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Question 1: During FY 2018, Adelps Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $100,000, and net income of $20,000. Use this information to determine the number of units Adelps sold during FY 2018. (Round answer to nearest whole number)
Question 2: Tows Company manufactures book cases, and each requires 28 board feet of lumber. Tows expects that 1,800 and 1,850 book cases will be built in June and July, respectively. Tows keeps lumber on hand at 35% of the next month's production needs. Use this information to determine number board feet of lumber that Tows Company should buy in June. (Round & enter final answers to the nearest whole number.)
Financial Statement Analysis and Preparation
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This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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