Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE HELP! WILL RATE!!!! Please draw conclusions regarding the company from the balance sheet given. 2021 2020 2019 ASSETS Current Assets Cash Raw Materials Inventory
PLEASE HELP! WILL RATE!!!!
Please draw conclusions regarding the company from the balance sheet given.
2021 2020 2019 ASSETS Current Assets Cash Raw Materials Inventory Finished Goods Inventory $10,614,465 $0 $0 $7,717,624 $3,942,669 $0 S2,067,102 $0 S290,343 Total Current Assets $10,614,465 $8,007,967 S6,009,772 Non Current Assets Plant Less: Accumulated Depreciation 3,600,000 3,600,000 $4,000,000 $2,165,109 $2,005,677 $2,031,700 $1,968,300 $12,049,356 9,602,290 $7,978,072 Total Non Current Assets $1,434,891 $1,594,323 TOTAL ASSETSStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started