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I need help filling out the balance sheet and answering two questions about it . The balance sheet provides a snapshot of the financial condition
I need help filling out the balance sheet and answering two questions about itThe balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet Statement #: Blue Hamster's net collection of inventory items increased by more than the firm's sales between Years and
This statement is
because:
The accruals balance decreased by $ million between Years and
Total inventories of raw materials, workinprocess, and final goods increased from $ million to $ million between Year and
Year
Total inventories of raw materials, workinprocess, and final goods decreased by $ million between Year and Year
Statement #: Over the past two years, Blue Hamster Manufacturing Inc. has relied more on the use of shortterm debt than on long
term debt financing.
This statement is
because:
Blue Hamster's total current liabilities decreased by $ million, while its longterm debt account decreased by $ million
Blue Hamster's total current liabilities increased by $ million, while its use of longterm debt increased by $ million
Blue Hamster's total notes payable increased by $ million, while its common stock account increased by $ million
and other financial statements to make several interpretations regarding the company's financial condition and performance.
Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of
operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet.
Given the information in the preceding balance sheetand assuming that Blue Hamster Manufacturing Inc. has million shares of common stock
outstandingread each of the following statements, then identify the selection that best interprets the information conveyed by the balance sheet.
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