Concept explainers
a.
Identify the amount by which Company C’s total assets increased or decreased from December 31, 2013 to December 31, 2014.
b.
Identify the amount by which Company C’s cash and cash equivalents increased or decreased from December 31, 2013 to December 31, 2014 and also identify the amount of cash which Company C reported on its December 31, 2014, balance sheet.
c.
Identify the amount of accounts receivable and accounts payable which Company C reported on its December 31, 2014, balance sheet and discuss whether it appears that Company C is able to collect from its customers as well as pay its own bills.
d.
Identify whether Company C experienced revenue growth in 2014.
e.
Identify whether Company C was profitable in 2014 and the manner in which Company’s 2014 profit compares to 2013.
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