Refer to Research In Motion’s financial statements in Appendix A for the following questions.
Required
1. What amount of total liabilities does it report for each of the fiscal years ended February 28, 2009, and February 27, 2010?
2. What amount of total assets does it report for each of the fiscal years ended February 28, 2009, and February 27, 2010?
3. Compute its debt ratio for each of the fiscal years ended February 28, 2009, and February 27, 2010.
4. In which fiscal year did it employ more financial leverage (February 28, 2009, or February 27, 2010)? Explain.
5. Access its financial statements (10 K report) for a fiscal year ending after February 27, 2010, from the SEC’s EDGAR database. Recompute its debt ratio for any subsequent year’s data and compare it with the debt ratio for 2009 and 2010.