Using, Exhibit 13-12, the balance sheet of Angelina’s Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business.
Answer to relevant QuestionsWrite a memo analyzing the financial strengths and weaknesses of Angelina’s venture. Use the same size analysis shown below. Would you invest in her business? Why, or why not? 1. Why did switching the cows’ feed entirely to grass improve Holterholm Farms’ cash flow? 2. How could adding beef, eggs, and produce be beneficial from a cash flow perspective? 3. Search for Community Supported ...Calculate working capital for Angelina’s company. Describe how her level of working capital might affect her business decisions. Calculate the annual amount of interest (assuming no principal repayment) for each of the following: Which legal structure will you choose for your business? Sole proprietorship ____ Parthership ______ Limited partnership ______ C corporation _____ Subchapter S corporation ______ Limited liability corporation (LLC) ...
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