Review the current asset section of the balance sheet on page F-3 (PDF page 46) and explain what Accounts receivable, net of allowances refers to (i.e.,what is the company value for AR, what is AR,...

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  1. Review the current asset section of the balance sheet on page F-3 (PDF page 46) and explain what Accounts receivable, net of allowances refers to (i.e.,what is the company value for AR, what is AR, and why does it say net?)(3points)

  1. Under the Notes to Consolidated Financial Statements on page F-13 (PDF page 56) review the note for Accounts Receivable. When is an allowance for doubtful account provided?(1point)

  1. Review the current asset section of the balance sheeton page F-3 (PDF page 46)and explain theline-itemPrepaid expenses(i.e.,What is the company value for prepaid and what is a prepaid?).(2 points)

  1. Under the Notes to Consolidated Financial Statements onpage F-13 (PDF page 56) what has the companyincluded in Prepaid Expenses? When are the prepaid expenses expensed?(2 points)

  1. Review the non-current asset section of the balance sheet on page F-3 (PDF page 46) and explain what property and equipment, net refer to (i.e.,What is the value for property and equipment, what is property and equipment, and why does it say net?).(3 points)

  1. Under the Notes to Consolidated Financial Statements on page F-13 (PDF page 56) what does the company use as an estimate for the useful life of buildings? What does useful life refer to?(2 points)

  1. Under the Notes to Consolidated Financial Statements on page F-19 (PDF page 62) what is the total historical cost of property, plant, and equipment and what is the amount of accumulated depreciation?(2 points)

  1. Review the stockholders’ equity section of the balance sheet on page F-3 (PDF page 46) and explain what the balance in retained earnings includes.(1point)

  1. Review the statement of operations (income statement) on page F-4 (PDF page 47)and explain what cost of salesand gross profit refers to.(2 points)

  1. Review the statement of stockholders’ equity on page F-5 (PDF 48). How much did the company declare in dividends in 2019?(1 point)

  1. Based on your ratio analysis explain why this company would or would not be a good investment for potential investors.You must use specific ratios to make your case.Use a minimum of three ratios.(5 points)

  1. Based on your ratio analysis explain why or why not a creditor should be willing to provide a loan to this company. You must use specific ratios to make your case.Use a minimum of three ratios.(5 points)

Answered 1 days AfterMay 01, 2021

Solution

Harshit Agarwal answered on May 03 2021
18 Votes

1 Accounts Receivable represents the total amount of cash which the company is likely to receive from its customers to whom the company made sales and haven’t received the money and left on credit....

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