Please confirm and advise when I can get the answer as due tomorrow evening. See attached for the question. I will copy and paste since your upload function doesn't seem to be working.

Scenario

The Superintendent of Private Career Colleges has asked the Quality and Partnerships Unit to assess the current financial situation of a small subgroup of private career colleges. There are concerns that this subgroup, consisting of three specialized Tractor-Trailer/ Driver Licensing private career colleges, is not currently healthy and may be putting students at risk should any of the colleges suddenly close.

Requirement

Using the information provided below, provides analysis of the financial health of each of the three schools, as well as the overall financial health of the subgroup.

- Demonstrate appropriate use of financial indicators and ratios, clearly showing why each is important and what it shows;

- Describe the methods and process you used to undertake your analysis;

- Provide your conclusion on the health of the sector and each institution; and,

- Provide your recommendation to the Superintendent of Private Career Colleges.

College A - Organization Details

PCC ID
Fiscal Year-end
Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	32,124	75,683
Accounts Receivable	150,769	108,577
Inventory	-	-
Prepaid Expense	4,564	4,464
Due to Related Parties	-	-
Total Current Assets	187,457	188,724
Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	539,018	554,531
Goodwill	4,594	4,594
Franchisee Fees	-	-
Future Income Taxes	14,853	15,911
Other Long-Term Assets	134,660	126,852
Total Long-Term Assets	693,125	701,888
Total Assets	880,582	890,612
Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	55,253	68,469
Deferred Revenue	113,518	52,370
Due to Related Parties	-	-
Income Taxes Payable	9,567	8,275
Current Portion of Loan Payable	21,678	62,839
Government Remittances Payable	-	-
Advances from Shareholders	-	-
Other Current Liabilities	7,735	8,115
Total Current Liabilities	207,751	200,068
Long-Term Liabilities
Loan Payable	79,046	79,046
Due to Associated Companies	-	-
Future Income Taxes	-	-
Due to Related Parties	53,787	84,366
Due to Shareholders	19,482	-
Capital Lease	-	-
Total Long-Term Liabilities	152,315	163,412
Total Liabilities	360,066	363,480
Shareholders' Equity (Deficiency)
Share Capital	100	100
Retained Earnings (Deficit)	520,416	527,032
Total Shareholders' Equity	520,516	527,132
Total Shareholders' Equity & Liabilities	880,582	890,612

A

31-Dec-20

Income Statement
	2020	2019
Revenue
Vocational Revenue	667,571	1,066,097
Non-vocational Revenue	72,720	37,129
Other Revenue	86,408	85,293
Total Revenue	826,699	1,188,519
Expenses
Salaries and Benefits	-	-
Advertising and Promotion	18,503	44,845
Insurance	59,631	55,567
Rent and Occupancy Costs	49,692	51,504
Equipment Rentals	-	-
Repairs and Maintenance	8,924	12,956
Auto and Travel	76,646	121,608
Meals and Entertainment	-	-
Telephone, Internet & Utilities	15,336	11,820
Bank Charges and Interest	6,084	6,216
Management Fees and Benefits	-	-
Contract Instructors	440,502	546,017
Commission	-	-
Bad Debts	39,772	1,560
Supplies	2,707	1,274
Office and General Expenses	10,069	8,273
Amortization	25,483	21,299
Training	13,053	18,861
Professional Fees	16,380	15,564
Other Expenses	46,867	44,430
Total Expenses	829,649	961,794
Net Operating Income (Loss)	- 2,950	226,725
Other Gain (Loss)	-	-
Net Income (Loss) Before Taxes	- 2,950	226,725
Current Income Tax	2,608	8,275
Future Income Taxes	1,058	23,953
Income Taxes (Recovered)	3,666	32,228
Net Income (Loss)	- 6,616	194,497

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 527,032 332,535

Net Income (Loss): 6,616 194,497

Other Retained Earnings: - -

Retained Earnings (Deficit), End of Year: 520,416 527,032

College B - Organization Details

PCC ID

Fiscal Year-end

Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	8,703	9,221
Accounts Receivable	10,500	6,900
Inventory	-	-
Prepaid Expense	-	-
Due to Related Parties	-	5,366
Total Current Assets	19,203	21,487
Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	-	-
Goodwill	-	-
Franchisee Fees	-	-
Future Income Taxes	-	-
Other Long-Term Assets	-	-
Total Long-Term Assets	-	-
Total Assets	19,203	21,487
Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	5,000	4,999
Deferred Revenue	6,750	2,500
Due to Related Parties	-	-
Income Taxes Payable	-	-
Current Portion of Loan Payable	-	-
Government Remittances Payable	5,097	5,255
Advances from Shareholders	-	-
Other Current Liabilities	-	-
Total Current Liabilities	16,847	12,754
Long-Term Liabilities
Loan Payable	-	-
Due to Associated Companies	29,999	29,999
Future Income Taxes	-	-
Due to Related Parties	15,795	10,145
Due to Shareholders	-	-
Capital Lease	-	-
Total Long-Term Liabilities	45,794	40,144
Total Liabilities	62,641	52,898
Shareholders' Equity (Deficiency)
Share Capital	101	101
Retained Earnings (Deficit)	- 43,539	- 31,512
Total Shareholders' Equity	- 43,438	- 31,411
Total Shareholders' Equity and Liabilities	19,203	21,487

