The Canada Technology Corporation (CTC) financial statements follow: Book value per common share of CTC outstanding at December 31,2020 was: a) 4.37 b) 2.72 c) 2.46 d) 6,280
The Canada Technology Corporation (CTC) financial statements follow: Book value per common share of CTC outstanding at December 31,2020 was: a) 4.37 b) 2.72 c) 2.46 d) 6,280
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The Canada Technology Corporation (CTC) financial statements follow:
Book value per common share of CTC outstanding at December 31,2020 was:
a) 4.37
b) 2.72
c) 2.46
d) 6,280
Transcribed Image Text:7/23/23, 8:53 PM
Assets
Current assets:
Canada Technology Corporation
Consolidated Statements of Financial Position
(in millions)
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Other
Total current assets
Property, plant, and equipment, net
Investments
Other non-current assets
Total assets
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable
Accrued and other
Total current liabilities
Long-term debt
Other non-current liabilities
Commitments and contingent liabilities
Total liabilities
Shareholders' equity:
Preferred shares; shares issued: 0
Common shares; shares authorized: 7,000;
shares issued: 2,556 and 2,579, respectively
Retained earnings
Other comprehensive loss
Other
Consolidated balance sheets
Total shareholders' equity
Total liabilities and shareholders' equity
$
GA
December 31,
$
2020
4,317 $
835
3,635
327
1,519
10,633
1,517
6,770
391
$ 19,311 $
7,316 $
3,580
10,896
505
1,630
13,031
284
6,131
(83)
(52)
6,280
$ 19,311 $
2019
4,232
406
2,586
306
1,394
8,924
913
5,267
366
15,470
5,989
2,944
8,933
506
1,158
10,597
1,479
3,486
(33)
(59)
4,873
15,470
Transcribed Image Text:Net revenue
Cost of goods sold
Gross profit
Operating expenses:
Selling, general, and administrative
Research, development, and engineering
Special charges
Total operating expenses
Operating income
Investment and other income (loss), net
Income before income taxes
Income tax expense
Canada Technology Corporation
Consolidated Statements of Income
(in millions, except per share amounts)
Net income
Earnings per common share:
Basic
$
GA
$
$
Consolidated income statements
Years Ended December 31,
2020
41,444 $
33,892
7,552
3,544
464
4,008
3,544
180
3,724
1,079
2,645 $
1.03 $
2019
35,404 $
29,055
6,349
3,050
455
3,505
2,844
183
3,027
905
2,122 $
0.82 $
2018
31,168
25,661
5,507
2,784
452
482
3,718
1,789
(58)
1,731
485
1,246
0.48
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education