Determine the amounts your firm reports for total assets, total liabilities, and total stockholders' equity in the balance sheet for the most recent year. Verify that the basic accounting equation balances.

Does your company refer to the income statement using another name? If so$,$ what is it$?$

Determine the amounts that your firm reports for net sales and net income in its income statement for the most recent year.

Who is the company's auditor? What does the report indicate about the amounts reported in the company's financial statements? $($See the Report of Independent Registered Public Accounting Firm.$)$

Is the size of your firm increasing? Determine your answer by calculating the percentage change in total assets and percentage change in net sales for the most recent year. $($Calculation $=($current yr$-$previous yr $)/$previous yr$.)$

Is the profitability of your firm increasing? Determine your answer by calculating the percentage change in net income for the most recent year. $($Calculation $=($current yr$-$previous yr $)/$previous yr$.)$

For the most recent year, what amount does your company report for current assets? What assets are listed as current assets?

On January $1,2024,$ Frontier World issues $$41$ million of $9\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride.

$2-$a$.$ If the market rate is $9\%,$ calculate the issue price. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

$2-$b$.$ Will the bonds issue at face amount, a discount, or a premium?