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Analyze the information contained in the company's balance sheet and income statement to answer the following questions,

  • What are the company's total assets at the end of its most recent annual reporting period?(identify correct dollar amount)
  • Are the assets included under the company's current assets listed in the proper order? Explain your answer.
  • How are the company's assets classified?
  • How much cash and cash equivalents did the company have at the end of its most recent annual reporting period? (identify correct dollar amount)
  • What are cash equivalents? explain
  • What are the company's total current liabilities at the end of its most recent annual reporting period? (identify correct dollar amount)  Why is it important to know this information?
  • What are the company's total current liabilities at the end of the previous annual reporting period? (identify correct dollar amount)
  • Considering all the information that was gathered, explain why might this information be important to potential creditors, investors, and employees? Explain your answer. Be specific in listing decisions, scenarios, etc.

Summarize the analysis in an 800 word minimum paper in a Microsoft® Word document.

Accounting Basics, Accounting

  • Category:- Accounting Basics
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