Annual Report Part 2
ReNa Bailey
XACC/290
July 12, 2015
Donna Adams

Annual Report
In this portion of Kellogg’s annual report, we will review the assets that are included under the company’s current assets, how the company’s assets are classified, what the cash equivalents are, what the total liabilities for the closing and previous periods are, and determine what information is important for investors, creditors and employees. This information will allow us to access what state the company is in. It will also allow us to determine if the company is in a healthy financial state. 1. Are the assets included under the company’s current assets listed in the proper order? Researching this report was quite extensive. The company’s current assets encompass and they are listed in proper order;
Cash and cash equivalents $ 443
Accounts receivable, net 1,276
Inventories 1,279
Other current assets 342
Total current assets 3,340
Property, net 3,769
Goodwill 4,971
Other intangibles, net 2,295
Other assets 778
Total assets $15,153 2. How are the company’s assets classified? The assets are
Cash and Cash equivalents, Accounts receivable, Inventories, other current assets, property goodwill other tangibles and other assets. 3. What are cash equivalents? Cash equivalents include items that can be sold and can include: * Commercial paper * Marketable securities * Money market funds * Short-term government bonds * Treasury bills 4. What are the company’s total current liabilities at the end of its most recent annual reporting period? Current liabilities
Current maturities of long-term debt $ 607
Notes payable 828
Accounts payable 1,528
Other current liabilities 1,401 5. What are the company’s total current liabilities at the end of the previous annual reporting period? Current maturities of long-term debt $ 289
Notes payable 739