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Valuation – 5th Edition
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TEST BANK
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Stephen Penman
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Comprehensive Resource for Instructors and
Students
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© Stephen Penman
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All rights reserved. Reproduction or distribution without permission is prohibited.
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©MEDGEEK
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TEST NUMBER 1
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Time allowed: 90 Minutes
Total Points: 40
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Question 1 (32 Points)
, The following are partial financial statements for an industrial firm
that you are required to analyze and value. All amounts are in millions of
dollars.
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Income Statement for Fiscal Year 2004
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