See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Use the data

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See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Use the data from the balance sheet and cash flow statement in 2009 to determine the following:
a. How much cash did Mydeco have at the end of 2008?
b. What were Mydeco€™s accounts receivable and inventory at the end of 2008?
c. What were Mydeco€™s total liabilities at the end of 2008?
d. Assuming goodwill and intangibles were equal in 2008 and 2009, what was Mydeco€™s net property, plant, and equipment at the end of 2008?

See Table 2.5 showing financial statement data and stock price

Table continue

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
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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Corporate Finance

ISBN: 978-0133097894

3rd edition

Authors: Jonathan Berk and Peter DeMarzo

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