MGMT E -2600 Spring 2015 Exam
MGMT E-2600 Spring 2015 NAME: ____________________________
last first
.
AVT Annual Report and MDA for 2010 Page/ Note
(If wish)
1 How does AVT report Comprehensive Income? (circle one)
On Face of Income Statement In Statement of Stockholders’ Equity In Separate Financial Statement p 41
2 For Note 2 Divestures, for FY 2009, what were numerator and denominator in arriving at EPS impact of $ 0.06? p 49 Note 2
Numerator _____________
Denominator _____________
3. In FY 2009, how many new common shares were issued? ____________
4 In FY 2009, how much was paid in dividends to AVT shareholders? (in thousands) ____________
5 For FY’s 2010, 09 or 08, what was the lowest Gross Profit common size percent? ____________ (xx.x %)
6 For calculation of Diluted EPS in FY 2010 what number of shares was used? (total) ____________
7 In FY 2008 for Technology Solutions (TS), what was its operating income margin as
As reported in Note 16? (ignore impairments, restructuring, etc. charges) ____________ (xx.x%)
8 What are gross Accounts Receivable at the end of FY 2009? (in thousands) ____________
9 What percent of gross Accounts Receivable is uncollectible at the end of FY 2009? ____________ (x.xx%)
(Show 2 places after decimal point)
10 What amount of Accounts Receivable was written off in FY 2009? (thousands) ____________
11 On average, at what price was AVT common stock sold from the start of AVT
through the end of FY 2010? ____________ ($ xx.xx)
SAGE, Inc.(Text example for SAGE)
12 Had ending inventory been completely valued at FIFO, what would Ending Inventory
have been at the end of FY 2012? (thousands) _____________
Text:
Brown Co. purchased a piece of equipment on January 1 last year (Year 1) for $225,000. Management estimates that the equipment will have a useful life of five years and no salvage value. The depreciation expense recorded for tax purposes will be $64,000 this year (Year 2). The company uses the straight-line method of depreciation for reporting purposes. The tax rate is 30%.
13. Will a deferred tax asset or liability be recorded for Year 2? (circle one) Asset Liability
14. How much will be added in Year 2 to the deferred tax account due to timing difference? ____________
AVT -1 S 2015 E-2600
1 In the AVT Statement of Cash Flows Operating Section for period ending July 3, 2010, there is a reconciling item of $60,643.
Try to build up (reconcile) this number from information regarding depreciation and amortization in the financial statement.
This is difficult, and can only be done partially . You will NOT be able to completely justify$ 60,643.
2 In Note 1, page 46, in the "Adoption of Accounting Standard", there is discussion of" $300.0 million Convertible Senior Debentures"
and "retrospective application".
Explain what happened and why:
Also difficult.
3 As of 7/3/2010, how many shares were: Authorized
Issued
In Treasury
Outstanding
4 Did A VT have any LIFO base layer liquidations in 201 0? (See p 122 of text)
Discuss: