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PharmacyCo describes itself as a global leader in retail and wholesale pharmacy. It recently reported its financial statements for the period ending August 31, 2020.
PharmacyCo describes itself as a "global leader in retail and wholesale pharmacy". It recently reported its financial statements for the period ending August 31, 2020. Excerpts from the financial statements include the following (all figures are in S millions): Selected balance sheet information: August 31, 2020 August 31, 2019 Cash balance To be calculated $1,207 Total assets $87,174 $67,597 Retained earnings $34,210 $35,815 Selected information for the fiscal year ending August 31, 2020: Sales $139,537 Cost of sales $111,520 Operating income $1,312 Net earnings $424 Cash flows from operating activities $5,484 Cash flows from investing activities $(1,297) Cash flows from financing activities $(4,647) Required: Use the selected financial statement information and calculate the required information in the table below. (7 marks) ITEM TO CALCULATIONS & FINAL ANSWER (SHOW ALL YOUR CALCULATE WORK FOR FULL MARKS) Dividends declared during fiscal year ending August 31, 2020 (Put your answer in the Word document) - 3 marks available Cash balance on August 31, 2020 (Put your answer in the Word document) - 4 marks available
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