Refer to Research In Motions financial statements in Appendix A for the following questions. Required 1. What

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Refer to Research In Motion’s financial statements in Appendix A for the following questions.

Required
1. What amount of total liabilities does it report for each of the fiscal years ended February 28, 2009, and February 27, 2010?
2. What amount of total assets does it report for each of the fiscal years ended February 28, 2009, and February 27, 2010?
3. Compute its debt ratio for each of the fiscal years ended February 28, 2009, and February 27, 2010.
4. In which fiscal year did it employ more financial leverage (February 28, 2009, or February 27, 2010)? Explain.

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...
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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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