Maria Fierro Corporation reported the following amounts in 2012, 2013, and 2014. 2012 2013 2014 Current assets

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Maria Fierro Corporation reported the following amounts in 2012, 2013, and 2014.

2012 2013 2014 Current assets $220,000 $230,000 $240,000 Current liabilities $160,000 $170,000 $184,000 Total assets $500,000 $600,000 $630,000 Instructions

(a) Identify and describe the three tools of financial statement analysis.

(b) Perform each of the three types of analysis on Maria Fierro’s current assets. .

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Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

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