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sampEx1_Keyf07sp08 (2)

# sampEx1_Keyf07sp08 (2) - 13 Cash paid for taxes = \$39,062...

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Exam 1 Key Fall 07 1. \$35,011.50 Calculator: \$35,006.035 2. Calculator: \$885,881.22 Table: \$886,400 3. a. 1,181,250 shares b. \$5.20 + (.40/sh) = \$4.70/sh 4. Cash: \$420,000 5. \$540,000 6. \$36,000 Int exp \$36,000 Int pay \$36,000 7. A/R: \$90,400 M/I: \$94,600 Allowance: \$5,000 8. a. ROA: .082713 b. i) history ii) industry iii) economy @ large 9. Quick: 1.901 10. a. Free cash flow: (\$815) b. reduced financial flexibility; cannot do as many discretionary projects 11. a. Profit Margin: .13386 b. cut COGS; cut other costs 12. A/P turn: \$319,432 = purchases; turn = 20.88 => 17.47 days

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Unformatted text preview: 13. Cash paid for taxes = \$39,062 Also accepted: \$24,812 14. a. Gross margin ratio: .374; profit available to cover other costs & net income 15. Dividends declared: \$60,922 \$60,885 = paid 16. Cash paid for M/I: \$323,812 17. Accruals: A/R, A/P, D/P, Acc Liab, Inc T/P Deferrals: Prepaid expenses, Deferred tax 18. \$33.13 = price paid for 2006; \$33.20 for 2005 19: d 20. c; accept all 21. c 22. a 23. Adverse selection 24. full disclosure 25. treasury stock 26. earnings management 27. going concern 20....
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sampEx1_Keyf07sp08 (2) - 13 Cash paid for taxes = \$39,062...

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