Question: Hello team - Please help in understanding below balance sheet. Is organizations performance over 8 years good or bad. Please tell pros and cons. Year1

Hello team - Please help in understanding below balance sheet. Is organizations performance over 8 years good or bad. Please tell pros and cons.

Year1

Year2

Year3

Year4

Year5

Year6

Year7

Year8

Cash

4,260

0

0

0

0

0

16,363

28,182

AR

9,303

7,586

5,373

13,958

12,810

16,456

19,145

12,811

Inventory

30,191

37,369

66,019

35,230

53,453

26,920

0

0

Total current assets

43,754

44,955

71,392

49,189

66,263

43,376

35,508

40,993

Plant & equipment

113,800

117,400

123,760

129,560

129,920

74,740

60,680

61,620

Accumulated depreciation

-45,520

-53,347

-61,597

-70,235

-78,896

-50,736

-45,648

-49,756

Total fixed assets

68,280

64,053

62,163

59,325

51,024

24,004

15,032

11,864

Total assets

112,034

109,008

133,554

108,514

117,287

67,380

50,540

52,857

AP

8,143

5,612

6,079

3,005

5,884

2,510

4,781

4,997

Current debt

10,000

19,707

46,107

28,689

47,670

22,770

0

0

Long debt

41,700

34,750

51,242

49,730

49,730

28,880

28,880

28,880

Total liabilities

59,843

60,069

103,429

81,424

103,284

54,159

33,661

33,877

Common stock

18,360

18,860

18,860

18,860

18,860

19,262

19,745

19,745

Retained earnings

33,831

30,079

11,266

8,230

-4,857

-6,042

-2,867

-766

Total equity

52,191

48,939

30,126

27,090

14,003

13,221

16,878

18,980

Total liability & equity

112,034

109,008

133,554

108,514

117,287

67,380

50,540

52,857

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!