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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This note was uploaded on 10/17/2011 for the course ECON 101 taught by Professor Thompson during the Spring '11 term at Michigan State University.

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

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