Comprehensive Financial Analysis (LOS, 6)

Comparative income statements and balance sheets for Seneca Company follow for 2012 and 2011.

SENECA COMPANY Comparative Income Statements For Years Ended December 31, 2012 and 2011

(QVOBS ORNS wo oon G Blac eeel see ae rn ee Selling and administrative expenses ....................0-.

ODeralinGmmCOMe satee eiis nes cyee ee e ee Other expenses (revenues)

TLCCCS MO VEC GMM a Mt nn Cont cs ie c aed etn en ee IGECTCSMCXD CINSCR EAP Reet rasan. is cd oem io bee Peers Total other expenses (revenues) .....0.0..00 .e. ee.e e ee COME DETONETINGOMCAXCS icc ycy eevee css) abe: oe clwevcteli ae encnew oats AGC OMICHAXCS Peri n enn oat inh arr Taio kita tae mb crews Ai So ae INGTa IG OMG MEMery eae Speci ogc 2c otis, seve amentetuecctuin si naee SENECA COMPANY Comparative Balance Sheets December 31, 2012 and 2011 Assets CASI RRO SRNR ee a eer ots cues ison crate bina ets rsec see nee TIWGIIROIAYS = SS eR a oi6 OPN CONE RET CC een oe Re acy Perron Rec SE PTCOAIGMCKMDCMSCS aman tiers oe fans erh lcns Sheie neve (sees & ors ee Sone a eve MOLAIKEUIMeMtseASSCISiemt tern Nea sues! s Societe Gin ct eee ms Eom A MIVESUIMEMEStANGLOLMOMASSCLS= snc ck a oe mee eel oe wpe tecile sere POMehya plant wAanG equipment Melos scp. tse cles aos aetenset ears iradematks ancotherintangibleS

a. 3s ewer cee oe ere sree ors SOLAS SOLS Ee eR ier oo erties eine Soe Beene ee Liabilities and stockholders’ equity INOLESIDAV ADI Cmereier yan ea secrete ice po Slele access una re overmetarie GUrrentmatunities:OMOnG=tennmmlGeDt

a. 0 6. nk we wees sane ohne Accounts payable and accrued expenses...............--5.

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[atf ell SOK MONIC’ COW criaceceonponcmcone dmeonuoeb ggod s TOVall (EVES Elie kGLe Win ab orn on ona toe etodoobccoobunUueo 2012 2011

$11,778,070 $11,241,498 6,615,148 6,395,466 5,162,922 4,846,032 3,565,750 3,363,722 1,597,172 1,482,310

(94,034) (79,060)

76,698 70,204

(17,336) (8,856)

1,614,508 1,473,454 720,368 660,818

$ 894,140 $ 812,636 2012 2011

$ 241,816 $ 259,370 437,268 202,802 966,982 1,046,246 1,501,438 1,620,470 124,988 115,618 3,272,492 3,244,506 774,836 604,368 2,818,912 2,681,680 263,322 281,362

$7,129,562 $6,811,916

$ 179,294 SS lfele 10,030 15,056 1,822,326 1,932,930 2,011,650 2,123,160 556,368 539,280 2,568,018 2,662,440 124,778 124,744 228,388 226,344 4,208,378 3,798,388 4,561,544 4,149,476

$7,129,562 $6,811,916 Required

a. Prepare a comprehensive financial analysis of Seneca for 2012, including the following measures (round all calculations to three decimal places):
1. Short-term solvency ratios 2. Long-term solvency ratios 3. Performance measurement ratios

b. Comment on the financial condition of Seneca with respect to short-term solvency, long-term solvency, and performance. LO.1