Nestles financial statements are presented in Appendix B. Zetar’s financial statements are presented in Appendix C.

Instructions
Refer to the financial statements and answer the following questions.
(a) Based on the information contained in these financial statements, determine the following for each company.
(1) Total assets at December 31, 2010, for Nestle, and for Zetar at April 30, 2011.
(2) Accounts (trade) receivable, net at December 31, 2010, for Nestle and at April 30, 2011, for Zetar.
(3) Net sales for year ended December 31, 2010, for Nestle and April 30, 2011, for Zetar.
(4) Net income (profi t) for year ended December 31, 2010, for Nestle and April 30, 2011, for Zetar.
(b) What percentage do receivables represent of total assets for the two companies? What percentage does net income represent of sales (revenue) for the two companies?