Question: Open in Desktop App V Search Question 3 (25 marks) Unit 10 - Financial Statement Analysis Following is a comparative balance sheet for Summer Days

 Open in Desktop App V Search Question 3 (25 marks) Unit

Open in Desktop App V Search Question 3 (25 marks) Unit 10 - Financial Statement Analysis Following is a comparative balance sheet for Summer Days Corporation: Summer Days Corporation Comparative Balance Sheet December 31, 2019 and 2018 20192018 Current assets Cash$ 140,000$ 90,000 Short-term investments 90,00080,000 Accounts receivable, net350,000220,000 Inventory 500,000430,000 Prepaid expenses 30.00030.000 Total current assets51, 110,000$ 850,000 Property, plant, and equipment, net750,000500,000 Other assets 280.000300.000 Total assets $2.140.00051 650.000 Current liabilities Short-term notes pavable5650,0005670,000 Accounts payable200.000225.000 Total current liabilities 5850.0005895.000 Non-current debt350.000220.000 Type here to search o e Open in Desktop App V Search Question 3 (25 marks) Unit 10 - Financial Statement Analysis Following is a comparative balance sheet for Summer Days Corporation: Summer Days Corporation Comparative Balance Sheet December 31, 2019 and 2018 20192018 Current assets Cash$ 140,000$ 90,000 Short-term investments 90,00080,000 Accounts receivable, net350,000220,000 Inventory 500,000430,000 Prepaid expenses 30.00030.000 Total current assets51, 110,000$ 850,000 Property, plant, and equipment, net750,000500,000 Other assets 280.000300.000 Total assets $2.140.00051 650.000 Current liabilities Short-term notes pavable5650,0005670,000 Accounts payable200.000225.000 Total current liabilities 5850.0005895.000 Non-current debt350.000220.000 Type here to search o e

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