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Looking at this company's income statement and its standardized financial statements how is the financial position of the business? What is the companys performance? BACKGROUND
Looking at this company's income statement and its standardized financial statements how is the financial position of the business? What is the companys performance?
BACKGROUND S\&S Air, Inc. was founded 10 years ago. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own and fly their own airplanes. The company has two models; the Birdie, which sells for $103,000, and the Eagle, which sells for $178,000. Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S\&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only 5 weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial airplane may take 1K to 2 years to complete once the order is placed Step by Step Solution
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