(Answered) Controllership homeworkanswer all the questionsquestion 1 -

Accounting

Controllership Homework

Answer all the questions.

Question 1 - Using the Wal-Mart, Inc. financial statements provided on Blackboard, calculate and interpret the current liabilities ratios (including cash cycle) we discussed in class.

Question 2 - Using the Wal-Mart, Inc. financial statements provided on Blackboard, calculate and interpret the long-term liabilities ratios we discussed in class.

Question 3 - You are the controller of a firm whose CEO believes that debt should always be used to finance long-term expenditures because interest is tax deductible. List and describe other benefits to debt financing. Also, list and describe risks to using debt.

Question 4 - Given the following information, calculate the firm's WACC:

Tax rate: 40%

Debt rate: 6%

Preferred stock dividend rate: 11% of $100 par value

Risk-free rate of return: 2%

Market rate of return: 13%

Stock beta: 1.2

Debt value: $15,000,000

P/S value: $5,000,000

C/S value: $30,000,000

Question 5 - List and describe three accounting issues related to acquisitions. What role does the controller play in addressing these issues?

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