Prepare common size and trend statements from RONA's balance sheets for fiscal 2009 through 2011 and from its income statements for fiscal 2010 and 2011. Analyze the statements you prepared to identify any issues you think might require additional explanation. Explain why you identified these issues.
Answer to relevant QuestionsCompute and interpret the following ratios for RONA for fiscal years 2010 and 2011. Use these ratios to assess RONA's liquidity. Be sure to use the information provided from RONA's December 28, 2009 balance sheet.a. Current ...RONA's cash position is significantly lower at the end of fiscal 2011 than the year before. Explain the reason for the decrease. Is this something you are concerned about? Explain. Why is RONA's cash from operations so much ...Explain why net income isn't equal to cash from operations.Which should be more important to the management of an entity, cash flow or in come? Explain your answer.Why is the amount expensed for wages during a period usually not the same as the amount paid in wages during that period?
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