Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the strategic implications for this companies health.A concluding summary statement should address the strategic implications arising from your analysis of the financial health

What are the strategic implications for this companies health.A concluding summary statement should address the strategic implications arising from your analysis of the financial health of the company.

image text in transcribed
Balance sheet Decemebr 28, 2019 Decemebr 29, 2018 Trend Current asset Cash $ 72,525.00 80,051.00 Accounts receivable, net 82688 59328 Inventory 185700 145423 Prepaid expenses and other current assets 19644 12211 Total current asset 360557 297013 Fixed or non-current Asset Property and equipment, net 82610 74097 Operating lease right of-use assets A 37768 Goodwill 54293 54293 Intangible income assets 90850 80019 Deferred income taxes 1082 7777 Deferred charges and other assets 2389 1014 Total Assets $ 629,549.00 $ 514,213.00 Current Liabilities Accounts payable 83823 68737 Accrued expensies and other current liabilities 42088 53022 Taxes payable 3329 6390 Accrued payroll and related costs 18119 15551 Operating lease liabilties 7768 Current maturities of long-term debt 15185 43638 Total current liabilities 170312 187338 Long term debtet of current portion 281715 284376 Operating lease liabilities, non-current 42200 Other liabilities 13307 13528 Total liabilities 507,534.00 $ 485,242.00 Total equity 122,015.00 $ 28,971.00 Total Liability and equity 629,549.00 $ 514,213.00

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

Managerial Accounting The Cornerstone Of Business Decision Making

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

8th Edition

0357715349, 978-0357715345

More Books

Students also viewed these Accounting questions

Question

Describe two of Georg Elias Mllers contributions to psychology.

Answered: 1 week ago

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago