FIN486 WEEK 2

fin486 week 2

 

P2-14 LIQUIDITY RATIO

Josh smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows:

Cash – $3,200

Marketable securities – 1,000

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P2-21 RATIO PROFICIENCY

McDougal printing inc had sales totaling $40,000,000 in fiscal year 2009. Some ratios for the company are listed below use this information to determine the dollar values of various income statement and balance sheet accounts as requested.

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P3-15 PRO FORMA INCOME STATEMENT

The marketing department of Metroline manufacturing estimates that its sales in 2010 will be $1.5 million. Interest expense is expected to remain unchanged at $35,000 and the firm plans to pay

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P3-21 ETHICS PROBLEM

The SEC is trying to get companies to notify the investment community more quickly when a “material change” will affect their forthcoming financial results. In what sense might a financial manager be seen as “more ethical” if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated?

 
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