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Bus650:Week 3 Assignment 1

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Bus650:Week 3 Assignment 1
BUS650:Week 3 Assignment 1

Jocquetta D. Harris

BUS 650: managerial Finance (NAJ1240A)

Martin Cain

October 22, 2012

Complete Chapter 12 Closing Case at the end of the chapter and submit answers to your instructor.

1. Most publicly traded corporations are required to submit 10Q (quarterly) and 10K (annual) reports to the SEC detailing their financial operations over the previous quarter or year, respectively. These corporate filings are available on the SEC website at www.sec.gov. Go to the SEC website, follow the "Search for Company Filings" link, the "Companies & Other Filers" link, enter "Dell Computer", and search for SEC filings made by Dell. Find the most recent 10Q and 10K and download the forms. Look on the balance sheet to find the book value of debt and the book value of equity. If you look further down the report, you should find a section titled either "Long-term Debt" or "Long-term Debt and Interest Rate Risk Management" that will list a breakdown of Dell 's long-term debt.

The 10K report used for Dell Computers (Dell Inc.) is date August 3, 2012. The book value of equity (the value equals total assets less total liabilities) is calculated as follows:

Total Assets = $44,553 (millions) Total Liabilities = $35,616 the book value is calculated at $8,937 (millions) ($44,553 - $35,616). The 10Q report used for Dell Computers (Dell Inc.) is date August 3, 2012. The book value of equity (the value equals total assets less total liabilities) is calculated as follows:

Total Assets = $44,097 (millions) Total Liabilities = $34,351 the book value is calculated at $9,746 ($44,097 - $34,351). Here are the findings for the book value of debt and log-term debt from the 10K and 10Q reports:

| |10 K (millions) |10Q (millions)

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