See the attached file (financial statement) for selected financial statements for Micro Chip Computer Corporation. Answer questions 1 and 2 below based on the financial data:
1. Determine the year-to-year percentage annual growth in total net sales.
2. Based only on your answers to question #1, READ MORE »
The Booth Company's sales are forecasted to increase from $1,000 in 2007 to $2,000 in 2008. Here is the balance sheet for December 31, 2007.
Cash 100 Accts Payable 50
Acc Rec 200 Notes Payable 150
Inventory READ MORE »
A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet of the manufacturing w READ MORE »
Reading Railroad common stock is currently priced at $30, and its 8% convertible debentures (issued at par, or $1,000) are priced at $850. Each debenture can be converted into 25 shares of common stock at any time before 2005. What is the conversion price (CP) and the conversion value of the bond? READ MORE »
You are the general manager of a firm that manufactures personal computers. Due to a soft economy, demand for PCs has dropped 50 percent from the previous year. The sales manager of your company has identified only one potential client, who has received several quotes for 10,000 new PCs. Accordin READ MORE »