Q1. Review the following accounts, subtotals, and totals; (1) describe your observations; and then..

Q1. Review the following accounts, subtotals, and totals; (1) describe your observations; and then..

Q1. Review the following accounts, subtotals, and totals; (1) describe your observations; and then (2) identify what your observations indicate. A response is given for Cash and Cash Equivalents to help with understanding. a. Cash and Cash Equivalents. more than tripled from $88 million in 2008 to $401 million in 2011 and from being 10% of total assets in 2008 to more than 25% of total assets in 2011, indicating this company is cash rich! b. Noncurrent assets. ___________________________________________________________ ____________________________________________________________________________________________________________________________________________________________ c. Total assets. ________________________________________________________________ d. Total liabilities. _____________________________________________________________ e. Retained earnings… ___________________________________________________________ f. Stockholders’ equity… _________________________________________________________ Q2. Compute the ratios requested in the chart below. For ratio formulas and explanation refer to Appendix B – Ratios. * Industry: Restaurants —Industry ratio averages from money.msn.com For each ratio, (a) compare the two years of ratios and circle the ratio indicating lower financial risk, (b) cross out any ratio indicating greater financial risk than the industry norm, and (c) comment on the results. Q3. Overall, the balance sheet and related ratios indic

Looking for a similar assignment? Get help from our qualified experts!

Order Now

Related Posts