Question
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
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