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partial classified balance sheet for boeing the following items appear on the consol 4240694

Partial Classified Balance Sheet for Boeing The following items appear on the consolidated balance sheet of Boeing Inc. at December 31, 2008 (in millions). The information in parentheses was added to aid in your understanding. Accounts payable and other liabilities ……………$17 ,587 Accrued retiree healthcare ………………..7,327 Advances in excess of related costs ………………12,737 Short-term debt and current portion of long-term debt ………..560 Income tax payable ……………………41 Long-term debt …………………….6,952 Other long-term liabilities …………………337 Accrued pension liability (long-term) …………….8,383 Other non-current income taxes payable ……………1,154 Required1. Prepare the Current Liabilities and Long-Term Liabilities sections of Boeing’s classified balance sheet at December 31, 2008.2. Boeing had total liabilities of $49,981 and total shareholders’ equity of $9,004 at December 31, 2007. Total shareholders’ equity amounted to ($1,294) at December 31, 2008. (All amounts are in millions.) Compute Boeing’s debt-to equity ratio at December 31, 2008 and 2007. As an investor, how would you react to the changes in this ratio?3. What other related ratios would the company’s lenders use to assess the company? What do these ratios measure? View Solution:
Partial Classified Balance Sheet for Boeing The following items

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