Needles/Powers 2002e Financial and Managerial Accounting

Needles Accounting Resource Center

Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College


	Internet Research Activities Chapter 7: Short-Term Liquid Assets Effects of Credit Policies Instructions: Visit the five annual reports listed below, or choose others from the Annual Reports list included at this site. From information on the Sun Microsystems Income Statement and Balance Sheet linked below, calculate the receivable turnover and average days' sales uncollected. Five Annual Reports: IBM (12/31/2000) Intel (12/30/2000) Eastman Kodak (12/31/2000) National Semiconductor (5/28/2000) Toys "R" Us (1/29/2000) Sun Microsystems Consolidated Income Statement Sun Microsystems Consolidated Balance Sheet Extended Research Activities 1. Go to the Notes to Consolidated Financial Statements of Sun Microsystems How does the company define cash equivalents in the notes to the financial statements? Does this vary from the definition of cash equivalents as stated in the textbook? If so, how? Describe the short-term investments specified in the notes. 2. Read the article "What Is Your Company Hiding?" (Fool.com–March 22, 2001). Describe the measures mentioned in the article for analyzing a company's growth in accounts receivable. How are these measures used to identify companies that may have potentially overstated revenues? Either print out your answers for submission or email them to your instructor.





	ACE Practice Tests

	Chapter Summaries

	Check Figures

	Company Links

	Accounting Transaction Tutor

	Learning Objectives

	Ready Notes

	Business Readings

	Internet Research Activities

	Toys'R'Us Annual Report Activities

	Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)



	SMARTHINKING

	Web Links