Assignment_Cash_flow

Assignment_Cash_flow - You are required to submit your answer exclusively by emailing an attached.rtf or file to http/www.turnitin.com and linking

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You are required to submit your answer exclusively by emailing an attached .rtf or .doc file to http://www.turnitin.com and linking to ―act3607 – Cash flow‖. Visit TURNITIN to know the details and deadline for paper submission. Following the acquisition of TAT during Year 8, Maurice Co. released its Year 8 financial statements, which are reproduced hereafter together with some other data. Maurice Co. Balance Sheet ($ millions) December 31, Year 8and Year 7 Year 8 Year 7 Assets Cash and cash equivalents $ 168 $ 90 Accounts receivable 2,222 2,065 Inventories 5,384 4,154 Current assets 7,774 6,309 Property, plant, and equipment, net 8,648 6,582 Goodwill, net 15,071 4,052 Investments 3,260 3,665 Total assets $34,753 $20,608 Liabilities and Stockholders’ Equity Short-term debt $1,259 $1,440 Accounts payable 1,777 791 Accrued liabilities 3,848 2,277 Income taxes payable 1,089 727 Dividends payable 260 213 Current liabilities 8,233 5,448 Long-term debt
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This note was uploaded on 06/11/2011 for the course ACCT 3607 taught by Professor Mike during the Spring '11 term at Assumption College.

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Assignment_Cash_flow - You are required to submit your answer exclusively by emailing an attached.rtf or file to http/www.turnitin.com and linking

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