balance sheet

Project Description:

1. produce a balance sheet for a company that distinguishes between current and noncurrent assets and liabilities.
2. create a balance sheet from a trial balance.
3. create a comparison of net income based on different methods of inventory accounting.
4. analyze a statement of cash flows and show where each line item can be found or
calculated from the other financial statements.
5. prepare a full analysis of key financial ratios for a company and state conclusions about
the financial strength of the company compared to industry ratios.

title: creating a balance sheet and
evaluating inventory
you will be provided with financial
information about a fictional company.
you will have to determine what
information is relevant for project parts 1
and 2.
task 1: create a balance sheet from a
trial balance for a given scenario. make
sure you classify the accounts
appropriately as current or non-current. must use provided trial balance sheet

task 2: perform inventory valuations
using lifo, fifo, and weighted average
methods based on the following
information. explain the impact of each
method on the cost of goods sold and
ending inventory.
the company imports microwaves from a
supplier in china for the us market. at
the end of the first quarter, 100
microwaves are in stock. the company
purchased a total of 400 microwaves
during the quarter at various prices:
january: 100 units @ $75
february: 250 units @ $83
march: 50 units @ $87
the company had no inventory at the
beginning of the quarter.

task 3: if the company’s goal is to
maximize net income, which evaluation
method will you use and why?

must use provided sample sheets
Skills Required:
Project Stats:

Price Type: Negotiable

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