Financial Reporting Problem, Part 2

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

·         Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

·         How are the company’s assets classified?

·         What are cash equivalents?

·         What are the company’s total current liabilities at the end of its most recent annual reporting period?

·         What are the company’s total current liabilities at the end of the previous annual reporting period?

·         Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper and presentation consistent with APA guidelines.