You are the chair of the board of CT Inc., a Canadian-based multinational corporation, which has excess cash totalling $75 million. The company is interested in investing some or all of this in Delmar Corp., one of CT?s key suppliers. The following statements are available for your review.

Required

Using the elements of critical thinking described on the inside front cover, detail the Problem, Goal, Principles, Facts, and a Conclusion for this situation. A bond amortization schedule may be helpful with the analysis.

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Delmar Corp. Delmar Corp. Comparative Balance Sheet Information November 30 (millions of $) Income Statement For Year Ended November 30, 2020 (millions of $) 2019 $ 5 2020 Sales. Cost of goods sold. Gross profit Operating expenses: Depreciation expense?. Other expenses. Total operating expenses. Profit from operations. Income tax expense. Profit.. $ 15 $500 190 Cash.. Accounts receivable (net). Inventory. Prepaid rent. Property, plant, and equipment (net) Accounts payable. Accrued liabilities. Income tax payable. Common shares'. Retained earnings?. 46 80 30 10 75 $310 15 350 22 $ 50 170 300 40 35 220 $ 90 10 150 239 150 231 $ 80