indicate whether the user would most likely find the information by looking at t
ID: 2354111 • Letter: I
Question
indicate whether the user would most likely find the information by looking at the Income Statement, the balance sheet, statement of retained earnings, statement of cash flows. (for ease use IS, BS, RE, SCF if you like) stockholder- how did this years sales compare to last years? banker- how much debt does the company already have on its books? Supplier- How much does the company currently owe to its suppliers? stockholder- how much did the company pay in dividends this past year? advertising account manager- how much did the company spend this past year to generate sales? banker- What collateral or security can the company provide to ensure that any loan i make will be repaid?Explanation / Answer
stockholder- how did this years sales compare to last years? IS (compare sales) banker- how much debt does the company already have on its books? BS (look at liabilities) Supplier- How much does the company currently owe to its suppliers? BS (look at accounts payable for suppliers) stockholder- how much did the company pay in dividends this past year? SCF (although dividends declared for the year on listed on the statement of retained earnings, the amount PAID will be listed on the statement of cash flows) advertising account manager- how much did the company spend this past year to generate sales? IS (See expenses) banker- What collateral or security can the company provide to ensure that any loan i make will be repaid? BS (See assets)
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