Learning Team D Financial Reporting Pro
Financial Reporting Problem: Toll Brothers Inc.
Learning Team “D”
ACC/290
Jan 9, 2014
Mark Graves
Financial Reporting Problem
1. What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?
$6,181,044,000
Knowing a company’s total assets is important to determine such things as:
Whether a company has enough assets to pay its debts as they come due
To determine whether cash on hand is sufficient for immediate cash needs
2. What are the total assets at the end of the previous annual reporting period?
$5,055,246,000
3. How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
$778,824,000
4. What amount of accounts payable did the company have at the end of its most recent annual reporting period?
$99,911,000
5. What amount of accounts payable did the company have at the end of the previous annual reporting period?
$96,817,000
6. What are the company’s net revenues for the last two annual reporting periods?
2011: $39,795,000
2012: $487,146,000
7. What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
$447,351,000
8. What are the company’s total current assets at the end of its most recent annual reporting period?
9. What are the total current assets at the end of the previous annual reporting period?
10. What in the information above would be important to a potential investor, employee, and so forth? The information above can be found in the company’s balance sheet and income statement. Creditors analyze a company’s balance sheet to determine the likelihood that they will be repaid. They carefully evaluate the nature of the company’s assets and liabilities. For example, does Toll Brothers Inc. have assets that could be easily sold to repay its debts? Toll Brothers Inc. managers use the balance sheet to determine whether cash on hand
Learning Team “D”
ACC/290
Jan 9, 2014
Mark Graves
Financial Reporting Problem
1. What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?
$6,181,044,000
Knowing a company’s total assets is important to determine such things as:
Whether a company has enough assets to pay its debts as they come due
To determine whether cash on hand is sufficient for immediate cash needs
2. What are the total assets at the end of the previous annual reporting period?
$5,055,246,000
3. How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
$778,824,000
4. What amount of accounts payable did the company have at the end of its most recent annual reporting period?
$99,911,000
5. What amount of accounts payable did the company have at the end of the previous annual reporting period?
$96,817,000
6. What are the company’s net revenues for the last two annual reporting periods?
2011: $39,795,000
2012: $487,146,000
7. What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
$447,351,000
8. What are the company’s total current assets at the end of its most recent annual reporting period?
9. What are the total current assets at the end of the previous annual reporting period?
10. What in the information above would be important to a potential investor, employee, and so forth? The information above can be found in the company’s balance sheet and income statement. Creditors analyze a company’s balance sheet to determine the likelihood that they will be repaid. They carefully evaluate the nature of the company’s assets and liabilities. For example, does Toll Brothers Inc. have assets that could be easily sold to repay its debts? Toll Brothers Inc. managers use the balance sheet to determine whether cash on hand