The Indigo Books and Music Inc. financial statements that appear in Appendix A at the end of
Question:
Use the data to answer the following questions:
1. How much did Indigo report in bank and long-term debt during the fiscal year ended March 29, 2014? How much long-term debt did Indigo repay during fiscal 2014? During fiscal 2013?
2. What type of long-term debt is listed on the balance sheet at March 29, 2014? See Note 18.
3. What is the interest rate charged on the long-term line of credit?
4. What types of shares are outstanding? What was the amount of the dividends paid during 2014?
5. Did Indigo have any operating or capital/finance leases outstanding during fiscal 2014?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Req 1 From the balance sheet and from Note 18 of the notes to the financial statements the ...View the full answer
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