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Review the financial statements for the companies and answer the following questions for the last reporting year. If no information is available, state that to be the case:
Balance Sheet
Income Statement
Financial Ratios
Compute the following ratios. Also, interpret and assess each group of ratios for the company. What type of story are the ratios telling the analyst?
What type of information do you find in footnotes to the financial statements?
Do you find the balance sheet, income statement or other measures such as ratios the most informative? Comment on the advantages and disadvantages of using ratios for analysis.
Verified Expert
Complete all of the steps of the accounting cycle.
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Determine Amos Seagull's gross income in each of the following cases:
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In its Statement of Net Assets, a government reported: Assets of $90 million, including $30 million in capital assets (net) and liabilities of $50 million, including long-term debt of $15 million, all related to capital asset acquisition.
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