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Brand Foods Wholesale Corporation operates more than 590 membership warehouses and
employs more than 164,000 people. Its annual report included the following items at August 31,
2011 (in millions of dollars) %) (Click the icon to view the data.) Requirement 1. Prepare a
condensed balance sheet including amounts for the following a. Inventory b. Total stockholders'
equity c. Total liabilities Brand Foods Wholesale Corporation Balance Sheet August 31, 2011 (in
millions) Assets Liabilities and Stockholders' Equity $ 4,024 Accounts payable Cash and cash
equivalents Accounts receivable Inventories Property, net of accumulated depreciation Other
assets S 6,582 2,097 1,258 4.257 996 Accrued liabilities 6,640 Long-term debt 12,369 Other
liabilities 2,751 Total liabilities $ 14,194
Solution
Condensed Balance Sheet:
a. Inventories: Total Assets - Cash and Cash Equivalents - Account Receivables - Property Net
of Accumulated Dep. - Other Assets = Inventories
b. Total Stockholder's Equity: Retained Earning + Other Stockholder's Equity + Common Stock
c. Total Liabilities: Total Assets - Total Stockholder's Equity = Total Liabilities
Other datas are given in Question.
Amount($) (In millions)
Assets:
Cash and Cash Equivalents 4,024
Account Receivables 996
Inventories 6,640
Property, net of accumulated Dep. 12,369
Other Assets 2,751
Total Assets 26,780
Liabilities and Stockholder's Equity
Account Payable 6,582
Accrued Liabilities 2,097
Long Term Debt 1,258
Other Liabilities 4,257
Total Liabilities 14,194
Common Stock 4,559
Retained Earnings 7,082
Other Stockholder's Equity 945
Total Stockholders Equity 12,586
Total Liabilities and Stockholder's Equity 26,780

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Brand Foods Wholesale Corporation operates more than 590 membership wa.docx

  • 1. Brand Foods Wholesale Corporation operates more than 590 membership warehouses and employs more than 164,000 people. Its annual report included the following items at August 31, 2011 (in millions of dollars) %) (Click the icon to view the data.) Requirement 1. Prepare a condensed balance sheet including amounts for the following a. Inventory b. Total stockholders' equity c. Total liabilities Brand Foods Wholesale Corporation Balance Sheet August 31, 2011 (in millions) Assets Liabilities and Stockholders' Equity $ 4,024 Accounts payable Cash and cash equivalents Accounts receivable Inventories Property, net of accumulated depreciation Other assets S 6,582 2,097 1,258 4.257 996 Accrued liabilities 6,640 Long-term debt 12,369 Other liabilities 2,751 Total liabilities $ 14,194 Solution Condensed Balance Sheet: a. Inventories: Total Assets - Cash and Cash Equivalents - Account Receivables - Property Net of Accumulated Dep. - Other Assets = Inventories b. Total Stockholder's Equity: Retained Earning + Other Stockholder's Equity + Common Stock c. Total Liabilities: Total Assets - Total Stockholder's Equity = Total Liabilities Other datas are given in Question. Amount($) (In millions) Assets: Cash and Cash Equivalents 4,024 Account Receivables 996 Inventories 6,640 Property, net of accumulated Dep. 12,369 Other Assets 2,751 Total Assets 26,780 Liabilities and Stockholder's Equity Account Payable 6,582
  • 2. Accrued Liabilities 2,097 Long Term Debt 1,258 Other Liabilities 4,257 Total Liabilities 14,194 Common Stock 4,559 Retained Earnings 7,082 Other Stockholder's Equity 945 Total Stockholders Equity 12,586 Total Liabilities and Stockholder's Equity 26,780