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Unit 1 Discussion Discussion TopicRespond to your Discussion topic after you have completed your Reading and the Learning Activity.Topic: Application of Financial Statement Analysis ToolsIn this Discussion you will analyze a company’s performance by using specific ratios to help companies and investors in making the proper business and/or investment decisions. When evaluating a company, ratios will provide important clues to underlying conditions.Scenario: Imagine you have passed your CPA exam and are now employed by a Fortune® 500 company. Your boss tells you that as part of your new responsibilities you are to create pertinent ratios from the comparative financial statements. Address the checklist items based on the ratios below:Pertinent Ratios:20192020Current ratio4.3:13.4:1Acid-test ratio1.2:13.0:1Asset turnover3.8 times4.2 timesNet incomeup 40%down 8%Earnings per share$5.30$4.50Checklist:Explain what tools you would use to analyze the following data, and why?Then discuss who would use this information.Which data illustrates the firm’s solvency?Which data relates to the firm’s going concern?Discuss the usefulness as well as limitations of the data.
Unit 1 Dis - Managerial Accounting

Unit 1 Dis - Managerial Accounting

Question # 00764971 Posted By: MrsDanielle2001 Updated on: 06/11/2020 05:52 PM Due on: 06/13/2020
Subject Accounting Topic Accounting Tutorials:
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I am needing some assistance with getting this disucssion question completed. Any assistance and putting me in the right direction is appreciated.

 

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  1. shortone
    Tutorial # 00765570 Posted By: shortone Posted on: 06/11/2020 07:11 PM
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