Question: please answer the questions. CHOPPER CASE STUDY QUESTIONS 1. Assuming the role of the accounting firm hired to complete the second review, prepare a two-page
CHOPPER CASE STUDY QUESTIONS 1. Assuming the role of the accounting firm hired to complete the second review, prepare a two-page memorandum that analyses the financial condition of California Choppers and makes suggestions for improvement. The memo should be divided into sections describing liquidity, asset management, long-term debt paying ability, and profitability and recommendations. 2. Prepare the following financial exhibits for 2000 through 2005 (see Exhibits TN-1 to TN-5): a. Ration table incorporating only the ratios for which the industry averages are provided; b. Vertical analysis of income statements and balance sheets; c. Horizontal analysis (index numbers) of income statements and balance sheets; d. A five-part analysis of return no investment (ROE); and e. A cash flow statement 3. Also comment on the performance of Jane Heathcliff as CEO and her working relationship with Arlen Doakes. Should Jane keep her job or be fired? CHOPPER CASE STUDY QUESTIONS 1. Assuming the role of the accounting firm hired to complete the second review, prepare a two-page memorandum that analyses the financial condition of California Choppers and makes suggestions for improvement. The memo should be divided into sections describing liquidity, asset management, long-term debt paying ability, and profitability and recommendations. 2. Prepare the following financial exhibits for 2000 through 2005 (see Exhibits TN-1 to TN-5): a. Ration table incorporating only the ratios for which the industry averages are provided; b. Vertical analysis of income statements and balance sheets; c. Horizontal analysis (index numbers) of income statements and balance sheets; d. A five-part analysis of return no investment (ROE); and e. A cash flow statement 3. Also comment on the performance of Jane Heathcliff as CEO and her working relationship with Arlen Doakes. Should Jane keep her job or be fired
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