Financial Accounting

STELLA JANITORIAL SERVICE was started two years ago. Because business has been exceptionally good, the owner decided to expand operations by acquiring an additional truck and hiring two more assistants.

STELLA JANITORIAL SERVICE was started two years ago. Because business has been exceptionally good, the owner decided to expand operations by acquiring an additional truck and hiring two more assistants.

You are an accountant for MARTINS MANUFACTURING INC., a small family-owned public corporation. You have been asked by the vice president of finance to develop some key ratios from the financial statements of the previous two years. These ratios will be used by the company to convince creditors that MARTINS MANUFACTURING INC. is solvent and will continue as a going concern.

You are an accountant for MARTINS MANUFACTURING INC., a small family-owned public corporation. You have been asked by the vice president of finance to develop some key ratios from the financial statements of the previous two years. These ratios will be used by the company to convince creditors that MARTINS MANUFACTURING INC. is solvent and will continue as a going concern.

You are a recently hired controller at SWAN LAWN CARE, a lawn care business founded by the firm’s sole proprietor. The proprietor has hired you to formalize the company’s financial reporting as it begins discussions with possible lenders and prospective investors and partners. You have been asked to finalize the balance sheet and explain the financial statements for the month ending on July 31, 2018.

You are a recently hired controller at SWAN LAWN CARE, a lawn care business founded by the firm’s sole proprietor. The proprietor has hired you to formalize the company’s financial reporting as it begins discussions with possible lenders and prospective investors and partners. You have been asked to finalize the balance sheet and explain the financial statements for the month ending on July 31, 2018.