Group Assignment Missing information
The following selected financial information is available for ROC, Inc. Amounts are in millions of dollars.
|
Income Statements |
2009 |
2008 |
2007 |
2006 |
|
Revenue |
$ 860 |
$1,520 |
$ (a) |
$1,200 |
|
Cost and expenses |
(a) |
(a) |
(2,400) |
(860) |
|
Income from continuing operations |
(b) |
450 |
320 |
(a) |
|
Unusual items |
0 |
175 |
(b) |
(b) |
|
Net income |
$ 20 |
$ (b) |
$ 175 |
$ 300 |
|
Balance Sheets |
||||
|
Assets |
||||
|
Cash and marketable securities |
$350 |
$1,720 |
$ (c) |
$940 |
|
Other assets |
1,900 |
(c) |
2,500 |
(c) |
|
Total assets |
2,250 |
$2,900 |
$ (d) |
$3,500 |
|
Liabilities |
$ (c) |
$ (d) |
$1,001 |
$ (d) |
|
Stockholders’ equity |
||||
|
Common stock |
600 |
720 |
(e) |
800 |
|
Retained earnings |
(d) |
(e) |
800 |
(e) |
|
Total stockholders’ equity |
1,520 |
1,345 |
(f) |
2,200 |
|
Total liabilities and stockholders’ equity |
$2,250 |
$ (f) |
$3,250 |
$3,500 |
a. Divide the class into groups of four or five students each. Organize the groups into four sections. Assign Task 1 to the first section of groups, Task 2 to the second section, Task 3 to the third section, and Task 4 to the fourth section.
Group Tasks
(1) Fill in the missing information for 2006.
(2) Fill in the missing information for 2007.
(3) Fill in the missing information for 2008.
(4) Fill in the missing information for 2009.
b. Each section should select two representatives. One representative is to put the financial statements assigned to that section on the board, underlining the missing amounts. The second representative is to explain to the class how the missing amounts were determined.