Chapter 8 BTN 8 1
1. 1. For both fiscal year end February 27, 2010 and February 28, 2009, identify the total amount of cash and cash equivalent. Determine the percentage this amount represents of total current asset, total liabilities, total shareholders’ equity and total assets for both years. Comment on any trend.
Comment (Explaination)
1. February 27, 2010 and February 28, 2009,use the information in the statement of cash flow to determine the percentage change between beginning and ending year amount of cash and cash equivalent
2. Compute the day’s sales uncollected as of February 27, 2010 and February 28, 2009.Has the collection of receivables improved? Are accounts receivables an important asset for RIM? Explain.
3. Use RIM financial statement for fiscal years ending February 27, 2010.Recompute its days sales uncollected for fiscal year ending after February 27, 2010.Compare this days sales uncollected for 2010 and 2009.
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