2 3 4 5 6 7 8 9 10 11 12 13 14 15 The following...

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2 3 4 5 6 7 8 9 10 11 12 13 14 15 The following are the balance sheets for Tia's Trampolines: Tia's Trampolines Inc. Comparative Balance Sheet Information As of November 30, 2023 (millions of $) Cash Accounts receivable (net) Inventory Plant and equipment (net) Total assets 16 17 Accounts payable 18 Long-term notes payable 19 Common shares 20 Retained earnings 21 Total liabilities and shareholders; equity 22 23 2023 217 292 485 1,358 2,352 72 977 1034 269 2,352 2022 605 329 300 1,650 2,884 148 1,297 1034 405 2,884 Required: 1. Perform comparative analysis between the balance sheets from 2023 and 2022. (8 marks). Round percetages to two decimals (e.g. xx.xx%) Cash Accounts receivable (net) Inventory Tia's Trampolines Inc. Comparative Balance Sheet Information As of November 30, 2023 (millions of $) Plant and equipment (net) Total assets Accounts payable Long-term notes payable Common shares Retained earnings Total liabilities and shareholders; equity Item Reason: Change Dollars -388 -37 185 -292 -532 -76 -320 0 -136 -532 Percent -64.13% -11.25% 61.67% -17.70% -18.45% 2. Which individual item on the balance sheet should Tia be most concerned about and why? Ignore all the totals. (2 marks) -51.35% -24.67% 0.00% -33.58% -18.45% 2 3 4 5 6 7 8 9 10 11 12 13 14 15 The following are the balance sheets for Tia's Trampolines: Tia's Trampolines Inc. Comparative Balance Sheet Information As of November 30, 2023 (millions of $) Cash Accounts receivable (net) Inventory Plant and equipment (net) Total assets 16 17 Accounts payable 18 Long-term notes payable 19 Common shares 20 Retained earnings 21 Total liabilities and shareholders; equity 22 23 2023 217 292 485 1,358 2,352 72 977 1034 269 2,352 2022 605 329 300 1,650 2,884 148 1,297 1034 405 2,884 Required: 1. Perform comparative analysis between the balance sheets from 2023 and 2022. (8 marks). Round percetages to two decimals (e.g. xx.xx%) Cash Accounts receivable (net) Inventory Tia's Trampolines Inc. Comparative Balance Sheet Information As of November 30, 2023 (millions of $) Plant and equipment (net) Total assets Accounts payable Long-term notes payable Common shares Retained earnings Total liabilities and shareholders; equity Item Reason: Change Dollars -388 -37 185 -292 -532 -76 -320 0 -136 -532 Percent -64.13% -11.25% 61.67% -17.70% -18.45% 2. Which individual item on the balance sheet should Tia be most concerned about and why? Ignore all the totals. (2 marks) -51.35% -24.67% 0.00% -33.58% -18.45%

Answer rating: 100% (QA)

1 Cash Change The company experienced a substantial decrease in cash from 605 million in 2022 to 217 million in 2023 reflecting a decline of 388 million Percentage Change The percentage decrease is 64... View the full answer