ADMS 3595 Lecture Notes - Lecture 3: Commercial Paper, Quick Ratio, Shoppers Drug Mart

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Ra 13-(cid:1005) shoppe(cid:396)"s d(cid:396)ug ma(cid:396)t li(cid:373)ited: bank indebtedness the associate-owned stores borrow under line of credit agreements with banks, guaranteed by the company. Total of ,000 of lines of credit (2010 and 2009: ,000) has been guaranteed due to agreements between banks and the company. Commercial paper for financing assets such as a/r, inventory and meeting other short-term lia(cid:271)ilities. Is used (cid:449)ith (cid:373)atu(cid:396)ities (cid:396)a(cid:374)gi(cid:374)g f(cid:396)o(cid:373) o(cid:448)e(cid:396)(cid:374)ight to 9(cid:1004) da(cid:455)s (cid:271)ased o(cid:374) (cid:271)a(cid:374)ke(cid:396)s" acceptance rates. Accounts payable and accrued liabilities the company accrued liabilities from equity forward. Derivatives, which the company uses to limit its exposure to future price changes in the. Co(cid:373)pa(cid:374)(cid:455)"s sha(cid:396)e p(cid:396)i(cid:272)e. the e(cid:454)pe(cid:374)ses that a(cid:396)ose f(cid:396)o(cid:373) usi(cid:374)g this i(cid:374)st(cid:396)u(cid:373)e(cid:374)t (cid:449)e(cid:396)e (cid:396)e(cid:272)og(cid:374)ized as liabilities since they had not been paid for yet. Part of these expenses were presented in a/p and. Income taxes payable the taxes that are yet to be paid to the government within the current year.

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