Q1. Calculate the amounts that should be reported for (L) and (Z) on the 9/28/2008 balance sheet:

Question:

Q1. Calculate the amounts that should be reported for (L) and (Z) on the 9/28/2008 balance sheet: (L) = ___________ million (Z) = ___________ million
Q2. What was the beginning balance of the inventories account for the fiscal year ended on
10/02/2011? ___________ million 10/03/2010? ___________ million 9/27/2009? ___________ million
Q3. What amount of property, plant, and equipment was purchased (assuming no PPE was sold) during fiscal year ended 10/02/2011? ___________million 10/03/2010? ___________ million
Q4. From 9/28/2008 to 10/02/2011 (___________ / decreased), indicating (_________ / less) financial risk. This company paid off during fiscal years ended in (2011 / 2010 / ___________). As of 10/02/2011 this company owes ________ million to its suppliers.
Q5. Total Assets are (___________ / decreasing), indicating that this company is (___________ / shrinking).
Q6. What are total liabilities for the fiscal year ended on: 10/02/2011? ___________ million 9/28/2008? ___________ million
What is the debt ratio for the fiscal year ended on: 10/02/2011? ___________ 9/28/2008? ___________
Discuss the change in the company’s use of debt over this 4-year period.
Q7. From 9/28/2008 to 9/27/2009, Contributed Capital (___________ / decreased), indicating the company (___________ / purchased more assets / reported net income) during this accounting period.
Q8. Retained Earnings is (___________ / decreasing), indicating the company (issued more stock / purchased more assets / ___________________) during this accounting period. Assuming no dividends were issued, how much net income (loss) was reported for the fiscal year ended on: 10/02/2011? ___________ million 10/03/2010? ___________ million 9/27/2009? ___________ million The most profitable year was fiscal year ended (___________/ 2010 / 2009).
Q9. Develop a strategy to analyze the balance sheet. Which line would you look at first? Second? Third? Why?
Q10 Review the series of balance sheets. This company appears to report a (strong / weak) financial position. Why? Support your response with at least two observations.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...