This one is for a small cleaning company
Extract whatever info you can and answer these questions as completely as possible.
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Review the Balance Sheet and Income Statement (they may have slightly different titles in the report…that’s okay). Provide the following information related to the most current year of data provided in the report:
2. From the Balance Sheet provide – a)Total Assets, b) Total Liabilities, and c)Total Stockholders Equity. (Make sure your numbers prove the accounting equation of Assets = Liabilities + Equity).
3. From the Income Statement – d)Total Sales or Revenue, e) Cost of Sales or Cost of Goods Sold, f) Income Before Income Taxes g) Net Income(Loss).
4. Provide the Current Ratio, the Debt to Assets ratio, Earnings per Share (EPS), and Return on Assets. The formulas for these ratios are found in the textbook on page 4-34, Illustration 4B.1. Note that the face of the Income Statement provides the EPS, so you should not have to calculate this item.
5. Is this company financially healthy? Why or why not? Substantiate your findings with the financial information you found from the data above. Be thoughtful but concise in your response.
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