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Below is the data and question that needs answering. Question 15 at the bottom of the page is the only question that is needed to
Below is the data and question that needs answering. Question 15 at the bottom of the page is the only question that is needed to be answered. Leave question 12, that is just for the data.
12. Challenge Problem Below are financial statements for Global Manufacturing. After computing the ratios we discussed in this chapter, discuss strong and weak points of Global's performance. DECEMBER 3 ASSETS Cash and marketable securities Accounts receivable Inventories Total current assets Gross plant and equipment Less: accumulated depreciation Net plant and equipment Land Total fixed assets Total assets LIABILITIES AND EQUITY Accounts payable Notes payable Accrued liabilities Total current liabilities 2015 2014 2013 $25,000 100,000 $16,000 80,00056,000 125,000100,00080,000 250,000 200,000152,000 300,000 225,000200,000 75,000-50,000 200,000 150,000150,000 50,00050,000 250,000 200,000 200,000 $500,000 $400,000 $352,000 $20,000 -100,000 50,000 $78,000 $65,000 $58,000 10,000 10,000 25,00025,000 142,000 100,00093,000 34,000 30,000
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