Question
these are the question for which i want answers separately for each Information for LALA Company are provided below. Prepare a common-size Balance Sheet for
these are the question for which i want answers separately for each
Information for LALA Company are provided below.
- Prepare a common-size Balance Sheet for LALA Company.
- Briefly explain your findings in part 1.
- Calculate Current ratio for 2019 & 2020. Comment on the firms liquidity.
- Calculate Debt to Assets ratio & Debt to Equity ratio for 2019 & 2020. Comment results.
LALA Company Balance Sheet Years ended 2019 and 2020 (in thousands of Canadian dollars) | ||||||
Assets | Liab. and Equity | |||||
2019 | 2020 | 2019 | 2020 | |||
Current Assets | Current Liabilities | |||||
Cash | $ 235 | $289 | Accounts Payable | $610 | $ 570 | |
Accounts Receivable | 540 | 568 | Notes Payable | 300 | 330 | |
Inventory | 433 | 419 | Total | 910 | 900 | |
Total | 1,208 | 1,276 | Long-Term Debt | 0 | 600 | |
Fixed Assets | 890 | 1,200 | Common Stock | 88 | 88 | |
Retained Earnings | 1,100 | 888 | ||||
Total Assets | $2,098 | $2,476 | Total Liab. and OE | $ 2,098 | $2,476 | |
LALA Company Balance Sheet Years ended 2019 and 2020 (in thousands of Canadian dollars) | ||||||
Assets | Liab. and Equity | |||||
2019 | 2020 | 2019 | 2020 | |||
Current Assets | Current Liabilities | |||||
Cash | Accounts Payable | |||||
Accounts Receivable | Notes Payable | |||||
Inventory | Total | |||||
Total | Long-Term Debt | |||||
Fixed Assets | Common Stock | |||||
Retained Earnings | ||||||
Total Assets | Total Liab. and OE |
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