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Case Writing Assignment (40 points)
Prepare the income statements and balance sheets for 2008 and 2009 assuming a 34% tax rate. Also, assume a payout ratio of 51% and a retention ratio of 49%.
Prepare the statement of cash flows for 2009.
In addition, submit a one-page essay based on answering the following questions: What role does honesty play in business? What are the consequences of unethical business practices and behavior?
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