Accounting assignment

obtain the fiscal 2022 Annual Report for Royal Caribbean and answer the questions in the blue cells in the excel template attached below. 

Royal

For Royal Caribbean do the following: Obtain the fiscal 2021 annual report at:

https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=116506312&type=PDF&symbol=RCL&companyName=Royal+Caribbean+Group&formType=10

–

K&dateFiled=2022-03-01&CK=884887

I. FINANCIAL STATEMENT REVIEW Provide the following for the 2021 fiscal year from the Financial Statements (Item 8 of the Annual Report) in the blue box provided.

Answer

s may be found on face of the financial statements or on footnotes –

How much was Revenues?

$

% of

Total From Ticket sales What % of Sales was from International? From Onboard and other

Total
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How much was Property and Equipment, net –

Detail the P&E balance: Note 6 Note 1, P&E section Categories Gross Asset Balance Useful Life

Total

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Related to Accumulated Depreciation AD balance (Note 7) % of P&E assets depreciated Do not include the balance in Ships under Construction when calculating this % –

Related to depreciation method (Note 1) What depreciation method does Royal use ? What percentage residual value is assigned to the ships? Generally, what is useful life based on? –

Calculate Asset Turnover Ratio for 2019. Use 2019 Revenues. Refer to 2019 BS on next sheet. Formula Amounts

Answer
E.g. A – B = C 100 – 70 30 –

Detail the Intangible balance:

Categories

Net Carrying Value Remaining Life Goodwill (Balance Sheet) Enter other here (from Note 5)

Enter other here (from Note 5)

Enter other here (from Note 5)

Enter other here (from Note 5)

Total

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Goodwill (Note 4) How much in goodwill impairment charge did the Company record for Silverseas in 2021? How much was the goodwill recorded for Silverseas at the end of 2019? What percentage of goodwill was impaired? –

Anything else interesting reported about fixed or intangible assets in the Financial Statements Item 8? II. MANAGEMENT’S DISCUSSION AND REVIEW (MD&A) ANALYSIS Enter the answers to the following from the MD&A (Item 7 of the Annual Report) in the blue box provided. –

Under Results of Operations section, by how much did revenues decrease from 2020 to 2021 and why? –

Under the Future Capital Commitments section, what is the the aggregate cost of the ships on order?

https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=116506312&type=PDF&symbol=RCL&companyName=Royal+Caribbean+Group&formType=10-K&dateFiled=2022-03-01&CK=884887

BS 2019

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