Financial Statement Analysis

[This section should center on your analysis of the financial performance of the company based on the statements you prepared. _{Discuss key points on your observations of results: Is the company operating profitably (what percent of revenues result in profitet income)? How well poised are they to meet liabilities (discuss liquidity and current ratio)?.]}

Looking to the Future

[In response to the owners request for additional information and support for future growth, discuss accounting considerations associated with the acquisition of additional long term/fixed assets, and the addition of merchandise inventory. How will the company account for the costs of long-term assets? How will the method of depreciation be determined? (Expand on 2 different methods of depreciation to demonstrate ideal application). How does accounting change with the addition of merchandise inventory? How will it be determined which inventory costing method to apply? (Discuss how the FIFO, LIFO, and Average methods differ and provide examples of the types of merchandising scenarios that would be ideally applicable in each case.)]

Tha debo tod a ocous it is reco'il cd frsi. rood wod zocosetrocor i cd sex.rad Rohts ard credte rust aroaphayuall 10:51 AM Sun Dec 11 Q 10:51 AM Sun Dec 11 & Trial Balance Balances from the taccounts will autofill your trial balance. If total debits do not equal total credits in the trial balance, you know you have an error. These are the balances that will be used to prepare the financial statements. Be sure to implement feedback provided by your instructor for this Milestone One submission! Debits should equal credits 10:51 AM Sun Dec 11 21 1 10:51 AM Sun Dec 11 Tha debo tod a ocous it is reco'il cd frsi. rood wod zocosetrocor i cd sex.rad Rohts ard credte rust aroaphayuall 10:51 AM Sun Dec 11 Q 10:51 AM Sun Dec 11 & Trial Balance Balances from the taccounts will autofill your trial balance. If total debits do not equal total credits in the trial balance, you know you have an error. These are the balances that will be used to prepare the financial statements. Be sure to implement feedback provided by your instructor for this Milestone One submission! Debits should equal credits 10:51 AM Sun Dec 11 21 1 10:51 AM Sun Dec 11