Drew Carey Corporation reported the following amounts in 2009, 2010, and 2011. Instructions (a) Identify and describe

Question:

Drew Carey Corporation reported the following amounts in 2009, 2010, and 2011.

2011 2009 2010 Current assets Current liabilities Total assets $200,000 $168,000 $600,000 $184,000 $500,000 $620,000

Instructions

(a) Identify and describe the three tools of financial statement analysis.

(b) Perform each of the three types of analysis on Drew Carey’s current assets.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...