The financial statements of P&G are presented in Appendix B. The company’s complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&G’s 2018 financial statements and the accompanying notes to answer the following questions.
(a) What cash outflow obligations related to the repayment of long-term debt does P&G have over the next 5 years?
(b) P&G indicates that it believes that it has the ability to meet business requirements in the foreseeable future. Prepare an assessment of its solvency using ratio analysis.
(c) Using P&G’s financial statements and related notes, identify items that may result in adjusting entries for deferrals and accruals. rn
