innovation electronics, inc. has provided you with the year end income statement balance sheet. the controller has asked you to prepare the statement of cash flows for the same year ended december 31. use the information included in the excel simulation and the excel functions described below to complete the task.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition