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The following information is available on the Vanier Corporation

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The following information is available on the Vanier Corporation

The following information is available on the Vanier Corporation:Balance SheetVanier CorporationDecember 31,1996 (in thousands) Rs.Cash & marketable securities 500Accounts receivable ?Inventories ?Current assets ?Net fixed assets ?Total assets ? Rs.Accounts payable 400Bank loan ?Accruals 200Current liabilities ?Long-term debt 2650Common stock and 3750retained earningsTotal liabilities and ?Stockholders equityIncome StatementVanier Corporation:For the year ending 1996__________________ (in thousands) _____________________Rs.Credit sales 8000Cost of goods sold?Gross profit ?Selling and administrative expenses ?Interest expense400Profit Before taxes ?Taxes (44% taxes) ?Profit after taxes ?Other Information____________________________________Current ratioDepreciationNet profit margin3 to 1Rs. 5007%Total liabilities & shareholder equity 1 to 1Average collection periodInventory turnover ratio45 days3 to 1____________________________________Assume that sales and production are steady throughout a 360-day year.REQUIRED:Complete the Balance Sheet and Income Statement for Vanier Corporation foryear 1996.



International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

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