Nestles financial statements are presented in Appendix B. Financial statements of Zetar are presented in Appendix C.
Question:
Nestles financial statements are presented in Appendix B. Financial statements of Zetar are presented in Appendix C.
Instructions
(a) Based on the information contained in these financial statements, determine each of the following for each company (ignore overdrafts):
(1) Cash and cash equivalents balance at December 31, 2010, for Nestle and at April 30, 2011, for Zetar.
(2) Cash provided by operating activities during the most recent fiscal year shown (from the statement of cash flows).
(b) What conclusions concerning the management of cash can be drawn from these data?
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...
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Related Book For
Financial Accounting IFRS
ISBN: 978-1118285909
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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