The fifth message

Homework:

1. What is a balance sheet?

      The balance sheet  is presents a snapshot of the investment and

  financing activities of a firm at a moment in time. The  balance sheet

  shows a business `s financial position. The financial statement is called

  the "balance sheet" because the value of assets and the assets and the

  sum of liabilities and stockholders' equity must be equal balance.

2.  What is stockholders' equity in the U.S.?

     "Stockholders" is the name for the owners of a corporation.

  Shareholder `s equity is owners` claim on the assets of a firm. unlike

  creditors, the owners have only a residual interest; that is, owners

  have a claim on all assets in excess of those required to meet

  creditors` claims. The shareholders` equity generally comprises two

  parts :contributed capital and retained earnings.

3. Name one current asset of Oracle in 2005.

    Net Receivables.

  4. What is the value of that current asset?  Please write the

  entire  value in US dollars.  Write the entire value in words.

    Net Receivables was three billion three hundred eight six million US

  dollars.

I am not sure where you got the number, Gita.  In cell B16 of the Oracle balance sheet in Excel, the value of net trade receivables is US$2,

570 million (US$2,570,000,000) (two billion five hundred seventy million US dollars).

 5. Name one current liability of Nike in 2005.

      Account payable.

   6. What is the value of that current liability?  Please write

  the  entire value in US dollars.  Write the entire value in

  words.

        Account payable was one billion nine hundred ninety three million

  in US dollars.

I am not sure where you got the number, Gita.  In cell B28 of the Nike balance sheet in Excel, the value of accounts payable is US$843.9

 million (US$843,900,000) (eight hundred forty-three million nine hundred thousand US dollars).

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