SHORT ANSWER: 1. The Goodyear Tire & Rubber Company’s December 31, 2016 financial statements reported the following (in millions): Total assets Total liabilities Total shareholders’ equity Dividends Net income (loss) Retained earnings, December 31, 2015 $16,511 11,786 4,725 82 1,264 4,570 What did Goodyear report for retained earnings at December 31, 2016? 2. United Airlines’ 2016 balance sheet reported the following (in millions) Total Assets Total Liabilities Contributed Capital $40,091 31,485 3,573 What was United Airlines’ total liabilities and stockholders’ equity at December 31, 2016? 3. The Goodyear Tire & Rubber Company’s December 31, 2016 financial statements reported the following (in millions) Sales Cost of sales Other expenses (excluding cost of sales) $15,158 $10,972 $ 2,902 What did Goodyear report for net income for the year ending December 31, 2016? 4. On December 31, 2016, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): Total assets Total sales Net income 2016 $9,890 $5,996 $692 2015 $9,973 $5,995 $752 Calculate return on assets (ROA) for 2016. 5. In 2016, Kohl’s Corporation had net working capital of $2.273 million and current liabilities of The firm’s current assets are: 6. During fiscal 2016, Mattel had sales of $5,456,650, total expenses of $5,138,628 and gross profit What was Mattel’s cost of sales for 2016? ($ in thousands) 7. in its December 31. 2016 financial statements, Harley-Davidson reported the following (in millions): $2,974 million of $2,554,391 Long-term Assets Current Liabilities Long-term Liabilities otal S2,863-$5,107 $7.970$1 $6,036 57,970 $1.920
