Quiz1aZ - Solution is at H36:M65 BUS312 Quiz #1 Version D...

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Solution is at H36:M65 BUS312 Quiz #1 Version D The following is known about ABC Corporation. Cost of goods sold during 1996 58% of sales Other expenses during 1996 440 Depreciation during 1996 150 Regard depreciation as the same as CCA 10% Cash on balance sheet at Dec 31st 1995 50 Cash on balance sheet at Dec 31st 1996 60 Accounts receivable at Dec 31st 1995 80 Inventory at Dec 31st 1995 230 Current portion of LTD at Dec 31st 1995 100 Long term debt at Dec 31st 1995 490 Quick (Acid test) ratio at Dec 31st 1996 0.75 Net profit margin for the year 1996 5% Net share purchases during 1996 0 Total equity increased during 1996 by 80 Dividends paid out during the year 1996 20 Amount of LTD due to be repaid each year 100 No new debt was taken during 1996 Accounts payable period (1996) 45 ROE (b.o.p.) for 1996 12.5% During 1996 fixed assets were purchased for 110 Accounts payable for 1996 was the same as AP for 1995 No assets were sold during 1996 All turnovers based on figures from the 1996 financial statements
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This note was uploaded on 05/07/2010 for the course BUS 312 taught by Professor Alan during the Summer '03 term at Simon Fraser.

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Quiz1aZ - Solution is at H36:M65 BUS312 Quiz #1 Version D...

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