his case is focused on a publicly traded company The Proctor and Gamble Company (P&G)’s financial reporting. You will analyze the policies they use for reporting short-term debt and contingencies. You will also analyze their liquidity levels.
Instructions
The financial statements of P&G are presented in Appendix B. The Companys complete annual report, including the notes to the financial statements, is available at P&G Annual Reports. Refer to P&Gs financial statements and the accompanying notes and answer the following questions:
What was P&G’s 2017 short-term debt and related weighted-average interest rate on this debt?
What was P&G’s 2017 working capital, acid-test ratio, and current ratio? Comment on P&G’s liquidity.
What types of commitments and contingencies has P&G reported in its financial statements? What is management’s reaction to these contingencies?
