Use the following balance sheet to answer the following questions: a. What is the year-to-year percentage change
Question:
Use the following balance sheet to answer the following questions:
a. What is the year-to-year percentage change in the value of the following:
• inventory
• accounts payable
• land
• taxes payable
• liabilities and owner’s equity
b. What is the ratio of the following:
• Cash equivalent to inventory in 2014? How did it change from 2013?
• Owner’s equity to total assets in 2014? How did it change from 2013?
c. Investors and buyers like to put their money into companies that have a low ratio of liabilities to assets. Has that ratio become more or less appealing from 2013 to 2014?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Entrepreneurship And Small Business Management
ISBN: 9781292078670,9780133801248
2nd Edition
Authors: Steve Mariotti , Caroline Glackin
Question Posted: