Please confirm and advise when I can get the answer as due tomorrow evening See attached for the question I will copy and paste since your upload function doesn't seem to be working Scenario The Superintendent of Private Career Colleges has asked the Quality and Partnerships Unit to assess the current financial situation of a small subgroup of private career colleges There are concerns that this subgroup, consisting of three specialized Tractor Trailer Driver Licensing private career colleges, is not currently healthy and may be putting students at risk should any of the colleges suddenly close Requirement Using the information provided below, provides analysis of the financial health of each of the three schools, as well as the overall financial health of the subgroup Demonstrate appropriate use of financial indicators and ratios, clearly showing why each is important and what it shows Describe the methods and process you used to undertake your analysis Provide your conclusion on the health of the sector and each institution and, Provide your recommendation to the Superintendent of Private Career Colleges College A Organization Details PCC ID Fiscal Year end Balance Sheet 2020 2019 Assets Cash and Cash Equivalents 32,124 75,683 Accounts Receivable 150,769 108,577 Inventory Prepaid Expense 4,564 4,464 Due to Related Parties Total Current Assets 187,457 188,724 Long Term Assets Due from Related Parties Due from Shareholders Property, Plant and Equipment 539,018 554,531 Goodwill 4,594 4,594 Franchisee Fees Future Income Taxes 14,853 15,911 Other Long Term Assets 134,660 126,852 Total Long Term Assets 693,125 701,888 Total Assets 880,582 890,612 Liabilities Bank Indebtedness Accounts Payable and Accrued Liabilities 55,253 68,469 Deferred Revenue 113,518 52,370 Due to Related Parties Income Taxes Payable 9,567 8,275 Current Portion of Loan Payable 21,678 62,839 Government Remittances Payable Advances from Shareholders Other Current Liabilities 7,735 8,115 Total Current Liabilities 207,751 200,068 Long Term Liabilities Loan Payable 79,046 79,046 Due to Associated Companies Future Income Taxes Due to Related Parties 53,787 84,366 Due to Shareholders 19,482 Capital Lease Total Long Term Liabilities 152,315 163,412 Total Liabilities 360,066 363,480 Shareholders' Equity (Deficiency) Share Capital 100 100 Retained Earnings (Deficit) 520,416 527,032 Total Shareholders' Equity 520,516 527,132 Total Shareholders' Equity Liabilities 880,582 890,612 A 31 Dec 20 Income Statement 2020 2019 Revenue Vocational Revenue 667,571 1,066,097 Non vocational Revenue 72,720 37,129 Other Revenue 86,408 85,293 Total Revenue 826,699 1,188,519 Expenses Salaries and Benefits Advertising and Promotion 18,503 44,845 Insurance 59,631 55,567 Rent and Occupancy Costs 49,692 51,504 Equipment Rentals Repairs and Maintenance 8,924 12,956 Auto and Travel 76,646 121,608 Meals and Entertainment Telephone, Internet Utilities 15,336 11,820 Bank Charges and Interest 6,084 6,216 Management Fees and Benefits Contract Instructors 440,502 546,017 Commission Bad Debts 39,772 1,560 Supplies 2,707 1,274 Office and General Expenses 10,069 8,273 Amortization 25,483 21,299 Training 13,053 18,861 Professional Fees 16,380 15,564 Other Expenses 46,867 44,430 Total Expenses 829,649 961,794 Net Operating Income (Loss) 2,950 226,725 Other Gain (Loss) Net Income (Loss) Before Taxes 2,950 226,725 Current Income Tax 2,608 8,275 Future Income Taxes 1,058 23,953 Income Taxes (Recovered) 3,666 32,228 Net Income (Loss) 6,616 194,497 Statement of Retained Earnings 2020 2019 Retained Earnings (Deficit), Beginning of Year 527,032 332,535 Net Income (Loss) 6,616 194,497 Other Retained Earnings Retained Earnings (Deficit), End of Year 520,416 527,032 College B Organization Details PCC ID Fiscal Year end Balance Sheet 2020 2019 Assets Cash and Cash Equivalents 8,703 9,221 Accounts Receivable 10,500 6,900 Inventory Prepaid Expense Due to Related Parties 5,366 Total Current Assets 19,203 21,487 Long Term Assets Due from Related Parties Due from Shareholders Property, Plant and Equipment Goodwill Franchisee Fees Future Income Taxes Other Long Term Assets Total Long Term Assets Total Assets 19,203 21,487 Liabilities Bank Indebtedness Accounts Payable and Accrued Liabilities 5,000 4,999 Deferred Revenue 6,750 2,500 Due to Related Parties Income Taxes Payable Current Portion of Loan Payable Government Remittances Payable 5,097 5,255 Advances from Shareholders Other Current Liabilities Total Current Liabilities 16,847 12,754 Long Term Liabilities Loan Payable Due to Associated Companies 29,999 29,999 Future Income Taxes Due to Related Parties 15,795 10,145 Due to Shareholders Capital Lease Total Long Term Liabilities 45,794 40,144 Total Liabilities 62,641 52,898 Shareholders' Equity (Deficiency) Share Capital 101 101 Retained Earnings (Deficit) 43,539 31,512 Total Shareholders' Equity 43,438 31,411 Total Shareholders' Equity and Liabilities 19,203 21,487 B 31 Dec 20 Income Statement 2020 2019 Revenue Vocational Revenue 121,096 151,574 Non vocational Revenue Other Revenue Total Revenue 121,096 151,574 Expenses Salaries and Benefits 49,576 55,827 Advertising and Promotion Insurance Rent and Occupancy Costs 75,000 109,425 Equipment Rentals Repairs and Maintenance Auto and Travel Meals and Entertainment Telephone, Internet Utilities Bank Charges and Interest 574 108 Management Fees and Benefits Contract Instructors Commission Bad Debts 1,000 Supplies Office and General Expenses 1,973 500 Amortization Training Professional Fees 5,000 7,500 Other Expenses Total Expenses 133,123 173,360 Net Operating Income (Loss) 12,027 21,786 Other Gain (Loss) 26 Net Income (Loss) Before Taxes 12,027 21,760 Current Income Tax Future Income Taxes 5,366 Income Taxes (Recovered) 5,366 Net Income (Loss) 12,027 16,394 Statement of Retained Earnings 2020 2019 Retained Earnings (Deficit), Beginning of Year 31,512 15,118 Net Income (Loss) 12,027 16,394 Other Retained Earnings Retained Earnings (Deficit), End of Year 43,539 31,512 College C Organization Details PCC ID Fiscal Year end Balance Sheet 2020 2019 Assets Cash and Cash Equivalents 14,100 2,709 Accounts Receivable 848 Inventory Prepaid Expense 4,583 5,353 Harmonized sales tax recoverable 2,237 Total Current Assets 19,531 10,299 Long Term Assets Due from Related Parties Due from Shareholders Property, Plant and Equipment 65,392 44,081 Goodwill Franchisee Fees Future Income Taxes Other Long Term Assets 19,000 19,000 Total Long Term Assets 84,392 63,081 Total Assets 103,923 73,380 Liabilities Bank Indebtedness Accounts Payable and Accrued Liabilities 14,101 12,395 Deferred Revenue 22,729 9,377 Due to Related Parties Income Taxes Payable Current Portion of Loan Payable 20,096 13,167 Government Remittances Payable Advances from Shareholders 21,195 16,000 Other Current Liabilities 7,908 598 Total Current Liabilities 86,029 51,537 Long Term Liabilities Loan Payable 44,321 33,684 Due to Associated Companies Future Income Taxes Due to Related Parties Due to Shareholders Capital Lease Total Long Term Liabilities 44,321 33,684 Total Liabilities 130,350 85,221 Shareholders' Equity (Deficiency) Share Capital 100 100 Retained Earnings (Deficit) 26,527 11,941 Total Shareholders' Equity 26,427 11,841 Total Shareholders' Equity and Liabilities 103,923 73,380 C 31 Dec 20 Income Statement 2020 2019 Revenue Vocational Revenue 235,768 129,871 Non vocational Revenue 92,846 69,904 Other Revenue 2,988 Total Revenue 331,602 199,775 Expenses Salaries and Benefits 138,527 67,311 Advertising and Promotion 14,208 11,949 Insurance 14,279 10,157 Rent and Occupancy Costs 25,502 8,299 Equipment Rentals 1,092 Repairs and Maintenance 39,435 10,237 Auto and Travel 27,121 19,581 Meals and Entertainment 1,181 1,746 Telephone, Internet Utilities 7,143 3,829 Bank Charges and Interest 13,271 7,579 Management Fees and Benefits 5,044 5,866 Contract Instructors 180 Commission Bad Debts 839 Supplies 1,320 5,753 Office and General Expenses 12,624 3,360 Amortization 18,888 21,285 Training 12,130 5,948 Professional Fees 14,626 13,613 Other Expenses Total Expenses 345,479 198,444 Net Operating Income (Loss) 13,877 1,331 Other Gain (Loss) 709 874 Net Income (Loss) Before Taxes 14,586 2,205 Current Income Tax Future Income Taxes Income Taxes (Recovered) Net Income (Loss) 14,586 2,205 Statement of Retained Earnings 2020 2019 Retained Earnings (Deficit), Beginning of Year 11,941 14,146 Net Income (Loss) 14,586 2,205 Dividends paid Retained Earnings (Deficit), End of Year 26,527 11,941

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Question: Please confirm and advise when I can get the answer as due tomorrow evening. See attached for the question. I will copy and paste since

Please confirm and advise when I can get the answer as due tomorrow evening. See attached for the question. I will copy and paste since your upload function doesn't seem to be working.

Scenario

The Superintendent of Private Career Colleges has asked the Quality and Partnerships Unit to assess the current financial situation of a small subgroup of private career colleges. There are concerns that this subgroup, consisting of three specialized Tractor-Trailer/ Driver Licensing private career colleges, is not currently healthy and may be putting students at risk should any of the colleges suddenly close.

Requirement

Using the information provided below, provides analysis of the financial health of each of the three schools, as well as the overall financial health of the subgroup.

- Demonstrate appropriate use of financial indicators and ratios, clearly showing why each is important and what it shows;

- Describe the methods and process you used to undertake your analysis;

- Provide your conclusion on the health of the sector and each institution; and,

- Provide your recommendation to the Superintendent of Private Career Colleges.

College A - Organization Details

PCC ID
Fiscal Year-end

Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	32,124	75,683
Accounts Receivable	150,769	108,577
Inventory	-	-
Prepaid Expense	4,564	4,464
Due to Related Parties	-	-
Total Current Assets	187,457	188,724

Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	539,018	554,531
Goodwill	4,594	4,594
Franchisee Fees	-	-
Future Income Taxes	14,853	15,911
Other Long-Term Assets	134,660	126,852
Total Long-Term Assets	693,125	701,888

Total Assets	880,582	890,612

Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	55,253	68,469
Deferred Revenue	113,518	52,370
Due to Related Parties	-	-
Income Taxes Payable	9,567	8,275
Current Portion of Loan Payable	21,678	62,839
Government Remittances Payable	-	-
Advances from Shareholders	-	-
Other Current Liabilities	7,735	8,115
Total Current Liabilities	207,751	200,068

Long-Term Liabilities
Loan Payable	79,046	79,046
Due to Associated Companies	-	-
Future Income Taxes	-	-
Due to Related Parties	53,787	84,366
Due to Shareholders	19,482	-
Capital Lease	-	-
Total Long-Term Liabilities	152,315	163,412

Total Liabilities	360,066	363,480

Shareholders' Equity (Deficiency)
Share Capital	100	100
Retained Earnings (Deficit)	520,416	527,032
Total Shareholders' Equity	520,516	527,132
Total Shareholders' Equity & Liabilities	880,582	890,612

31-Dec-20

Income Statement
	2020	2019
Revenue
Vocational Revenue	667,571	1,066,097
Non-vocational Revenue	72,720	37,129
Other Revenue	86,408	85,293
Total Revenue	826,699	1,188,519

Expenses
Salaries and Benefits	-	-
Advertising and Promotion	18,503	44,845
Insurance	59,631	55,567
Rent and Occupancy Costs	49,692	51,504
Equipment Rentals	-	-
Repairs and Maintenance	8,924	12,956
Auto and Travel	76,646	121,608
Meals and Entertainment	-	-
Telephone, Internet & Utilities	15,336	11,820
Bank Charges and Interest	6,084	6,216
Management Fees and Benefits	-	-
Contract Instructors	440,502	546,017
Commission	-	-
Bad Debts	39,772	1,560
Supplies	2,707	1,274
Office and General Expenses	10,069	8,273
Amortization	25,483	21,299
Training	13,053	18,861
Professional Fees	16,380	15,564
Other Expenses	46,867	44,430
Total Expenses	829,649	961,794
Net Operating Income (Loss)	- 2,950	226,725
Other Gain (Loss)	-	-
Net Income (Loss) Before Taxes	- 2,950	226,725
Current Income Tax	2,608	8,275
Future Income Taxes	1,058	23,953
Income Taxes (Recovered)	3,666	32,228
Net Income (Loss)	- 6,616	194,497

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 527,032 332,535

Net Income (Loss): 6,616 194,497

Other Retained Earnings: - -

Retained Earnings (Deficit), End of Year: 520,416 527,032

College B - Organization Details

PCC ID

Fiscal Year-end

Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	8,703	9,221
Accounts Receivable	10,500	6,900
Inventory	-	-
Prepaid Expense	-	-
Due to Related Parties	-	5,366
Total Current Assets	19,203	21,487

Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	-	-
Goodwill	-	-
Franchisee Fees	-	-
Future Income Taxes	-	-
Other Long-Term Assets	-	-
Total Long-Term Assets	-	-

Total Assets	19,203	21,487

Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	5,000	4,999
Deferred Revenue	6,750	2,500
Due to Related Parties	-	-
Income Taxes Payable	-	-
Current Portion of Loan Payable	-	-
Government Remittances Payable	5,097	5,255
Advances from Shareholders	-	-
Other Current Liabilities	-	-
Total Current Liabilities	16,847	12,754

Long-Term Liabilities
Loan Payable	-	-
Due to Associated Companies	29,999	29,999
Future Income Taxes	-	-
Due to Related Parties	15,795	10,145
Due to Shareholders	-	-
Capital Lease	-	-
Total Long-Term Liabilities	45,794	40,144

Total Liabilities	62,641	52,898

Shareholders' Equity (Deficiency)
Share Capital	101	101
Retained Earnings (Deficit)	- 43,539	- 31,512
Total Shareholders' Equity	- 43,438	- 31,411
Total Shareholders' Equity and Liabilities	19,203	21,487

B
31-Dec-20
Income Statement
	2020	2019
Revenue
Vocational Revenue	121,096	151,574
Non-vocational Revenue	-	-
Other Revenue	-	-
Total Revenue	121,096	151,574

Expenses
Salaries and Benefits	49,576	55,827
Advertising and Promotion	-	-
Insurance	-	-
Rent and Occupancy Costs	75,000	109,425
Equipment Rentals	-	-
Repairs and Maintenance	-	-
Auto and Travel	-	-
Meals and Entertainment	-	-
Telephone, Internet & Utilities	-	-
Bank Charges and Interest	574	108
Management Fees and Benefits	-	-
Contract Instructors	-	-
Commission	-	-
Bad Debts	1,000	-
Supplies	-	-
Office and General Expenses	1,973	500
Amortization	-	-
Training	-	-
Professional Fees	5,000	7,500
Other Expenses	-	-
Total Expenses	133,123	173,360
Net Operating Income (Loss)	- 12,027	- 21,786
Other Gain (Loss)	-	26
Net Income (Loss) Before Taxes	- 12,027	- 21,760
Current Income Tax	-	-
Future Income Taxes	-	- 5,366
Income Taxes (Recovered)	-	- 5,366
Net Income (Loss)	- 12,027	- 16,394

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 31,512 15,118

Net Income (Loss): 12,027 16,394

Other Retained Earnings: - -

Retained Earnings (Deficit), End of Year: 43,539 31,512

College C - Organization Details

PCC ID
Fiscal Year-end
Balance Sheet
	2020	2019
Assets
Cash and Cash Equivalents	14,100	2,709
Accounts Receivable	848	-
Inventory	-	-
Prepaid Expense	4,583	5,353
Harmonized sales tax recoverable	-	2,237
Total Current Assets	19,531	10,299

Long-Term Assets
Due from Related Parties	-	-
Due from Shareholders	-	-
Property, Plant and Equipment	65,392	44,081
Goodwill	-	-
Franchisee Fees	-	-
Future Income Taxes	-	-
Other Long-Term Assets	19,000	19,000
Total Long-Term Assets	84,392	63,081

Total Assets	103,923	73,380

Liabilities
Bank Indebtedness	-	-
Accounts Payable and Accrued Liabilities	14,101	12,395
Deferred Revenue	22,729	9,377
Due to Related Parties	-	-
Income Taxes Payable	-	-
Current Portion of Loan Payable	20,096	13,167
Government Remittances Payable	-	-
Advances from Shareholders	21,195	16,000
Other Current Liabilities	7,908	598
Total Current Liabilities	86,029	51,537

Long-Term Liabilities
Loan Payable	44,321	33,684
Due to Associated Companies	-	-
Future Income Taxes	-	-
Due to Related Parties	-	-
Due to Shareholders	-	-
Capital Lease	-	-
Total Long-Term Liabilities	44,321	33,684

Total Liabilities	130,350	85,221

Shareholders' Equity (Deficiency)
Share Capital	100	100
Retained Earnings (Deficit)	- 26,527	- 11,941
Total Shareholders' Equity	- 26,427	- 11,841
Total Shareholders' Equity and Liabilities	103,923	73,380

C
31-Dec-20
Income Statement
	2020	2019
Revenue
Vocational Revenue	235,768	129,871
Non-vocational Revenue	92,846	69,904
Other Revenue	2,988	-
Total Revenue	331,602	199,775

Expenses
Salaries and Benefits	138,527	67,311

Advertising and Promotion	14,208	11,949
Insurance	14,279	10,157
Rent and Occupancy Costs	25,502	8,299
Equipment Rentals	-	1,092
Repairs and Maintenance	39,435	10,237
Auto and Travel	27,121	19,581
Meals and Entertainment	1,181	1,746
Telephone, Internet & Utilities	7,143	3,829
Bank Charges and Interest	13,271	7,579
Management Fees and Benefits	5,044	5,866
Contract Instructors	180	-
Commission	-	-
Bad Debts	-	839
Supplies	1,320	5,753
Office and General Expenses	12,624	3,360
Amortization	18,888	21,285
Training	12,130	5,948
Professional Fees	14,626	13,613
Other Expenses	-	-
Total Expenses	345,479	198,444
Net Operating Income (Loss)	- 13,877	1,331
Other Gain (Loss)	- 709	874
Net Income (Loss) Before Taxes	- 14,586	2,205
Current Income Tax	-	-
Future Income Taxes	-	-
Income Taxes (Recovered)	-	-
Net Income (Loss)	- 14,586	2,205

Statement of Retained Earnings

2020 2019

Retained Earnings (Deficit), Beginning of Year 11,941 14,146

Net Income (Loss): 14,586 2,205

Dividends paid - -

Retained Earnings (Deficit), End of Year: 26,527 11,941

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