ch 3 ICA Blank Template (1)

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ASSIGNMENT: REVIEW QUESTIONS Direction: Answer comprehensively the following questions. 1. Explain the following statement, "While the statement of financial position can be thought of as a snapshot of a firm's financial position at a point in time, the income statement reports on operations over a period of time." 2. Financial statements are based on financial reporting standards and are audited by CPA firms. Do investors need to worry about the validity of those statements? Explain your answer. 3. How is income statement related to the statement of financial position? 4. Comment on why inflation may restrict the usefulness of the statement of financial position as normally presented.

The following table presents the financial summary of a major international company    After analysis the analyst made following assertions: The company’s efficiency deteriorated The company’s liquidity improved The company’s solvency deteriorated The company’s profitability deteriorated Required: Verify analyst claims while supporting your answers with relevant calculations Comment on overall financial performance of the company.

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Please give a detailed analysis of the financial statements given below for Joshua & White Technologies. Your analysis should include answers to the questions as follows (not limited to these questions):   Has the company’s liquidity position improved or worsened?    Has the company’s ability to manage its assets improved or worsened?    How has the company’s profitability changed during the last year?        Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars)                 Assets     2019 2018 Cash and cash equivalents $21,000 $20,000 Short-term investments   3,759 3,240 Accounts Receivable   52,500 48,000 Inventories     84,000 56,000   Total current assets   $161,259 $127,240   Net fixed assets   223,097 200,000 Total assets     $384,356 $327,240           Liabilities and equity       Accounts payable   $33,600 $32,000 Accruals     12,600 12,000…

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1.Comment on the management's ability to manage the accounts receivable over the past two years. 2. What is a possible explanation for the decrease to the Wages and Salaries expense? 3. Explain the reason for the increase to the bank loan. 4. Comment on the current ratio. Is is good/bad? Why 5. Using all the information, make comments about the company’s overall performance over the past 2 years. • Complete this question using point form but fully justify your findings. • Comment on liquidity, solvency, and profitability • Would you recommend with company to investors? RETURN OF EQUITY IS 12.7%

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Choose from the drop down list the stage of the corporate life cycle the company described is experiencing: introductory/growth, maturity or decline. Assume the company being described follows a typical life cycle, a. The company is not generating positive cash from its operating activities. The company's cash flow from investing activities is negative as expenditures are being made for property, plant and equipment. Introductory/ Growth Decline Maturity C. The company has started to declare and pay dividends. d. The company's cash from operating activities and investing activities has begun to decline. e. Cash from investing activities is positive and the company is selling off excess assets. The company is experiencing positive cash flows from all three sources of cash: operating, investing and financing activities. f. 8. The company's cash from financing activities is negative. b.

What are possible plans that management of a troubled business might create to mitigate substantial doubt that the entity will fail to make its debt payments within one year from the issuance of financial statements? Essay Toolbar navigation BI U S E := A > !!!

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Question # 5: You are a financial manager in Gama Corporation.  You have the task of getting the company back into a sound financial position. Gama Corporation’s 2017 and 2018 balance sheets and income statements, together with projections for 2019, are shown in the following tables. The tables also show the 2017 and 2018 financial ratios, along with the industry average data. Your assignment is to answer the following questions.  Provide clear explanations, not yes or no answers. Show your work for the calculations. Balance Sheets Assets 2017                      2018           2019 (Projected) Cash $         9,000    $        7,282    $       14,000 Short-Term Investments. 48,600   20,000   71,632 Accounts Receivable 351,200   632,160   878,000 Inventories 715,200   1,287,360   1,716,480    Total Current Assets  $  1,124,000    $ 1,946,802    $  2,680,112 Gross Fixed Assets 491,000…

Done docs.google.com 1 punto 4. Evaluate the following statements: 1. A solvency ratio measures the income or operating success of an enterprise for a given period of time. II. Receivable turnover is useful in assessing the profitability of receivables III. Liquidity ratios measure the ability of the enterprise to survive over a long period of time. Which of the below statements are false? a. All statements are false. b. Statements I and II are false. c. Statement II is false. d. Statement III is true.

Emerson Electric is engaged in design, manufacture, and sale of a broad range of electrical, electromechanical, and electronic products and systems. The following shows Emerson's net income and net income before extraordinary items for the past 20 years (in millions): Net Year Income Y1 $201.0 Y2 237.7 Y3 273.3 Y4 300.1 Y5 302.9 Y6 349.2 Y7 401.1 Net Income before Extraordinary Items $201.0 237.7 273.3 300.1 302.9 349.2 401.1 Net Year Income Y8 $408.9 Y9 467.2 Y10 528.8 Y11 588.0 Y12 613.2 Y13 631.9 Y14 662.9 Net Income before Extraordinary Items $408.9 467.2 528.8 588.0 613.2 631.9 662.9 Emerson Electric Net Year Income Net Income before Extraordinary Items Y15 $708.1 Y16 Y17 Y18 1,018.5 Y19 1,121.9 Y20 1,228.6 1,228.6 788.5 907.7 $ 708.1 904.4 929.0 1,018.5 1,121.9 Emerson has achieved consistent earnings growth for more than 160 straight quarters (more than 40 years). PROBLEM 2-14 Earnings Management Strategies

General Accounting 4.2

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2. Balance sheet The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's financial condition and performance. Cold Goose Metal Works Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet. Cold Goose Metal Works Inc. Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 2 Year 1 Assets Liabilities and equity Current assets: Current liabilities: Cash and equivalents $15,328 $4,612 Accounts receivable 2,109 1,688 Accounts payable Accruals $0 $0 293 0 Inventories 6,187 4,950 Notes payable 1,660 1,562 Total current assets $14,062 $11,250 Total current liabilities $1,562 Net fixed assets: Long-term…