Question 1 15 points) The following financial statements are for Oppong Corporation og spoon Ended Decembe 31, 2014 2013 and 2012 1019 200 919.900 5+4200 547 400 505 000 372500 53 900 69700 441 100 302.300 7 800 8.300 433 500 294 500 37 400 38 500 396.00 255 900 782600 513 700 268 900 72 700 195 200 9 150 187 050 40.100 146.950 Opong Corporation Balance Sheet December 31, 2014 2013 and 2012 2016 Cash 17 900 Short-term investments 19 000 Accounts receivable net 27 900 Merchandise inventory 24 600 Prepad expenses 9.300 Notes recevable due in 2016 5.000 Property, plant and equipment, net 354 000 Total assets 457 700 Labtes and Egy Accounts payable 51 500 Salanes payable 9.400 Income taxes payable 39.700 Long-term note payable secured by mortgage on plant assets 34000 Share capital 320 000 3.100 Retained earnings Total abilities and equity 457 700 2013 21 500 17 000 25 400 30 100 8.800 6.500 339 000 449 400 25 600 16 000 25 500 29 000 9 400 8.000 316 000 430 500 48 100 8.900 34 000 39000 310.000 8. 400 448.400 49 700 9700 30 100 49000 290.000 2000 430 500 Compute the acid-test ratio below and indicate whether the change from year to year is favourable or unfavourable For your analysis assume that all other things have remained constant Apply your analysis in very general terms All values should be accurate to at least two decimal places Ratio 2013 Measure of Analysis - otestato (select one select one (0) ENG 9:06 AM 2021-04-24 ma Type here to search Question 1 15 points) The following financial statements are for Oppong Corporation og spoon Ended Decembe 31, 2014 2013 and 2012 1019 200 919.900 5+4200 547 400 505 000 372500 53 900 69700 441 100 302.300 7 800 8.300 433 500 294 500 37 400 38 500 396.00 255 900 782600 513 700 268 900 72 700 195 200 9 150 187 050 40.100 146.950 Opong Corporation Balance Sheet December 31, 2014 2013 and 2012 2016 Cash 17 900 Short-term investments 19 000 Accounts receivable net 27 900 Merchandise inventory 24 600 Prepad expenses 9.300 Notes recevable due in 2016 5.000 Property, plant and equipment, net 354 000 Total assets 457 700 Labtes and Egy Accounts payable 51 500 Salanes payable 9.400 Income taxes payable 39.700 Long-term note payable secured by mortgage on plant assets 34000 Share capital 320 000 3.100 Retained earnings Total abilities and equity 457 700 2013 21 500 17 000 25 400 30 100 8.800 6.500 339 000 449 400 25 600 16 000 25 500 29 000 9 400 8.000 316 000 430 500 48 100 8.900 34 000 39000 310.000 8. 400 448.400 49 700 9700 30 100 49000 290.000 2000 430 500 Compute the acid-test ratio below and indicate whether the change from year to year is favourable or unfavourable For your analysis assume that all other things have remained constant Apply your analysis in very general terms All values should be accurate to at least two decimal places Ratio 2013 Measure of Analysis - otestato (select one select one (0) ENG 9:06 AM 2021-04-24 ma Type here to search