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##### BUS 591 Week 1 Homework Assignment Solution

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BUS591 ? Financial Statement and Analysis;Week 1 Homework Assignment Templates;Instructions: Only enter data in the yellow boxes. The remaining areas are already completedfor you.;Submit to the assignment box before the due date. (Late assignments will receive a latepenalty).;Grading Rubric: There are a total of 68 ?questions? for you to answer (as determined by theyellow box). Each item is worth 0.06 points for a total of 4.00 points.;P1-3B, Prepare an income statement, retained earnings statement, and balance sheet,discuss results.;Instructions;(a) Prepare an income statement and a retained earnings statement for the month of May anda balance sheet at May 31, 2014.;SHAW?S GARDEN;(b) Briefly discuss whether the company?s first month of operations was a success.Enter text answer here.;(c) Discuss the company?s decision to distribute a dividend.Enter text answer here.;P1-4B, Determine items to be included in a statement of cash flows, prepare a cash flowstatement and discuss the results.;Instructions;(a) Determine which items should be included in a statement of cash flows and then preparethe statement for Preacher Corporation.;PREACHER CORPORATION;Statement of Cash Flows;For the Year Ended December 31, 2014;Cash flows from operating activities;Activity;Amount;Activity;Amount;Net cash provided by operating activities;Cash flows from investing activities;Activity;Amount;Activity;Amount;Net cash used by investing activities;Cash flows from financing activities;Activity;Amount;Activity;Amount;Net cash provided by financing activities;Net increase in cash;(b) Comment on the adequacy of net cash provided by operating activities to fund thecompany?s investing activities and dividend payments.;Enter text answer here.;(Continued);Amount;Amount;Amount;Amount;P2-7B, Compute values and ratios for the following, discuss results.;Instructions;(a) For each company, compute these values and ratios;be sure to show your computations!;Working Capital;Current ratio (round to;two decimal places);Debt to total assets ratio;Free cash flow;Earnings per share;(b) Compare the liquidity, profitability and solvency of the two companies.Enter text answer here.

Paper#35257 | Written in 18-Jul-2015

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