Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name 1 positive and 1 negative aspect of the balance sheet (Case exhibit 4 and part of case exhibit 1).From the case exhibit 1 sections

Name 1 positive and 1 negative aspect of the balance sheet (Case exhibit 4 and part of case exhibit 1).From the case exhibit 1 sections on "operating results" and "other data"name one good aspectand one bad or unusual aspect.You'll need to use ratio analyses for part of this answer.Do not discuss "net sales" or "net income" per se except as part of a ratio.Overall what would be encouraging or discouraging about the future from the "numbers"?

Balance Sheets 2014-2015 (Thousands of Dollars)

2015 2014

ASSETS

CURRENT ASSETS

Cash and cash equivalents $1,370.00 $1,515.00

Merchandise Inventory 1,873.00 1,889.00

Other current assets 742.00 913.00

Total Current Assets $3,985.00 $4,317.00

Plant and Equipment 2,850.00 2,773.00

Other Long Term Assets 638.00 600.00

Net Fixed Assets $7,473.00 $7,690.00

Total Assets $7,473.00 $7,690.00

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities

Current maturities of debt 421.00 21.00

Accounts payable 1,112.00 1,173.00

Accrued expenses and other current liabilities 979.00 1,020.00 Other Current Liabilities 23.00 20.00

Total Current Liabilities $2,535.00 $2,234.00

Long Term Liabilities

Lease incentive and other long-term liabilities $1,083.00 $1,141.00 Long-Term Debt 1,310.00 1,332.00

Total Long Term Liabilities $2,393.00 $2,473.00

Total Liabilities $4,928.00 $4,707.00

Stockholders Equity Common Stock 20.00 21.00 Accumulated other comprehensive Income 85.00 165.00 Retained Earnings 2,440.00 2,797.00

Total Shareholders Equity $2,545.00 $2,983.00

Total Liabilities and Owners Equity $7,473.00 $7,690.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

Students also viewed these Finance questions