Chapter 11 (7.5 points)

11.1 Identify the types of shares that the company is authorized to issue, and their characteristics. Do these types of shares have the same voting rights? If not, explain why.

11.2 Did the company declare any dividends during the last fiscal year? If so, how much cash did it pay for dividends?

11.3 Identify all the cash flows related to issuance of shares and repurchase of shares during the last fiscal year.

11.4 If the company repurchased shares during the last fiscal year, reconstruct a summary journal entry for the repurchase transactions.

11.5 Ratio analysis:

a. What does the dividend yield ratio measure in general?

b. Compute the ratio for the past three years.

c. What do your results suggest about the company?

Chapter 5 (5 points)

5.1 Was depreciation and/or amortization expenses added back or subtracted from net earnings in the operating activities section of the statement of cash flows? Why are they added back or subtracted from net earnings?

5.2 Compute the quality of earnings ratio? What are the major causes of differences between net earnings and cash flow from operations?

5.3 Compute the capital expenditures ratio? How is the company financing its capital expenditures?

5.4 How much cash did the company pay for interest during the year? How much cash did it pay for income taxes? Where did you find these amounts? (Hint: recall that interest expense and income tax expense are not necessarily equal to the cash payments for interest and taxes, respectively.)