LarsonFFS09 - ype Products Ltd. has its head ofFce in...

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Focus on Financial Statements Online FFS 9-2 FFS 9-3 Chapter 9 Refer to WestJet’s December 31, 2002, balance sheet on page I-12 in Appendix I at the end of the textbook. Required Answer the following questions. 1. WestJet shows cash and cash equivalents on its December 31, 2002, balance sheet. Explain the meaning of cash and cash equivalents . 2. How much cash and cash equivalents did WestJet have on December 31, 2002? 3. By how much did WestJet’s cash and cash equivalents increase or decrease from December 31, 2001, to December 31, 2002? Shoppers Drug Mart Corporation , with its head ofFces in Toronto, Ontario, is Canada’s largest retail drug store group. IPL Inc. has its head ofFce in Saint-Damien, Quebec, and is a leading North American producer of injection- and extrusion-moulded plastic prod- ucts such as packaging containers and handling crates. Sun-R
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Unformatted text preview: ype Products Ltd. has its head ofFce in Kelowna, B.C., and is a producer of juices and fruit snacks. Maple Leaf oods Inc. is a leading Canadian food processor with its head ofFce in Toronto, Ontario. Required 1. What is the cash balance on Shoppers December 28, 2002, balance sheet? What is the cash balance on IPL Inc.s September 28, 2002, balance sheet? 2. What is the cash balance on Sun-Rypes December 31, 2002, balance sheet? What is the cash balance on Maple Leaf oods December 31, 2002, balance sheet? 3. or each of the four businesses described above, identify the net income or net loss for their annual reporting period ending in 2002. 4. Is it possible for a business to be proFtable and have no cash? Explain your answer....
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This note was uploaded on 08/22/2009 for the course ACCT 1202 taught by Professor Carmendima during the Winter '06 term at Niagara College.

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