A B D F G. H 2 Assets 3 2014 2015 4 Current Assets Cash 3,417 3,312 5,100 1,330 6. Accounts Receivable 4,854 Inventory 1,271 8. Prepaid Expenses 631 650 9. 32,875 3,450 10 PPE 33,600 11 Goodwill 3,670 12 13 Total Assets 46,498 47,662 14 15 Liabilites 16 17 Current Liabilities 6,109 6,305 1,200 18 Accounts Payable 19 Current Portion Debt (CPLTD) 2,350 20 21 Senior Debt 21,000 20,800 22 Subordinated Debt 5,500 5,500 23 24 Total Liabilites 34,959 33,805 25 26 Shareholders' Equity 27 28 Common Stock 7,545 7,545 29 Retained Earnings 3,994 6,312 30 Shoot1 shoot?

Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.7EC
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1.  Was the company profitable in 2015?  Explain how you reached this conclusion

A
B
D
F
G.
H
2 Assets
3
2014
2015
4
Current Assets
Cash
3,417
3,312
5,100
1,330
6.
Accounts Receivable
4,854
Inventory
1,271
8.
Prepaid Expenses
631
650
9.
32,875
3,450
10
PPE
33,600
11
Goodwill
3,670
12
13
Total Assets
46,498
47,662
14
15 Liabilites
16
17
Current Liabilities
6,109
6,305
1,200
18
Accounts Payable
19
Current Portion Debt (CPLTD)
2,350
20
21
Senior Debt
21,000
20,800
22
Subordinated Debt
5,500
5,500
23
24
Total Liabilites
34,959
33,805
25
26 Shareholders' Equity
27
28
Common Stock
7,545
7,545
29
Retained Earnings
3,994
6,312
30
Shoot1
shoot?
Transcribed Image Text:A B D F G. H 2 Assets 3 2014 2015 4 Current Assets Cash 3,417 3,312 5,100 1,330 6. Accounts Receivable 4,854 Inventory 1,271 8. Prepaid Expenses 631 650 9. 32,875 3,450 10 PPE 33,600 11 Goodwill 3,670 12 13 Total Assets 46,498 47,662 14 15 Liabilites 16 17 Current Liabilities 6,109 6,305 1,200 18 Accounts Payable 19 Current Portion Debt (CPLTD) 2,350 20 21 Senior Debt 21,000 20,800 22 Subordinated Debt 5,500 5,500 23 24 Total Liabilites 34,959 33,805 25 26 Shareholders' Equity 27 28 Common Stock 7,545 7,545 29 Retained Earnings 3,994 6,312 30 Shoot1 shoot?
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