PLEASE HELP! WILL RATE!!!! Please draw conclusions regarding the company from the balance sheet...

70.2K

Verified Solution

Question

Accounting

PLEASE HELP! WILL RATE!!!!

Please draw conclusions regarding the company from the balance sheet given.

image

image

2021 2020 2019 ASSETS Current Assets Cash Raw Materials Inventory Finished Goods Inventory $10,614,465 $0 $0 $7,717,624 $3,942,669 $0 S2,067,102 $0 S290,343 Total Current Assets $10,614,465 $8,007,967 S6,009,772 Non Current Assets Plant Less: Accumulated Depreciation 3,600,000 3,600,000 $4,000,000 $2,165,109 $2,005,677 $2,031,700 $1,968,300 $12,049,356 9,602,290 $7,978,072 Total Non Current Assets $1,434,891 $1,594,323 TOTAL ASSETS

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students