JJ's Jammers Assignment

Part 1: Financial Statement Construction Exercise

Take the following results for JJ's Jammers and create a Balance Sheet and Income Statement in the 2012 columns of the template showing JJ's Jammers 2011 results (In alphabetical order). Make sure you make the embedded calculations for the caption accounts (like total Current Assets or Gross Profit)

Accounts Receivable 404933: Cash and Securities 315954: Goodwill and Other Assets 448484:  Inventories 494282: less: Accumulated Depreciation -594200: Other Current Assets 21349: Plant & Equipment 1023458: Accounts payables and accruals 373807: Accrued Taxes 19: Additional Paid in Capital 842967: Common Stock 179798: Long Term Debt 563748: Notes payable 10578: Retained Earnings 166634: Treasury stock (571,320) shares -25303.

Cost of Goods sold 1158228: Depreciation and Amortization 83729: Dividends 5310: Interest (5.5%) 56000: Net Sales 1701013: Selling and Admin Expenses 247637: Taxes (33%) 51287.

Part 2: Cash Flow Reconciliation

Now that you have completed the Balance Sheet and Income Statement portion of the assignment, conduct a Cash Flow Reconciliation. You will need to use net figures as indicated by the line items.

Part 3: Written Summary

Write a 525-to 700-word summary that includes the following:

Explain how the three different parts of the Financial Statement work together to provide a picture of how the business is operating. 

Explain the role of the Financial Manager in stewarding the company's resources.

Formulate and write your opinion as to whether the market for JJ's Jammers is good based on the financial results depicted in the 2011 and 2012 results.

Attachment:- Template.rar