Apples and Nuts Company Balance Sheets December 31, 2012 December 31, 2011 Current assets: Cash Accounts receivable, net Inventory Prepaid rent Total current assets Equipment, net Total assets $ 98,000 310,000 275,000 10,000 693,000 180,000 $873,000 $ 90,000 216,000 170,000 6,000 482,000 258,000 $740,000 .... Total current liabilities Long-term liabilities Total liabilities Common stockholders' equity Retained earnings Total liabilities and stockholders' equity. $206,000 219.000 425,000 250,000 $223,000 217,000 440,000 190,000 110,000 $740,000 198,000 $873,000 Net income for the year ended December 31, 2012, was $100,000. Requirements 1. Compute as many of the financial statement ratios you have studied as possible with the information from Apples and Nuts Company. (Compute 2012 ratios.) 2. Would you invest in this company? Why or why not? What additional information would be helpful in making this decision?

Apples and Nuts Company Balance Sheets December 31, 2012 December 31, 2011 Current assets: Cash Accounts receivable, net Inventory Prepaid rent Total current assets Equipment, net Total assets $ 98,000 310,000 275,000 10,000 693,000 180,000 $873,000 $ 90,000 216,000 170,000 6,000 482,000 258,000 $740,000 .... Total current liabilities Long-term liabilities Total liabilities Common stockholders' equity Retained earnings Total liabilities and stockholders' equity. $206,000 219.000 425,000 250,000 $223,000 217,000 440,000 190,000 110,000 $740,000 198,000 $873,000 Net income for the year ended December 31, 2012, was $100,000. Requirements 1. Compute as many of the financial statement ratios you have studied as possible with the information from Apples and Nuts Company. (Compute 2012 ratios.) 2. Would you invest in this company? Why or why not? What additional information would be helpful in making this decision?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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