The 2011 and 2012 financial statements of Ken’s Sportswear

The 2011 and 2012 financial statements of Ken's Sportswear follow:

Balance Sheet 2012 2011 Assets S 7,000 9,000 15,000 50,000 S81,000 S 9,000 12,000 18,000 60,000 $99,000 Cash Accounts re


a. Compute all relevant ratios for 2012.
b. Prepare common-size financial statements.
c.
Evaluate the company's financial performance andconditions.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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