Balance Sheet & Financial Statements Analysis Financial Improvement Worksheet

Question Description

SG#3 INSTRUCTIONS:SG#3 continues to analyze the financial statements of your chosen company. For this assignment, you may use the financial statements you printed for SG#1.Please type your answers to the following questions, and upload your answers, Income Statement, Balance Sheet, and footnotes (in that order). Use the highlighter tool to highlight the numbers in the financial statements/footnotes that you used for your answers. You MUST also include calculations in your typed answers. Failure to follow the instructions will result in a 0 on the assignment.

QUESTIONS:1. What is your company’s current ratio this year and last year? (show your work)Does the change indicate financial improvement or decline? What does the current ratio measure?

2. What is your company’s acid-test ratio this year and last year? (show your work)Does the change indicate financial improvement or decline?

3. Does your company have positive or negative financial leverage? How do you know? Compute the ratios that support your answer.

4. Which depreciation method does your company use?

5. What is your company’s largest plant asset?

6. How much Goodwill did your company report for the most recent year? What other Intangible Assets does your company report?

7. Does your company report any impairment of its intangible assets? If so, how much?

8. Identify one contingent liability discussed in your company’s footnotes. Identify the event that would cause the contingent liability to become an actual liability.

9. Identify one off-balance sheet item discussed in your company’s footnotes.

Do you have a similar assignment and would want someone to complete it for you? Click on the ORDER NOW option to get instant services at EssayBell.com

Do you have a similar assignment and would want someone to complete it for you? Click on the ORDER NOW option to get instant services at EssayBell.com. We assure you of a well written and plagiarism free papers delivered within your specified deadline.