The financial statements for Bombardier Inc. for the year ended December 31, 2017, can be found on

Question:

The financial statements for Bombardier Inc. for the year ended December 31, 2017, can be found on the company’s website or from SEDAR (www.sedar.com).

Instructions

a. What form of presentation does the company use in preparing its balance sheet?

b. Calculate the ratios identified in Appendix 5A for both years that are presented in the financial statements. Make note of any ratios that cannot be reported and provide the reason why.

c. Comment on the company’s liquidity, solvency, activity, and profitability.

d. Review the cash flow patterns on the statements of cash flows. Comment on the basic sources of the company’s cash and where it is spent.

e. Perform a “vertical analysis” of the assets. (Calculate each asset as a percentage of total assets.) Comment on the results of your analysis. How have the assets changed from year to year?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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a The company has used a classified presentation which is consistent with IFRS which states that entities must use classified presentation unless liquidity presentation offers reliable and more releva...View the full answer

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Intermediate Accounting Volume 1

ISBN: 978-1119496496

12th Canadian edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Nov 27, 2019 08:15 AM

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The financial statements for Bombardier Inc. for the year ended December 31, 2017, can be found on

Question:

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a The company has used a classified presentation which is consistent with IFRS which states that entities must use classified presentation unless liquidity presentation offers reliable and more releva...View the full answer

Intermediate Accounting Volume 1

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