1

1.

provide three questions that you would ask the Fenway Company to consider in your acquisition decision in addition to the information computed above.

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2

state whether you would or would not recommend purchasing the Fenway Company and write a short paragraph stating your reasons.

The following accounts balances and other financial information are drawn from the records of the Fenway Company for 2022 . \begin{tabular}{|l|r|} \hline Fenway Company & \\ \hline 2022 & \\ \hline & \\ \hline Net sales Revenue & 38,800 \\ \hline Unearned Revenue & 2,600 \\ \hline Accounts Receivable & 8,000 \\ \hline Cost of Goods Sold & 26,000 \\ \hline Inventory & 5,000 \\ \hline Accounts Payable & 5,800 \\ \hline Notes Payable & 6,000 \\ \hline Supplies & 50 \\ \hline Supplies Expense & 750 \\ \hline Office Equipment & 3,500 \\ \hline Depreciation Expense & 500 \\ \hline Accumulated Depreciation & 1,000 \\ \hline Operating Expenses & 4,500 \\ \hline Cash - Ending & 4,400 \\ \hline Land & 20,000 \\ \hline Beginning Balance Retained Earnings & 8,500 \\ \hline Common Stock & 12,000 \\ \hline Cash received from customers & 6,400 \\ \hline Purchased Office Equipment & 2,500 \\ \hline Received Cash from Issuing Stock & 3,000 \\ \hline Paid Cash for Dividends & 2,000 \\ \hline Paid Cash for Operating Expenses & 1,000 \\ \hline & \\ \hline \end{tabular}