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my assignment is to determine the type of investment (debt or equity) for a publicly traded...

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Accounting

my assignment is to determine the type of investment (debt orequity) for a publicly traded company. I also need to speculate onwhat the investments are and how they are classified. I don't knowhow to find these answers looking at the company (The CloroxCompany) balance sheet. How do I answer these question just lookingat the balance sheet?

Thank you

Answer & Explanation Solved by verified expert
4.1 Ratings (476 Votes)
Find below the Q2 balance sheet report of Clorox Company found on their website Clorox Reports Q2 Fiscal Year 2020 Results Updates Fiscal Year Outlook Balance sheet figures are in million 12312019 6302019 12312018 ASSETS Current assets Cash and cash equivalents 168 111 162 Receivables net 544 631 528 Inventories net 514 512 578 Prepaid expenses and other current assets 77 51 97 Total current assets 1303 1305 1365 Property plant and equipment net 1052 1034 992 Operating lease rightofuse assets 303 Goodwill 1588 1591 1586 Trademarks net 790 791 792 Other intangible assets net 115 121    See Answer
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