Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Chapter 1, Problem 9C
To determine

Write a brief report for your friend that provides two interesting and important pieces of information about Company CC from the major financial statements and management discussion and analysis report.

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Please help, we have this example out of our textbook tthat we have to do for preperation for our test next week. Due to online learning I don not understand the steps or formulas needed to complete this question You are an investment analyst at FI Investments tasked to value FBC firm a Southern Agricultural Conglomerate. The following financial information was recently released for FBC. The company’s 2015 and 2014 annual financial reports are contained in the tables below, along with important additional information:  FBC statement of financial position (R millions)   2015 2014 Cash and equivalents R149 R83 Accounts receivable 295 265 Inventory 275 285 Total current assets R719 R633       Total fixed assets 3 909 3 856       Accounts payable 228 220 Notes payable 0 0 Total current liabilities 228 220       Long term debt 1 800 1 650       Total liabilities and…
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