Question
Use the financial data provided below to determine if the firm is using an aggressive, moderate, or conservative approach for managing assets and liabilities for
Use the financial data provided below to determine if the firm is using an aggressive, moderate, or conservative approach for managing assets and liabilities for both years of data provided. You must show your work and explain/justify your answer.
| Balance Sheet | ||
| Balance Sheet as of: | Dec-31-2016 | Dec-31-2020 |
| Currency | USD | USD |
| ASSETS | ||
| Cash And Equivalents | 8,801.0 | 7,752.0 |
| Short Term Investments | 1,228.0 | 17,838.0 |
| Total Cash & ST Investments | 10,029.0 | 25,590.0 |
| Accounts Receivable | 8,265.0 | 9,950.0 |
| Other Receivables | 567.0 | - |
| Total Receivables | 8,832.0 | 9,950.0 |
| Inventory | 43,199.0 | 81,715.0 |
| Finance Div. Loans and Leases, ST | 428.0 | 101.0 |
| Other Current Assets | - | 4,286.0 |
| Total Current Assets | 62,488.0 | 121,642.0 |
| Gross Property, Plant & Equipment | 29,690.0 | 33,579.0 |
| Accumulated Depreciation | (16,883.0) | (20,507.0) |
| Net Property, Plant & Equipment | 12,807.0 | 13,072.0 |
| Long-term Investments | 1,317.0 | 1,016.0 |
| Goodwill | 5,324.0 | 8,081.0 |
| Other Intangibles | 2,540.0 | 2,843.0 |
| Finance Div. Loans and Leases, LT | 3,773.0 | 1,936.0 |
| Deferred Tax Assets, LT | 332.0 | 86.0 |
| Other Long-Term Assets | 1,416.0 | 3,460.0 |
| Total Assets | 89,997.0 | 152,136.0 |
| LIABILITIES | ||
| Accounts Payable | 11,190.0 | 12,928.0 |
| Accrued Exp. | 10,937.0 | 12,139.0 |
| Curr. Port. of LT Debt | 284.0 | 793.0 |
| Curr. Port. of Leases | - | 268.0 |
| Finance Div. Debt Current | 100.0 | 900.0 |
| Curr. Income Taxes Payable | 89.0 | 43.0 |
| Unearned Revenue, Current | 23,869.0 | 50,488.0 |
| Other Current Liabilities | 3,665.0 | 9,721.0 |
| Total Current Liabilities | 50,134.0 | 87,280.0 |
| Long-Term Debt | 6,804.0 | 60,987.0 |
| Long-Term Leases | - | 1,287.0 |
| Finance Div. Debt Non-Curr. | 2,764.0 | 700.0 |
| Pension & Other Post-Retire. Benefits | 25,859.0 | 18,545.0 |
| Def. Tax Liability, Non-Curr. | 1,338.0 | 1,010.0 |
| Other Non-Current Liabilities | 2,221.0 | 402.0 |
| Total Liabilities | 89,120.0 | 170,211.0 |
| Common Stock | 5,061.0 | 5,061.0 |
| Additional Paid In Capital | 4,762.0 | 7,787.0 |
| Retained Earnings | 40,714.0 | 38,610.0 |
| Treasury Stock | (36,097.0) | (52,641.0) |
| Comprehensive Inc. and Other | (13,623.0) | (17,133.0) |
| Total Common Equity | 817.0 | (18,316.0) |
| Minority Interest | 60.0 | 241.0 |
| Total Equity | 877.0 | (18,075.0) |
| Total Liabilities And Equity | 89,997.0 | 152,136.0 |
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Shape Up Your Finances
Authors: Ian Birt
2nd Edition
1925716422, 978-1925716429
