Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For Cogeco Inc ( last 2 years) Statement of Financial Position (Balance Sheet) a.Cash and Cash Equivalents (including any short-term notes) b.Accounts and Notes Receivables

For Cogeco Inc ( last 2 years)

Statement of Financial Position (Balance Sheet)

a.Cash and Cash Equivalents (including any short-term notes)

b.Accounts and Notes Receivables

c.Other Receivables

d.Inventory

2.Income Statement

a.Revenue

3.Notes to the Financial Statements (for above items)

REQUIRED

1.By reviewing the annual report and audited financial statements, and through research,

prepare a brief overview of the company (2-3 paragraphs).

a.What does the company do? Where are the

corporate headquarters? Who is on the management team? A number of

employees? A number of locations? When did the company begin? Why did you

choose the company? Significant events? Significant discoveries? Any other

interesting items that you feel you should include about the company.

2.Report the year-over-year dollar amounts for the above-mentioned items (present in

chart format).

a.You should also expand and include all details of the dollar amounts presented in

the financial statements. The details are presented throughout the audited

financial statements. As an example: does inventory include consignments? For

accounts receivable, what is the allowance for doubtful accounts?

3.Review the notes to the financial statements. Analyze and then summarize the

significant accounting policies that have been established as described in the notes to

the financial statements for each of the above items. (3-4 paragraphs).

4.Is there any information that seems to be a concern to you? Why or why not? Analyze

and comment on the comparative financial information. (2-3 paragraphs).

a.Include any appropriate ratios (presented at the end of each chapter). Consider

the relationship between revenue and accounts receivable. Between revenue

and inventory. Any other relationships to consider? Were there large variances

year-over-year? Any indication of why the large variance occurred? Consider a

comparison to another company in a similar industry.

5.What is your opinion about the significant accounting policies and procedures

presented? How do the significant accounting policies presented in the notes to the

financial statements compare to the disclosure topics discussed in the textbook?

6.Conclusion and wrap up.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ethics

Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury

3rd Edition

1119118786, 9781119118787

More Books

Students also viewed these Accounting questions