phd doctorate Accounting MOD 3

Chapter 7

Review the 2018 Annual Report (Form 10-K) for Newmont Mining Corporation (financial statements begin on page 107 of the PDF) and respond to the questions / requirements below.

2.Is this company properly handling the asset retirement obligations (AROs) and reclamation (restoration) obligations expected to be incurred?

3. What depreciation, amortization, and/or depletion methods and estimates does this company utilize? Are these methods and estimates appropriate for the particular fixed assets involved?

4. With regard to the extraction of natural resources, what position has this company taken on the issue of “unsuccessful exploration”?

Chapter 8

2.What are the relevant attributes (face amounts, length of terms, interest rates, etc.) of the long-term debt for this company (as discussed in Note 22, “Debt”)?

3. What are the attributes (par value, number of shares authorized, issued, and outstanding) of the common stock for this company?

4. What dividends did this company declare during the most recent fiscal year?

Chapter 9

1.Related to evaluating liquidity, compute the current ratio, quick ratio, average collection period, and days’ sales in inventory for this company.

2. Related to evaluating solvency, compute the debt-to-equity ratio and times-interest-earned ratio for this company.

4. What does the ratio analysis suggest regarding the recent financial performance and financial condition for this company?