(1) What business strategies are being pursued by each company?
(2) What are the key accounting policies and estimates for each company, given their industry
and business strategies?
(3) Do the financial statements reflect the underlying economic reality?
Each person will submit a written report of their findings on the above, not to exceed two
pagesof double‐spaced text.
In addition to the above, the report should incorporate the following items within the balance
sheet and the income statement:
THE BALANCE SHEET
Locate the company’s balance sheet.
Balance sheet date:
Page on which balance sheet appears:
The accounting equation is Assets = Liabilities + Stockholders’ Equity. Replacing the words in
the accounting equation with dollar amounts, give the company’s accounting equation at the end
of the current and prior years.
Assets = Liabilities + Equity
Calculate the company’s current ratio for both 2018 and 2019.
Show your computations.
Explain what information this ratio provides in 1-3 sentences.
Has the current ratio improved or worsened? Explain in 1-3 sentences
Calculate the company’s debt to total assets ratio (also called total debt to equity) for both 2018
and 2019. Show your computations.
Explain what information this ratio provides. Explain in 1-3 sentences
Has the ratio improved or worsened? Explain in 1-3 sentences
BUS 165A –Term Project
THE INCOME STATEMENT
Locate the company’s income statement.
What is the period covered by the income statement?
What is the page on which the income statement appears?
- Does the format of the statement more closely follow a single-step or a multiple-step format?
How can you tell?
- What are the accounts that catch your attention compared to the previous year’s income
- What could be the reasons of the increases or decreases from one year to another? Explain in
- Could you please provide your input on how the company might increase its net income?
Explain in 1-3 sentences
On Wednesday, January 3, the New York Times announced that Governor Cuomo was following the lead of Oregon and Tennessee and revealing a proposition to make open school allowed to New York inhabitants under a particular pay level – with one curve. In contrast to Oregon and Tennessee, which make a two-year training at the junior college free, Governor Cuomo has extended the idea to most four-year state schools in New York. Free school – How lucky for New York inhabitants. Or then again would it be advisable for me to state, how tragic? New York inhabitants will currently have the capacity to run in huge numbers to foundations that are now packed and produce troubling outcomes. The default rate on understudy credits at New York state funded colleges and universities was 9.3% for the 2012 companion. What’s more, the finish rate at New York junior colleges is just 20.6%. So how about we perceive how this will function. We will urge understudies to go to a school where just a little measure of entering understudies procure a degree. What’s more, obviously, we won’t probably prevent understudies from taking out an understudy advance. Probably not! The expense of participation as determined by the school and directed by the U.S. Bureau of Education far exceeds educational cost and incorporates food and lodging, transportation and the sky is the limit from there. Furthermore, schools can’t disallow understudies from obtaining more than the expense of educational cost. The outcome? Understudies will enlist at a “free school” and obtain cash for the expense of participation. At that point, they will drop out and have an understudy advance – yet no aptitudes. Splendid. Then, is the “free school” truly free? Obviously not. State funded training is supported essentially by property charge. So expenses will go up and all property proprietors – regardless of whether they have school age kids or not – will, truth be told, pay for the free school. No, let me revamp that. They will pay for the free educational cost while prospective school dropouts use understudy advances. At that point, when the understudies going to “free” school default on their understudy credit, the citizen will indeed bear the weight. We should back up a moment and investigate one reason Governor Cuomo states free school is essential: “devastating understudy obligation.” Why isn’t anybody tending to the essential supporter of understudy obligation? Schools and colleges are not permitted to restrict understudy advance sums. On the off chance that an understudy is qualified for an advance – regardless of whether they ne>GET ANSWER