60.1K

Verified Solution

Link Copied!

I do not know what im doing wrong. please help me! its says those results are incorrect

thank you

inicially i found that the fixed assets turnover for the first company was:

2022= average: 1318 fixed assets: 5,3923

2023= average: 1339,5 fixed assets: 5,5162

second company:

2022=average= 21440,5 fixed assets turnover= 3,7400

2023=average=21552 fixed assets turnover=3,850

\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ CONSOUDAUED BALANCE SHEEIS - USD (S) S in Millions } & \multicolumn{2}{|c|}{ Jun. 30,2023} & \multicolumn{2}{|c|}{ Jun. 30,2022} & \multicolumn{2}{|c|}{ Jun. 30,2021} \\ \hline & & & & & & \\ \hline ash and cash equivalents & 5 & 367 & 5 & 183 & 5 & 319 \\ \hline eceivables, net & S & 688 & S & 681 & $ & 604 \\ \hline iventories, net & s & 696 & S & 755 & 5 & 752 \\ \hline repaid expenses and other current assets & s & 77 & $ & 106 & 5 & 154 \\ \hline otal current assets & s & 1.828 & & 1.725 & 5 & 1829 \\ \hline roperty, plant and equipment, net & 5 & 1.345 & 5 & 1.334 & 5 & 1302 \\ \hline Dperating lease right-of-use assets & 5 & 346 & s & 342 & 5 & 332 \\ \hline joodwill & 5 & 1.252 & $ & 1.558 & 5 & 1.575 \\ \hline tademarks, net & $ & 543 & 5 & 687 & 5 & 693 \\ \hline Dther intangible assets, net & $ & 169 & 5 & 197 & $ & 225 \\ \hline Dther assets & 5 & 462 & 5 & 315 & 5 & 378 \\ \hline fotal astets & 5 & 5.945 & 5 & 6.158 & s & 6.334 \\ \hline Current liablitities & & & = & & & \\ \hline Notes and loans payable: & s & 50 & S & 237 & s & - \\ \hline Qurrent operating lease liabilities & 5 & 87 & s & 78 & s & 81 \\ \hline Accounts payable and accrued liabilities & S & 1.659 & $ & 1469 & 5 & 1.675 \\ \hline Income taxes payable & S & 121 & & & $ & - \\ \hline Total current liabilities & 5 & 1.917 & 5 & 1.784 & 5 & 2.056 \\ \hline Lonig-term debt & S & 2.477 & $ & 2.474 & & 2.484 \\ \hline Long-term operating lease liabilities & $ & 310 & S & 314 & S & 301 \\ \hline Other liabilities & $ & 825 & 5 & 791 & $ & 834 \\ \hline Deferred income taxes & s & 28 & 5 & 66 & 5 & 67 \\ \hline Total liabilities & S & 5.557 & S & 5.429 & 5 & 5.742 \\ \hline Commitments and contingencies & & & & & & \\ \hline Stockhoiders' equity & & & & & & \\ \hline Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding & $ & & 5 & & 5 & - \\ \hline Commonstock:$1.00parvalue;750,000,000sharesauthorized;130,741,461sharesissuedasofJune30,2023and2022;and123,820,022and123,152,132sharesoutstandingasoffune30,2023and2022,respectively & $ & 131 & 5 & 131 & S & 131 \\ \hline Additional paid-in capital & 5 & 1.245 & 5 & 1.202 & 5 & 1.186 \\ \hline Retained earnings & 5 & 583 & $ & 1.048 & $ & 1.036 \\ \hline Treasurystock,atcost:6,921,439and7,589,329sharesasofJune30,2023and2022,respectively & 5 & (1.246) & 5 & (1,346) & 5 & (1.396) \\ \hline Accumulated other comprehensive net (loss) income & s & (493) & 5 & (479) & 5 & (546) \\ \hline Total Clorox stockholders' equity & $ & 220 & s & 556 & 5 & 411 \\ \hline Noncontrolling interests & s & 168 & 5 & 173 & 5 & 181 \\ \hline Intalstnekhniderk enuity & s & 788 & 15 & 729 & s & \\ \hline \end{tabular} Income Statement [Abstract] Not sales Cost of products sold Gross profit: Selfing and administrative expenses Advertising costs Research and development costs Goodwill, trodemark and other asset impairments Interest expense Other (income) expense, net