ASSIGNMENT I DUE THURSDAY OCTOBER 6 AT 2:30PM IN CLASS Please staple together all of the pages of your answers before...

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ECON 3050 assignment 1

April 14, 2018

ASSIGNMENT I

DUE THURSDAY OCTOBER 6 AT 2:30PM IN CLASS

Please staple together all of the pages of your answers before handing in.

Write down your name and the course (ECON 3050) on the first page.

1-The balance sheet and income statement of Spirex Corporation are given on page 2 below. (All valuesare in millions of dollars.) Refer to these financial statements for the following questions.

Assume that Spirex is listed on the TSX and has 12.5 million shares outstanding in 2015 with a price of $28 per share, up from $26.5 in 2014. The earnings growth is expected to be 15%.

(28pts) a) Complete the following table on the basis of the financial statements provided for Spirex. Write down the formula for each ratio, fill in the numerical value and briefly answer the analysis question.

(22pts)b) Prepare the Statement of Cash Flows (for 2015 only)for Spirex Corporation knowing that $21.7million were paid out in dividends in 2015. (Read carefully section 2.6 on pp. 44-48 in first edition, section2.4,pp. 35-39 in the second edition.)

Balance Sheet and Income Statement Ratios

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