net of cash acquired||2,470|
|Purchases of investments||10,040)|
|Sales of investments||7,232|
|Other (primarily intangibles)||109|
|Net cash used by investing activities||7,598|
|Cash flows from financing activities|
|Dividends to shareholders||5,327|
|Repurchase of common stock||2,130|
|Proceeds from short-term debt||9,484|
|Retirement of short-term debt||6,791|
|Proceeds from long-term debt||9|
|Retirement of long-term debt||219|
|Proceeds from the exercise of stock options/excess tax benefits||882|
|Net cash used by financing activities||4,092|
|Effect of exchange rate changes on cash and cash equivalents||161|
|Increase in cash and cash equivalents||5,042|
|Cash and cash equivalents, beginning of year (Note 1)||10,768|
|Cash and cash equivalents, end of year (Note 1)||$15,810|
|Supplemental cash flow data|
|Cash paid during the year for:|
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to email@example.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email firstname.lastname@example.org should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to email@example.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
(a) What was the cost of buildings and building equipment at the end of 2009?
(b) Does Johnson & Johnson use a conservative or liberal method to depreciate its property, plant, and equipment?
(c) What was the actual interest expense incurred by the company in 2009?
(d) What is Johnson & Johnson’s free cash flow? From the information provided, comment on Johnson & Johnson’s financial flexibility
Product Code: ACC307
Looking for Accounting Financial Statement Analysis Case Study Homework Help , please submit your details here with product code mentioned above.