Write a 525- to 700-word summary that includes the following:

Explain how the three different parts of the Financial Statement work together to provide a picture of how the business is operating.

Explain the role of the Financial Manager in stewarding the company?s resources.

Formulate and write your opinion as to whether the market for JJ?s Jammers is good based on the financial results depicted in the 2011 and 2012 results.

Jeneane's Jammers Assets Cash and securities Accounts receivable Inventories Other Current Assets Total Current Assets Liabilities and Stockholder Equity 2012 2011 315954 288592 Accounts payable 404933 306245 Notes payable 494282 423897 Accrued Taxes 21349 21349 1236518 1040083 Total Current Liabi Long Term Debt Plant & Equipment less: accumulated Depr Net plant and Equipme 1023458 -594200 429258 Goodwill and Other Ass 448484 Total Assets 2114260 1023458 Total Liabilities -512200 Common Stock 511258 Additional Paid in Retained Earning 450213 Treasury stock (5 Total Stockholder 2001554 Total Liabilities a er Equity 2012 373807 10578 19 2011 349352 10578 18 386416 563748 359948 574326 950164 179798 842967 166634 -25303 1164096 2114260 934274 179798 842967 67815 -23300 1067280 2001554 Jeneane's Jammers Income Statement Net Sales Cost of Goods sold Gross Profit Selling and Admin Expenses EBITDA Depreciation and Amortization EBIT Interest (5.5%) EBT Taxes (33%) Net Income Dividends Addition to retained earnings 2012 1701013 1158229 542784 247638 295147 83729 211418 56000 155418 51288 104130 5311 98819 2011 1589732 1082457 507275 231437 275838 83729 192109 56000 136109 46277 89832 4581 85251 (Depreciation is 82,000 a Dividend payout is 5.1% o eciation is 82,000 and amortization is 1729) nd payout is 5.1% of net income JJ's Jammers Cash flow Reconciliation Statement 2012 Starting Cash 288592 Net Income Increase in receivables ( ) Increase in Inventory ( ) Decrease in Fixed Assets Decrease in Intangibles Increase in Payables Increase in Accrued Taxes Decrease in Long term debt 27353 Ending Cash 315945 98819 -98688 -70384 82000 1729 24454 1 -10578