Q$8$: Financial statements for Flagstaff Hotel follow:

ASSETS

Current

Cash

Accounts Recervable

Inventories

Total Current Assets

Long Term

Property

Plant

Equipment

Less Depreciation

Total Long$-$Term Assets

Total Assets

$754090$ $$205$

$$125$

$200$

$150$

$50$

$$525$

$5730$

Flagstaf Hotel

June $30,2004$

LIABILTIES

current

Accounts payable

$ $60$

Wages Payable.

$40$

Taxes payabie

Total Current Labilities

Long Term

Bark Loans

$$50$

Line of Credit

Leass Obligations

Other Long$-$Term Obigations

Total Long$-$Tem Liabinties

Total Liabilities

OWNER EQUITY

Paid$-$in Capital

Capital Stock

Fetained Earnings

Total Owner Equity

Total Liabilities and Owner Equity

Required:

a$./$ Analysis vertical common and comment

b$./$ Prepare a trend analysis and comment.

c$./$ Analysis liquid Ratio