- Compare the two businesses financial statements and give some advice to the business with a lower ratio
+ Q $ ASSETS CURRENT ASSETS Cash and Cash Equivalents Accounts Receivable, Net Inventories Accrued Interest Receivable Prepayments Total Current Assets 30,925,741 3,899,091 359,354 107,855 1,400,781 36,692,822 NONCURRENT ASSETS Cash and Cash Equivalents Restricted Endowment Accounts Receivable, Net Perkins Loans Receivable, Net Capital Assets, Net Total Noncurrent Assets Total Assets 11,625,306 1,061,063 1,265, 156 1,451,690 91,555,695 106,958,910 143,651,732 $ 22,178,924 7.928.501 121,943 1.822 1086 211 31237401 2.802 452 261 026 142 529 171.709 82.733373 BA11103 116378 13.100.379 DEFERRED OUTFLOWS OF RESOURCES 21,268,437 Total Assets and Deferred Outflows of Resources 164.920,169 Current Assets Cash and cash equivalents Accounts receivable (net of allowance for doubtful accounts $706.626) Accrued interest receivable Due from Francis Marion University Education Foundation Prepaid expenses Total current assets Noncurrent Assets Restricted cash and cash equivalents Notes receivable - due from Francis Marion University Education Foundation, Perkins Loan Program receivable Nurse Faculty Loan Program receivable Capital assets, net of accumulated depreciation Total noncurrent assets Total assets DEFERRED OUTFLOWS OF RESOURCES LIABILITIES Current Liabilities Accounts and retains payable Accrued payroll and related abilities Accrued compensated absences-current portion Accrued interest payable.......... Due to Francis Marion University Development Foundation .............. Bonds payable - current portion Avenue Deposits hold for others....... Deposits held for Francis Marion University Development Foundation Total current liabilities Noncurrent Liabilities Accrued compensated absences Uneared revenues ........ Bonds payable ...... Perkins Loan Program liability Nurse Faculty Loan Programability Pension obliky Other post employment benefits liability Total noncurrent abilities Total abilities... DEFERRED INFLOWS OF RESOURCES NET POSITION Net Investment in capital assets Restricted for Nonexpendable Scholarships and followships dolarships and fellowships Instructional department uses Loans Capital projects Other Urrestricted Total net position 1,643 656 227.314 1,138,608 21.933 27,310 1870.132 420.000 144 564 897.042 6.300.550 LIABILITIES CURRENT LIABILITIES Accounts Payable and Accrued Liabilities Unearned Revenue Current Portion of Long-Term Debt Current Portion of Compensated Absences Total Current Liabilities 13,785,136 6,007,097 5,620,197 1,706,846 27,119,276 745.981 1,418,395 4,865,000 1,394,370 194.601 59,773,347 55.25.6M 1289174123 130 2037 7/14 NONCURRENT LIABILITIES Compensated Absences Perkins Loan Federal Liability Bond Premium on Long-Term Debt Long-Term Debt Net Pension Liability Net OPEB Liability Total Noncurrent Liabilities Total Liabilities 1,141,167 1,699,754 2,433,939 24,915,871 89,631,822 85,399,328 205,221,881 232,341,157 77 448,373 200,000 DEFERRED INFLOWS OF RESOURCES 21,950,677 Total Liabilities and Deferred Inflows of Resources 254,291,834 102.439 202.468 134039 6.668 449 6,861 (90.752.617) $59311,988 60,046,354 The accompanying notes are an integral part of the financial statements. 499,628 NET POSITION Net Investment in Capital Assets Restricted For: Nonexpendable: Scholarships and Fellowships Expendable: Scholarships and Fellowships Grants Loans Debt Service Unrestricted Total Net Position 354,680 434,872 192, 187 1,496,469 (152,395,855) (89,371,665) $ EE COMIDANSIN NATESTAUFFINANCIAL STATEMENTS + Q $ ASSETS CURRENT ASSETS Cash and Cash Equivalents Accounts Receivable, Net Inventories Accrued Interest Receivable Prepayments Total Current Assets 30,925,741 3,899,091 359,354 107,855 1,400,781 36,692,822 NONCURRENT ASSETS Cash and Cash Equivalents Restricted Endowment Accounts Receivable, Net Perkins Loans Receivable, Net Capital Assets, Net Total Noncurrent Assets Total Assets 11,625,306 1,061,063 1,265, 156 1,451,690 91,555,695 106,958,910 143,651,732 $ 22,178,924 7.928.501 121,943 1.822 1086 211 31237401 2.802 452 261 026 142 529 171.709 82.733373 BA11103 116378 13.100.379 DEFERRED OUTFLOWS OF RESOURCES 21,268,437 Total Assets and Deferred Outflows of Resources 164.920,169 Current Assets Cash and cash equivalents Accounts receivable (net of allowance for doubtful accounts $706.626) Accrued interest receivable Due from Francis Marion University Education Foundation Prepaid expenses Total current assets Noncurrent Assets Restricted cash and cash equivalents Notes receivable - due from Francis Marion University Education Foundation, Perkins Loan Program receivable Nurse Faculty Loan Program receivable Capital assets, net of accumulated depreciation Total noncurrent assets Total assets DEFERRED OUTFLOWS OF RESOURCES LIABILITIES Current Liabilities Accounts and retains payable Accrued payroll and related abilities Accrued compensated absences-current portion Accrued interest payable.......... Due to Francis Marion University Development Foundation .............. Bonds payable - current portion Avenue Deposits hold for others....... Deposits held for Francis Marion University Development Foundation Total current liabilities Noncurrent Liabilities Accrued compensated absences Uneared revenues ........ Bonds payable ...... Perkins Loan Program liability Nurse Faculty Loan Programability Pension obliky Other post employment benefits liability Total noncurrent abilities Total abilities... DEFERRED INFLOWS OF RESOURCES NET POSITION Net Investment in capital assets Restricted for Nonexpendable Scholarships and followships dolarships and fellowships Instructional department uses Loans Capital projects Other Urrestricted Total net position 1,643 656 227.314 1,138,608 21.933 27,310 1870.132 420.000 144 564 897.042 6.300.550 LIABILITIES CURRENT LIABILITIES Accounts Payable and Accrued Liabilities Unearned Revenue Current Portion of Long-Term Debt Current Portion of Compensated Absences Total Current Liabilities 13,785,136 6,007,097 5,620,197 1,706,846 27,119,276 745.981 1,418,395 4,865,000 1,394,370 194.601 59,773,347 55.25.6M 1289174123 130 2037 7/14 NONCURRENT LIABILITIES Compensated Absences Perkins Loan Federal Liability Bond Premium on Long-Term Debt Long-Term Debt Net Pension Liability Net OPEB Liability Total Noncurrent Liabilities Total Liabilities 1,141,167 1,699,754 2,433,939 24,915,871 89,631,822 85,399,328 205,221,881 232,341,157 77 448,373 200,000 DEFERRED INFLOWS OF RESOURCES 21,950,677 Total Liabilities and Deferred Inflows of Resources 254,291,834 102.439 202.468 134039 6.668 449 6,861 (90.752.617) $59311,988 60,046,354 The accompanying notes are an integral part of the financial statements. 499,628 NET POSITION Net Investment in Capital Assets Restricted For: Nonexpendable: Scholarships and Fellowships Expendable: Scholarships and Fellowships Grants Loans Debt Service Unrestricted Total Net Position 354,680 434,872 192, 187 1,496,469 (152,395,855) (89,371,665) $ EE COMIDANSIN NATESTAUFFINANCIAL STATEMENTS
