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What are the company’s total assets at the end of its most recent annual reporting period
1. ACC 290 Week 4 Learning Team Financial Reporting
Problem, Part 1
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Week-4-Learning-Team-Financial-Reporting-Problem,-Part-1
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Financial Reporting Problem Part I
Luna Lighting, a retail firm, has experienced modest sales growth
over the past three years
but has had difficulty translating the expansion of sales into
improved profitability. Using
three years’ financial statements,
What are the company’s total assets at the end of its most recent
annual reporting period? Why is this important?
What are the total assets at the end of the previous annual reporting
period?
How much cash and cash equivalents did the company have at the
end of its most recent annual reporting period?
2. What amount of accounts payable did the company have at the end
of its most recent annual reporting period?
What amount of accounts payable did the company have at the end
of the previous annual reporting period?
What are the company’s net revenues for the last three annual
reporting periods?
What is the change in dollars in the company’s net income from its
most recent annual reporting period to the previous annual
reporting period?
What are the company’s total current assets at the end of its most
recent annual reporting period?
What are the total current assets at the end of the previous annual
reporting period?
What in the information above would be important to a potential
investor, employee, and so on?
Summarizethe analysis in a 1,050-1,400 word paper in a
Microsoft® Word document. Include a copy of the company’s
balance sheet and income statement. Format your paper consistent
with APA guidelines.