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Assume that calendar year 2017 ended a few weeks ago. Prepare Soaring Company’s Balance Sheet at December 31, 2017 and its Income and Expense Statement for calendar year 2017 from the information in the Table below. The Balance Sheet and Income and Expense Statements will provide the basis for an elementary financial analysis of the Soaring Company. The income tax rate on capital gains, corporate income and recaptured depreciation is 40%. Reference Description Amount 1. Accounts payable by January 23, 2018                                                                                             $233,000 2. Accounts receivable by February 28, 2018.                                                                                      $255,000 3. Unpaid wages payable before January 31, 2018.                                                                             $25,000 4. Cash $20,000 5. Common Share Capital on December 31, 2017. $577,000 6. Goods purchased for resale in 2017. $5,665,000 7. Cumulative depreciation of plant on December 31, 2017. $760,000 8. Cumulative depreciation of equipment on December 31, 2017. $649,000 9. Plant depreciation in 2017. $45,000 10. Equipment depreciation in 2017. $33,000 11. Historical cost of equipment purchases $789,000 12. 2017 federal income taxes payable by April 20, 2018. $15,000 13. Interest paid on loans paid in 2017. $17,600 14. Inventory of finished goods on December 31, 2017 $113,200 15. Inventory of unfinished goods on December 31, 2017 $55,900 16. Land $450,000 17. 10-year bonds issued by Soaring Company on June 15, 2012. $100,000 18. Short-term provincial bonds purchased by Soaring Company in December2017 $25,000 19. Mortgage due in December 2020 $380,000 20. Miscellaneous operating expenses in 2017 $47,800 21. Cumulative cost of plant (building purchases) over the years $1,450,000 22. Prepaid expenses (computer services ….) in 2017 $900 23. Soaring Company total sales in 2017 $6,258,000 24. Retained earnings (after dividends) on December 31, 2017. $555,000 25. Warehouse rental expense in 2017 $34,000 26. Wages and salaries paid in 2017. $166,000 27. Water, hydro, heating and property taxes in 2017. $33,900 28. Interest income in 2017 from financial investments. $6,970 29. Market price of Soaring Company common shares on December 31, 2017. $20 30. Dividends per common share declared and paid on December 21, 2017. $0.65 31. Number of Soaring Company common shares on December 31, 2017. $60,000 Question 1.a) Soaring Company’s interest expense coverage (1 st decimal; no rounding) is a) 8.8; b) 9.1; c) 9.5; d) 11.6. b) Soaring Company’s earnings per share (2 nd decimal; no rounding) is a) $2.22; b) $2.41; c) $2.53; d) $3.61. c) Soaring Company’s price-earnings ratio (1 st decimal; no rounding) is a) 8.6; b) 8.9; c) 9.4; d) 10.9.

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Instructions: After watching all the videos about the Central Limit Theorem from the weekly checklist, post a brief paragraph (3-5 sentences long) about what you learned about the CLT. If you have any outstanding questions, please ask here. Extra credit will be given if you correctly answer a classmate's question. Your post will be graded on the following criteria • Length: you earn one point per relevant sentence up to 3 points • Content: You earn up to 2 points based on the sharing what you've learned about the CLT. Also, if you ask a good question you will earn the points as well. After watching all the videos about the Central Limit Theorem from the weekly checklist, post a brief paragraph (3-5 sentences long) about what you learned about the CLT. If you have any outstanding questions, please ask here. Extra credit will be given if you correctly answer a classmate's question. Instructions: After watching all the videos about the Central Limit Theorem from the weekly checklist, post a brief paragraph (3-5 sentences long) about what you learned about the CLT. If you have any outstanding questions, please ask here. Extra credit will be given if you correctly answer a classmate's question. Your post will be graded on the following criteria • Length: you earn one point per relevant sentence up to 3 points • Content: You earn up to 2 points based on the sharing what you've learned about the CLT. Also, if you ask a good question you will earn the points as well.

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