Reference no: EM13460731
Question 1: What is the controller's role in strategy implementation? Be sure to provide specific examples in your answer.
Question 2: List and describe the principles of internal control we discussed in this course . As part of your answer, provide an example of each principle.
Question 3: List and describe four actions a firm can take to accelerate the collection of cash from sales. For each action listed, describe the potential costs involved with the action.
Question 4: In your own words, describe the system that Lowes uses to manage its Accounts Payable.
Question 5: Using the financial statements provided on Blackboard, calculate and interpret the days to collect ratio. Assume credit sales are 15% of total net sales.
Question 6: Using the financial statements provided on Blackboard, calculate and interpret the days to sell and gross profit ratios.
Question 7: Using the financial statements provided on Blackboard, calculate and interpret the current liabilities ratios (including cash cycle) we discussed in class.
Question 8: Using the financial statements provided on Blackboard, calculate and interpret the long-term liabilities ratios we discussed in class.
Question 9: What is a firm's WACC? How is it calculated? How is it used?