Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seeking assistance in identifying any positive or negative trends based on the balance sheet below. If any one thing is the ultimate take away, how

Seeking assistance in identifying any positive or negative trends based on the balance sheet below. If any one thing is the ultimate take away, how can this be ascertained?

Period Ending 5/31/2018 5/31/2017 5/31/2016

Cash And Cash Equivalents 4,249,000 3,808,000 3,138,000

Short Term Investments 996,000 2,371,000 2,319,000

Net Receivables 3,498,000 3,677,000 3,241,000

Inventory 5,261,000 5,055,000 4,838,000

Other Current Assets 240,000 217,000 489,000

Total Current Assets 15,134,000 16,061,000 15,025,000

Long Term Investments - - -

Property Plant and Equipment 4,454,000 3,989,000 3,520,000

Goodwill 154,000 139,000 131,000

Intangible Assets 285,000 283,000 281,000

Accumulated Amortization - - -

Other Assets 2,509,000 2,787,000 2,422,000

Deferred Long Term Asset Charges 1,978,000 2,516,000 2,033,000

Total Assets 22,536,000 23,259,000 21,379,000

Accounts Payable 2,279,000 2,048,000 2,191,000

Short/Current Long Term Debt 6,000 6,000 89,000

Other Current Liabilities 677,000 552,000 578,000

Total Current Liabilities 6,040,000 5,474,000 5,358,000

Long Term Debt 3,468,000 3,471,000 1,993,000

Other Liabilities 3,216,000 1,907,000 1,770,000

Deferred Long Term Liability Charges - - -

Minority Interest - - -

Negative Goodwill - - -

Total Liabilities 12,724,000 10,852,000 9,121,000

Misc. Stocks Options Warrants - - -

Redeemable Preferred Stock - - -

Preferred Stock - - -

Common Stock 3,000 3,000 3,000

Retained Earnings 3,517,000 6,907,000 4,151,000

Treasury Stock -92,000 -213,000 318,000

Capital Surplus 6,384,000 5,710,000 7,786,000

Other Stockholder Equity -92,000 -213,000 318,000

Total Stockholder Equity 9,812,000 12,407,000 12,258,000

Net Tangible Assets 9,373,000 11,985,000 11,846,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Accounting

Authors: Charles T Horngren, John A Elliott

9th Edition

0131479725, 978-0131479722

More Books

Students also viewed these Accounting questions

Question

P(72 Answered: 1 week ago

Answered: 1 week ago

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago