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QUESTION TWO [30] You are an investment adviser at Peoples Investments and you are given the task of evaluating a new national frozen yogurt company
QUESTION TWO [30] You are an investment adviser at Peoples Investments and you are given the task of evaluating a new national frozen yogurt company that many clients are inquisitive about investing in. There is fierce competition within the frozen yogurt industry and not many barriers to entry. The company, Fro YoToGo is offering investors the opportunity to invest in the company as the company wants to expand. The following financial items from Fro YoToGo and the corresponding industry average are as follows: Fro YoToGo Industry average 31 December 2020 31 December 2020 200 000 300 000 Short term investments 100 000 200 000 Accounts receivable closing balance 25 000 30 000 Accounts receivable opening balance 15 000 Expenses paid in advance 30 000 Closing inventory 30 000 Opening inventory to 000 20 000
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