Kalomiris Construction, Inc. is a locally very important construction company listed on a regional stock exchange. Its main market is building single-family homes, either for individuals or for developers. At the end of year X2, it announces that the full year’s profit will, in all likelihood exceed that of year X1 by a third, but that the net value of orders for later delivery (orders received minus orders delivered ¼ order books or backlog) is down 40 percent. It also reports that its net cash has been depleted by 50 percent from what it was at the beginning of the year.
Required
What content of the financial statements of Kalomiris Construction for this year and the previous three years would the following parties be interested in and what actions might they take on the basis of these data and information?
=> Current stockholders,
=> Potential investors,
=> Creditors,
=> Customers having a contract with Kalomiris Construction,
=> Tax authorities,
=> Bankers,
=> Regional association of real estate developers,
=> National associations of suppliers of lumber and construction materials,
=> Regional government,
=> Industrial council (representing all employees of Kalomiris Construction).