Analyze the short term liquidity of the firm Jamba Inc. for 2013 As Reported Ann

Question

Analyze the short term liquidity of the firm Jamba Inc. for 2013

As Reported Annual Balance Sheet Report Date 12/31/2013 01/01/2013 01/03/2012 12/28/2010 12/29/2009 Currency USD USD USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Yes Yes Cash & cash equivalents 32386000 31486000 19607000 29024000 28757000 Restricted cash - 205000 1352000 1620000 - Restricted cash & investments - - - - 1324000 Receivables, gross 14401000 11430000 13334000 6577000 10065000 Less: allowance for doubtful accounts 291000 103000 294000 200000 116000 Receivables, net 14110000 11327000 13040000 6377000 9949000 Inventories 2670000 3143000 2228000 2486000 3732000 Prepaid & refundable income taxes 483000 655000 574000 539000 491000 Prepaid rent 307000 3080000 2761000 508000 486000 Assets held for sale - - - 3877000 - Prepaid expenses & other current assets 6727000 1681000 1509000 1604000 3684000 Total current assets 56683000 51577000 41071000 46035000 48423000 Leasehold improvements 49532000 50358000 49703000 47848000 56428000 Furniture, fixtures & equipment 57529000 57457000 55199000 51407000 66575000 Construction in progress (primarily stores under construction) 164000 79000 77000 120000 101000 Property, fixtures & equipment, gross 107225000 107895000 104979000 99375000 123104000 Less accumulated depreciation & amortization 69740000 69452000 60219000 50160000 52838000 Property, fixtures & equipment, net 37485000 38442000 44760000 49215000 70266000 Goodwill 1233000 1336000 - - - Trademarks & other intangible assets, net 1317000 1412000 1130000 1341000 1850000 Restricted cash - - - 205000 1399000 Deferred income taxes - - - 40000 998000 Note receivable from franchisee - - - 1625000 1100000 Notes receivable 300000 - - - - Deposits - - 848000 951000 962000 Investment in JJC Hawaii, LLC - - 470000 548000 562000 Other long-term assets - - 15000 94000 258000 Deposits & other long-term assets 898000 846000 - - - Total other long-term assets 1198000 846000 1332000 3218000 2882000 Total assets 97916000 93613000 88293000 100054000 125818000 Accounts payable 5086000 8206000 4155000 6851000 7405000 Accrued compensation & benefits 5538000 7566000 6566000 6161000 7089000 Workers' compensation & health insurance reserves 1046000 1087000 1092000 1140000 1096000 Accrued jambacard liability 37121000 33634000 33256000 29756000 38255000 Current portion of capital lease obligations - - - - 240000 Other accrued expenses - - - 12622000 10270000 Other current liabilities 13082000 9728000 9961000 - - Total current liabilities 61873000 60221000 55030000 56530000 64355000 Long-term capital lease obligations - - - - 5000 Long-term workers' compensation & health insurance reserves - - - 166000 1158000 Deferred rent & other long-term liabilities - - - - 14695000 Deferred rent 4033000 5610000 6155000 6072000 - Deferred revenue 2598000 2292000 3078000 3101000 - Construction allowance 1359000 2382000 2974000 3515000 - Contingent consideration 553000 894000 - - - Other liabilities 658000 702000 872000 2728000 - Deferred rent & other long-term liabilities 9201000 11880000 13079000 15416000 - Total liabilities 71074000 72101000 68109000 72112000 80213000 Series B redeemable preferred stock - 7916000 17880000 20554000 31069000 Common stock 17000 78000 68000 64000 53000 Additional paid-in capital 391234000 380007000 369027000 365817000 356320000 Retained earnings (accumulated deficit) -3.64E+08 -3.66E+08 -366791000 -3.58E+08 -341837000 Total stockholders' equity 26842000 13596000 2304000 7388000 14536000

Explanation / Answer

short term liquidity of jamba inc is in very good shape . as shown in increase 90000us$. where as current ratio is also healthy with receiavable are not incrased and tax liablity also decreased which shows that profitablity % is high for fater tax profits.

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