Homework 1-Apollo Shoes
1. I need you to perform preliminary analytical procedures on the financial statements.
a. Calculate common-size financial statements and dollar amount and percent changes. I suggest you simply make a copy of your spreadsheet from your pro-forma financial statements that I asked you to prepare yesterday and remove the adjustment columns. Have there been any significant changes that we need to examine closer?
b. Calculate financial ratios. Assume the market value of the common stock is $24 million in both the current and prior years. Does anything jump out at you? In particular focus on:
i. Comparison in percentage growth in receivables to percentage growth in sales
ii. Comparison in percentage growth in inventories to percentage growth in sales
iii. Comparison in percentage growth in inventories to percentage growth in accounts payable
iv. Day sales in inventory
v. Day sales in accounts receivable
vi. What do you make of a firm’s stagnant stock price?
2. Write a brief memo (GA-4) highlighting what you believe are potential problem areas
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more