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Refer to the 10-K for 3M.
Required:
1. What does the company report for the following accounts for the most current fiscal year:
Enter your answer in millions.
| a. | Cash and cash equivalents | $fill in the blank 1 |
| b. | Short-term investments* | $fill in the blank 2 |
| c. | Total assets | $fill in the blank 3 |
*also called 'Marketable securities'
2. Assume that the company projects the following:
Cash and cash equivalents will decrease by 19%. Short-term investments will decrease by 50%. Total assets will increase by 25%.
Assume that all other items remain unchanged from the prior year. Provide the next years forecasted balances for the above accounts.
Round your answer to the nearest million.
| a. | Cash and cash equivalents | $fill in the blank 4 |
| b. | Short-term investments | $fill in the blank 5 |
| c. | Total assets | $fill in the blank 6 |
3. Which market risk factor is not listed in the 10-K?
Credit riskInterest rate riskForeign currency exchange price riskCredit risk
4. Which section of the 10-K discusses internal control over financial reporting?
Item 1AItem 6Item 7Item 8Item 9AItem 8
5. Who is responsible for maintaining the companys internal control over financial reporting?
AuditorsCreditorsGovernmentManagementStockholdersManagement
6. What type of opinion was given by the auditors?
According to GAAPMaterialQualifiedUnqualifiedUnqualified
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