MGMT E-2600 Spring 2015
NAME:
____________________________
last first
.

AVT Annual Report and
MDA for 2010 Page/ Note
(If
wish)
1 How does AVT report Comprehensive
Income? (circle one)

On Face of Income Statement In
Statement of Stockholders Equity In
Separate Financial Statement p 41

2
For Note 2 Divestures, for FY 2009, what were
numerator and denominator in arriving at EPS impact of $ 0.06? p 49
Note 2

Numerator _____________

Denominator _____________

3. In FY 2009, how many new common
shares were issued? ____________

4 In FY 2009, how much was paid in
dividends to AVT shareholders? (in thousands) ____________

5 For FYs 2010, 09 or 08, what was
the lowest Gross Profit common size percent? ____________ (xx.x %)

6 For
calculation of Diluted EPS in FY 2010 what number of shares was used? (total) ____________

7 In FY
2008 for Technology Solutions (TS), what was its operating income margin as
As reported in Note 16? (ignore
impairments, restructuring, etc. charges) ____________ (xx.x%)

8 What are
gross Accounts Receivable at the end of FY 2009? (in thousands) ____________

9 What
percent of gross Accounts Receivable is uncollectible at the end of FY 2009? ____________ (x.xx%)
(Show
2 places after decimal point)

10 What
amount of Accounts Receivable was written off in FY 2009? (thousands) ____________

11 On
average, at what price was AVT common stock sold from the start of AVT
through the end
of FY 2010? ____________
($ xx.xx)

SAGE, Inc.(Text example for SAGE)

12
Had ending inventory been completely valued at FIFO,
what would Ending Inventory
have been at the end of FY 2012? (thousands) _____________

Text:

Brown Co.
purchased a piece of equipment on January 1 last year (Year 1) for
$225,000. Management estimates that the
equipment will have a useful life of five years and no salvage value. The depreciation expense recorded for tax
purposes will be $64,000 this year (Year 2).
The company uses the straight-line method of depreciation for reporting
purposes. The tax rate is 30%.

13. Will a deferred tax asset or liability be
recorded for Year 2? (circle one) Asset
Liability

14. How much will be added
in Year 2 to the deferred tax account due to timing difference? ____________

AVT -1 S 2015 E-26001 In the AVT Statement of Cash Flows Operating Section for period ending July 3, 2010, there is a reconciling item of $60,643.Try to build up (reconcile) this number from information regarding depreciation and amortization in the financial statement.This is difficult, and can only be done partially . You will NOT be able to completely justify$ 60,643.2 In Note 1, page 46, in the “Adoption of Accounting Standard”, there is discussion of” $300.0 million Convertible Senior Debentures”and “retrospective application”.Explain what happened and why:Also difficult.3 As of 7/3/2010, how many shares were: AuthorizedIssuedIn TreasuryOutstanding4 Did A VT have any LIFO base layer liquidations in 201 0? (See p 122 of text)Discuss:MGMT E-2600 Spring 2015
NAME:
____________________________ last firstAVT Annual Report and
MDA for 2010 Page/ Note (If
wish)1 How does AVT report Comprehensive
Income? (circle one) On Face of Income Statement In
Statement of Stockholders Equity In
Separate Financial Statement p 412
For Note 2 Divestures, for FY 2009, what were
numerator and denominator in arriving at EPS impact of $ 0.06? p 49
Note 2Numerator _____________Denominator _____________ 3. In FY 2009, how many new common
shares were issued? ____________4 In FY 2009, how much was paid in
dividends to AVT shareholders? (in thousands) ____________5 For FYs 2010, 09 or 08, what was
the lowest Gross Profit common size percent? ____________ (xx.x %)6 For
calculation of Diluted EPS in FY 2010 what number of shares was used? (total) ____________7 In FY
2008 for Technology Solutions (TS), what was its operating income margin asAs reported in Note 16? (ignore
impairments, restructuring, etc. charges) ____________ (xx.x%)8 What are
gross Accounts Receivable at the end of FY 2009? (in thousands) ____________9 What
percent of gross Accounts Receivable is uncollectible at the end of FY 2009? ____________ (x.xx%) (Show
2 places after decimal point)10 What
amount of Accounts Receivable was written off in FY 2009? (thousands) ____________11 On
average, at what price was AVT common stock sold from the start of AVTthrough the end
of FY 2010? ____________
($ xx.xx)SAGE, Inc.(Text example for SAGE)12
Had ending inventory been completely valued at FIFO,
what would Ending Inventoryhave been at the end of FY 2012? (thousands) _____________ Text:Brown Co.
purchased a piece of equipment on January 1 last year (Year 1) for
$225,000. Management estimates that the
equipment will have a useful life of five years and no salvage value. The depreciation expense recorded for tax
purposes will be $64,000 this year (Year 2).
The company uses the straight-line method of depreciation for reporting
purposes. The tax rate is 30%.13. Will a deferred tax asset or liability be
recorded for Year 2? (circle one) Asset
Liability14. How much will be added
in Year 2 to the deferred tax account due to timing difference? ____________AVT -1 S 2015 E-26001 In the AVT Statement of Cash Flows Operating Section for period ending July 3, 2010, there is a reconciling item of $60,643.Try to build up (reconcile) this number from information regarding depreciation and amortization in the financial statement.This is difficult, and can only be done partially . You will NOT be able to completely justify$ 60,643.2 In Note 1, page 46, in the “Adoption of Accounting Standard”, there is discussion of” $300.0 million Convertible Senior Debentures”and “retrospective application”.Explain what happened and why:Also difficult.3 As of 7/3/2010, how many shares were: AuthorizedIssuedIn TreasuryOutstanding4 Did A VT have any LIFO base layer liquidations in 201 0? (See p 122 of text)Discuss: