Athena Riding Club s financial statements follow
Athena Riding Club’s financial statements follow.




Required
1. Explain how Athena Riding Club’s four statements relate to each other.
2. Which statements are most closely associated with the goals of liquidity and profitability? Why?
3. If you were the owner of this business, how would you evaluate the company’s performance? Give specific examples.
4. If you were a banker considering Athena Riding Club for a loan, why might you want the company to be audited by an independent CPA? What would the audit tellyou?
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