会计英语练习题
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1. Baesd on income statement, balance sheet and cash flow statement of YUM! Brands, Inc. and other information, shown as followings: (48 scores)
(1) Translate 3 cash flow statement items into Chinese: (6 scores)
① Purchases of property, plant, and equipment
② Payment of dividends and other distributions to stockholders
③ Net Increase in cash and cash Equivalents
(2)Calculate required financial indicators on Dec. 31, 2011: (20 scores)
①Current ratio=
②Quick ratio=
③Debt-to-equity=
④long-term debt-to equity=
⑤ Times-interest-earned=
⑥ G ross profit percentage=
⑦Inventory turnover=
⑻Days inventory held=
⑨Receivable turnover=
⑩ Days receivable=
YUM! Brands, Inc. Statement of Income for the Years
Ended Dec. 31, 2011 and 2010
(In millions) 2011 2010 Revenues
Company sales ＄9,365 ＄9,225 Franchise and license fees 196 124 Total revenues 9,561 9,349 Expenses
Cost of goods sold 2,249 2,284
Payroll and employee benefits expense 2,442 2,471
Occupancy and other operating expenses 2,403 2,315
General and administrative expenses 1,187 1,158
Other operating expenses (income) 18 (32)
Total expenses 8,229 8,196
Operating profit 1,262 1,153
Interest expense 154 127
Income before income taxes 1,108 1,026
Income tax expense 284 264
Net income＄ 824 ＄ 762
YUM! Brands, Inc. Balance (Adapted) December 31, 2011,and 2010
(In millions) 2011 2010
ASSETS
Current Assets
Ca sh and cash equivalents……………………＄310 ＄150
Short-term investments…………………………… 15 51
Accounts and note receivable………………… 220 236
Inventories……………………………………… 93 85
Prepaid expenses and other current assets… 263 333
Total Current Assets………………………… 901 855 Property, plant and equipment, at cost. 6,777 ＄6,186
Less: Accumulated depreciation………….. (3,146) (2,830)
Property, plant and equipment, net………… 3,631 3,356
Intangible assets…………………………… 1,009 868
Investments…………………………… .. 138 173
Other assets………………………………… 674 545
Total Assets…………………………… ＄6,353 ＄ 5,797 LIABILITIES
Current Liabilities
Accounts payable………………………… . ＄554 ＄473
Income taxes payable…………………… 37 79
Short-term borrowings (Notes payable)……… 22 211
Sal aries and wages payable………………… 302 274
Othe r current liabilities………………………… 604 586
T otal Current Liabilities……………… 1,724 1,623
Long-term debt…………………………… 2,045 1,649
Other long-term liabilities……………………… 1,147 1,076
Total Liabilities……………………………… 4,916 4,348
SHAREHOLDERS’ EQUITY
Common stock…………………………… 23 20
Paid-in capital 12 14
Treasury stock (8) (6)
Retained earnings…………………… 1,593 1,619
Other equity………………………………. (183) (198)
T otal Shareholders’ Equity………… 1,437 1,449
Total Liabilities and Shareholders’ Equity ＄6,353 ＄5,797