The following ratios and other information are based on a company's comparative financial statements for a two-year
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a. What is the amount of current liabilities at the end of 2011?
b. What is the amount of total debt at the end of 2011?
c. What is the total shareholders' equity at the end of 2011?
d. Do you think this company is a retail company, a financial institution, or a service organization? Explain.
e. If the company has 1,650,200 common shares outstanding for most of 2011 and has issued no other shares, what are its net earnings for 2011?
f. Based on the information available, what is your assessment of the company's liquidity? Explain.
g. Given the limited information, what is your assessment of the company's overall financial position? Explain.
h. What changes do you see between 2010 and 2011 that appear particularly significant? What explanations might there be for these changes?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a The current liabilities are 664892 found by using the current ratio Current ratio Current assets Current liabilities Current ratio x Current liabilities Current assets Current liabilities Current as...View the full answer
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Related Book For 
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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