Next, consider Micro Chip’s Consolidated Statement of Operations for the year ended September 25, 2008. Download the file here and answer questions 1 and 2.
To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at the financial values. Students using Microsoft Excel must provide an adequate explanation of the methodology used to arrive at that answer.
Your submitted assignment (125 points) must include the following:
You will be graded on the accuracy of your financial calculations as well as your demonstrated understanding of financial statement analysis.
Micro Chip Computer Corporation
Consolidated Statements of Operations For the period September 26, 2007 through
Cost of Sales
R & D
Selling, General, and Administrative
‐process R & D
Total Operating Exp
Total interest and other Income net
Income before provision for Income taxes
Provision for income Taxes (15%)
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