Kwik Express Specializes in the Overnight Transportation of Medical Equipment $\bullet$

question 49

Essay

Kwik Express specializes in the overnight transportation of medical equipment and laboratory specimens. The company has selected the following information from its most recent annual report to be the subject of an immediate press release.
$\bullet$ The financial statements are being released.
$\bullet$ Net income this year was $2.1 million. Last year's net income had been $2.0 million.
$\bullet$ The current ratio has changed to 2:1 from last year's 1.5:1
$\bullet$ The debt/total assets ratio has changed to 4:5 from last year's 3:5
$\bullet$ The company expanded its truck fleet substantially by purchasing ten new delivery vans. The company already had twelve delivery vans.
$\bullet$ The company is now the largest medical courier in the mid-Atlantic region.
Required:
Prepare a brief press release incorporating the information above. Include all information. Think carefully which information (if any) is good news for the company, and which (if any) is bad news.

Grasp the fundamental principles of political economy, capitalism, and the legal systems in Canada.

Understand the concept of fundamental changes in a corporation and their implications.

Identify who has the authority to propose and who must approve fundamental changes in a corporation.

Recognize the rights of minority shareholders in the event of fundamental changes.

---

Definitions:

Osama Bin Laden

A Saudi Arabian terrorist best known for founding al-Qaeda, the organization responsible for the September 11 attacks on the United States and numerous other terrorist acts.

Balkan Crisis

A series of conflicts and political tensions in the Balkan Peninsula, which were instrumental in igniting World War I, highlighting the complexities of nationalism, empire, and alliance systems in early 20th century Europe.

NATO Forces

Military forces from member countries of the North Atlantic Treaty Organization, an intergovernmental military alliance between North American and European countries established in 1949 for mutual defense.

Aerial Bombardment

Military strategy involving dropping bombs from aircraft onto ground targets, often used in warfare to damage infrastructure and enemy forces.