Eamings (losses) belore income taxes income taxes Net carnings Less: Net earnings attributable to noncontrolling interests Net earnings attributable to Clorox Net earnings per share attributable to Clorox Basic net earnings per share (in dollars per share) Dilisted net carnings per share (in dollars per share) Weighted average shares outstanding (in thousands) Basic (in shares) Diluted (in shares] 123.589 123.113 125.570 124.181 123.906 127.299 CURRENT ASSETS Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Accounts Receivable, after Allowance for Credit Loss, Current NVENTORIES Inventory. Raw Matetials and Supplies, Net of Reserves Inventory, Work in Process, Net of Reserves Inventory. Finished Goods, Net ol Reserves Inventory, Net, Total Prepaid Expense and Other Assets, Current Assets, Current Property. Piant and Equipment, Net Goodwill Intangible Assets, Net (Excluding Goodwill) Other Assets, Noncurrent Assets CURRENT UABIUTIES Accounts Payable, Current Accrued Liabilities, Current Debt, Current Liabilities, Current Long-term Debt, Excluding Current Maturities Deletred Income Tax Liabilities, Net Other Liabilities, Noncurrent Liabilities SHAREHOLDER' EQUTY Common Stock, Value, Issued Addtitional Paid in Capital Reserve For ESOP Debt Retirement Accumulated Other Compreherisive income (Loss). Net of Tax Treasury Stock, Value Retained Earnings (Accumulated Deficit) Stockholders' Equity Attributable to Noncontrolling Interest Stockholders' Equity, Including Portion Attributabie to Noncontrolling Interest, Total Liabilities and Equity Common Stock, Shares, Issued Common Stock. Par or Stated Value Per Share Common Stock, Shares Authorited Treasury Stock, Shares Preferred Class A \$HAREHOLDERS EQUTY Prelerred Stock, Stated Value, Issued Prelerred Stock, Pat or Stated Value Per Share Preferred Stock, Shares Authorised Preferred Class 8 SHAREHOLDERS EQUTY Preferted Siok , Stated Value, lasued Cost of Goodty and Services Sold Selling, General and Administrative Expense Operating Income interest Expense impestment income, interest Other Nonoperating incoene (Expense) Earnings from Continuing Operations Before Income Taves incorne Taxns on Continuing Operations Net Earnings Net Earninfs Attributable to Noncontrolling interest Net Income (loss) Altributable to Parent BASIC NET EARNINGS PER COMMON SHARE Farnines Per Share, Aasic DILUTED NET EARN NGS PER COMMON SHARE Earning Per Share, Oilusted Juns 30,2023 Jun. 30, 2022 Jun. 30,2021 \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline$ & 82.006,00 & & 5 & 80.187,00 & & 5 & 75.118,00 & \\ \hline \$ & 42.760,00 & & s & 42.157,00 & & 3 & 37.108,00 & \\ \hline 5 & 21.112,00 & & 5 & 20,217,00 & & 5 & 21.024,00 & \\ \hline 5 & 18.134,00 & & 5 & 17,813,00 & & 5 & 17.986,00 & \\ \hline$ & (756,00) & & s & (439,00) & & 5 & (502,00) & \\ \hline$ & 307,00 & & s & 51,00 & & 5 & 45,00 & \\ \hline 5 & 668,00 & & $ & 570,00 & & S. & 86,00 & \\ \hlines & 18.353,00 & & 5 & 17.995,00 & & 5 & 17,615,00 & \\ \hline 5 & 3.615,00 & & 5 & 3.202,00 & & 5 & 3.253,00 & \\ \hline 5 & 14.738,00 & & $ & 14.793,00 & & 5 & 14.352,00 & \\ \hline 5 & 85,00 & & s & 51.00 & & 3 & 46,00 & \\ \hline 5 & 14.653,00 & & 5 & 14.742,00 & & 5 & 14,306,00 & \\ \hline & 6,07 & & 5 & 6,00 & & 5 & 5.89 & \\ \hline 5 & 5,90 & [1] & 5 & 5.81 & [2] & 5 & 5,50 & [1] \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer