Question

Refer to Polaris’ financial statements in Appendix A to answer the following.
1. Identify the items, if any, that make up Polaris’ long-term debt as reported on its balance sheet at December 31, 2011.
2. Assume that Polaris has $ 100,000 thousand in convertible debentures that carry a 4.25% contract rate of interest. How much annual cash interest must be paid on those convertible debentures?
3. How much cash did it generate from issuance of debt for the year- ended December 31, 2011? How much cash did it use for repayments of debt for that same year?



$1.99
Sales0
Views43
Comments0
  • CreatedNovember 26, 2013
  • Files Included
Post your question
5000