Nestles financial statements are presented in Appendix B. Financial statements for Zetar are presented in Appendix C.

Question:

Instructions
(a) Based on the information contained in these financial statements, determine each of the following for Nestle at December 31, 2010, and for Zetar at April 30, 2011.
(1) Total current assets.
(2) Net amount of property, plant, and equipment (land, buildings, and equipment).
(3) Total current liabilities.
(4) Total equity.
(b) What conclusions concerning the companies’ respective financial positions can be drawn from the companies’ current assets and current liabilities?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...