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Consider the following:
Income statement (extract)
2004
EUR
2003
2002
Sales
20,000
25,000
24,000
Balance sheet (extract)
31 Dec, 2004
31 Dec, 2003
31 Dec 2002
Trade and other receivables
1,950
1,900
1,850
Of the total sales, 20 per cent are for cash.
Assuming that VAT is 20 per cent, determine the days to collect trade receivables for the years 2004 and 2003. Comment on the results.
Lee Manufacturing's value of operations is equal to $960.00 million after a recapitalization (the firm had no debt before the recap). Lee raised $244.00 million in new debt and used this to buy back stock. Lee had no short-term investments before or ..
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You are involved in the planning process for a firm that is expected to have a large increase in sales next year. Which type of firm would benefit the most from that sales increase: a firm with low fixed costs and high variable costs or a firm with h..
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At year-end 2013, Wallace Landscaping’s total assets were $1.8 million and its accounts payable were $450,000. Sales, which in 2013 were $2.1 million, are expected to increase by 20% in 2014. Total assets and accounts payable are proportional to sale..
Explain why, in practice, they contain the same information? Repeat the previous problem, but now assume the one-month LIBOR rate on December 1 was 5.5 percent.
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Using the information listed below, prepare a simple Balance Sheet for the XYZ outpatient center: Cash = $765,000; Supplies = $175,000; Plant and Equipment = $405,000 Accounts Payable = $65,000; Non-Current Liabilities = $460,000 Unrestricted Net Ass..
Assume that the required reserve requirement is 10% on checkable deposits and that a bank has $150 million in checkable deposits. If the bank has $ 20 million in total reserves, what amount of excess reserves does this bank hold?
What is the estimated 2018 value of GE's share in Pivotal?- What is GE's implied cost of capital that justified $ 105 M investment?
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