Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company we will be using / analyzing is Integrated Micro - Electronics Inc. ( IMI ) 1 . Investigate the balance sheet for changes

The company we will be using/analyzing is Integrated Micro-Electronics Inc. (IMI)
1.Investigate the balance sheet for changes in the size and financial position of the company (3 years of financial statement data). To calculate changes, subtract the prior year balance from the current year balance. For example, the change in fixed assets between 2020 and 2021=2021 Fixed assets -2020 fixed assets.
1. Cash analysis: Sources/Uses of cash
1. Comment on how the company sources cash (increase in a liability/decrease in an asset)
2. Comment on how the company uses cash (increase in an asset/decrease in a liability)
2.Comment on any trends or changes you notice, for example, increases/decreases in fixed assets, cash, debt, etc. Identify those areas you consider of importance to the company and its stakeholders.
2.Common size analysis (3 years of financial statement data):
1.Divide the income statement items by sales
2.Divide the balance sheet items by sales
Examples:
Current assets/sales
Inventory/sales
Accounts receivable/ sales
Current liabilities/sales
Accounts payable/sales
Accrued expenses/sales
Fixed assets/sales
Total Assets/Sales
Comment on any trends or changes you discover.
INFO provided by me that you will use:
(seperated by year, starts w 2022, then 2021, then 2020)
Sales/Revenue =76,821,64,112,56,338
Total Current Assets =43,29238,36335,258
Inventories =15,236,12,489,7,096
Total Accounts Receivable =20,64217,23316,129
Total Current Liabilities =28,687,24,097,22,896
Accounts Payable =11,821,10,472,8,479
Total Assets =61,663,57,411,54,582
Net Property, Plant & Equipment =9,216,9,710,10,114
Please answer the questions using the information I provided. I will downvote if you repeat what the questions state, one of the "Experts" didn't help previously.

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

Accounting Chapters 14-23

Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver

8th Edition

0136073018, 978-0136073017

More Books

Students also viewed these Accounting questions

Question

finding entry-level positions;

Answered: 1 week ago

Question

=+ What scenarios could draw the audience in?

Answered: 1 week ago

Question

=+ What graphics could stop the viewer?

Answered: 1 week ago