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I was wondering if anyone can help me answer these questions? I've done the income statement but I'm not 100% sure how to read it
I was wondering if anyone can help me answer these questions? I've done the income statement but I'm not 100% sure how to read it correctly. Thank you so much!
- What is the financial situation of the company as of November 30?
- Did the financial situation improve, remain the same, or start to decline through the month of December?
- What areas of strength exist in the company? What are the company's weaknesses?
- What are some areas where the company has opportunities for growth for the company's financial situation?
- Debt to Equity Ratio (Total Liabilities/Equity) This ratio provides a look at how much the creditors have put into the company compared to how much the owners have put into the company.
- Current Ratio (Current Assets/Current Liabilities) This provides a look at whether the business has enough current assets to pay their current liabilities.
- Profit Margin (Net Income/Sales) This provides a measure of how much profit is earned on each dollar of sales.
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