B
31-Dec-20
Income Statement
	2020	2019
Revenue
Vocational Revenue	121,096	151,574
Non-vocational Revenue	-	-
Other Revenue	-	-
Total Revenue	121,096	151,574
Expenses
Salaries and Benefits	49,576	55,827
Advertising and Promotion	-	-
Insurance	-	-
Rent and Occupancy Costs	75,000	109,425
Equipment Rentals	-	-
Repairs and Maintenance	-	-
Auto and Travel	-	-
Meals and Entertainment	-	-
Telephone, Internet & Utilities	-	-
Bank Charges and Interest	574	108
Management Fees and Benefits	-	-
Contract Instructors	-	-
Commission	-	-
Bad Debts	1,000	-
Supplies	-	-
Office and General Expenses	1,973	500
Amortization	-	-
Training	-	-
Professional Fees	5,000	7,500
Other Expenses	-	-
Total Expenses	133,123	173,360
Net Operating Income (Loss)	- 12,027	- 21,786
Other Gain (Loss)	-	26
Net Income (Loss) Before Taxes	- 12,027	- 21,760
Current Income Tax	-	-
Future Income Taxes	-	- 5,366
Income Taxes (Recovered)	-	- 5,366
Net Income (Loss)	- 12,027	- 16,394

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 31,512 15,118

Net Income (Loss): 12,027 16,394

Other Retained Earnings: - -

Retained Earnings (Deficit), End of Year: 43,539 31,512

College C - Organization Details

PCC ID
Fiscal Year-end
Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	14,100	2,709
Accounts Receivable	848	-
Inventory	-	-
Prepaid Expense	4,583	5,353
Harmonized sales tax recoverable	-	2,237
Total Current Assets	19,531	10,299
Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	65,392	44,081
Goodwill	-	-
Franchisee Fees	-	-
Future Income Taxes	-	-
Other Long-Term Assets	19,000	19,000
Total Long-Term Assets	84,392	63,081
Total Assets	103,923	73,380
Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	14,101	12,395
Deferred Revenue	22,729	9,377
Due to Related Parties	-	-
Income Taxes Payable	-	-
Current Portion of Loan Payable	20,096	13,167
Government Remittances Payable	-	-
Advances from Shareholders	21,195	16,000
Other Current Liabilities	7,908	598
Total Current Liabilities	86,029	51,537
Long-Term Liabilities
Loan Payable	44,321	33,684
Due to Associated Companies	-	-
Future Income Taxes	-	-
Due to Related Parties	-	-
Due to Shareholders	-	-
Capital Lease	-	-
Total Long-Term Liabilities	44,321	33,684
Total Liabilities	130,350	85,221
Shareholders' Equity (Deficiency)
Share Capital	100	100
Retained Earnings (Deficit)	- 26,527	- 11,941
Total Shareholders' Equity	- 26,427	- 11,841
Total Shareholders' Equity and Liabilities	103,923	73,380

C
31-Dec-20
Income Statement
	2020	2019
Revenue
Vocational Revenue	235,768	129,871
Non-vocational Revenue	92,846	69,904
Other Revenue	2,988	-
Total Revenue	331,602	199,775
Expenses
Salaries and Benefits	138,527	67,311
Advertising and Promotion	14,208	11,949
Insurance	14,279	10,157
Rent and Occupancy Costs	25,502	8,299
Equipment Rentals	-	1,092
Repairs and Maintenance	39,435	10,237
Auto and Travel	27,121	19,581
Meals and Entertainment	1,181	1,746
Telephone, Internet & Utilities	7,143	3,829
Bank Charges and Interest	13,271	7,579
Management Fees and Benefits	5,044	5,866
Contract Instructors	180	-
Commission	-	-
Bad Debts	-	839
Supplies	1,320	5,753
Office and General Expenses	12,624	3,360
Amortization	18,888	21,285
Training	12,130	5,948
Professional Fees	14,626	13,613
Other Expenses	-	-
Total Expenses	345,479	198,444
Net Operating Income (Loss)	- 13,877	1,331
Other Gain (Loss)	- 709	874
Net Income (Loss) Before Taxes	- 14,586	2,205
Current Income Tax	-	-
Future Income Taxes	-	-
Income Taxes (Recovered)	-	-
Net Income (Loss)	- 14,586	2,205

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 11,941 14,146

Net Income (Loss): 14,586 2,205

Dividends paid - -

Retained Earnings (Deficit), End of Year: 26,527 11,941