the overnight shipper, had assets of $21,000,000

Feb 3rd, 2012
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After reading the following, discuss in detail the following questions. On May 31, 2012, Express Delivery, the overnight shipper, had assets of $21,000,000 and total liabilities of $13,000,000,000. Included among the assets were property, plant and equipment with a cost of $17,000,000,000. During the year ended May 31, 2012,

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On May 31, 2012, Express Delivery, the overnight shipper, had total assets of $21,000,000,000 and total liabilities of $13,000,000,000. Included among the assets were property, plant, and equipment with a cost of $17,000,000,000 and accumulated depreciation of $10,000,000,000. During the year ended May 31, 2012, Express Delivery earned total revenues of $28,000,000,000 and had total expenses of $25,000,000,000, of which $8,000,000,000 was depreciation expenses. The CFO and the controller are concerned that the results of 2012 will make investors unhappy. Additionally, both hold stock options t

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