Refer to the following financial statements for Crosby Corporation:
a) Prepare a statement of cash flows for the Crosby Corporation using the general procedures indicated in Table 2–10.
b) Describe the general relationship between net income and net cash flows from operating activities for the firm.
c) Has the buildup in plant and equipment been financed in a satisfactory manner? Briefly discuss.
d) Compute the book value per common share for both 2010 and 2011 for the Crosby Corporation.
e) If the market value of a share of common stock is 3.3 times book value for 2004, what is the firm’s P/E ratio for 2011?

  • CreatedOctober 14, 2014
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