As you can tell from the financial statements, 2014 was an especially busy year.
ID: 2360758 • Letter: A
Question
As you can tell from the financial statements, 2014 was an especially busy year. Tony and Suzie were able to use the $1.37 million received from the issuance of 98,000 shares of stock and hire a construction company for $1 million to build the cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their firstborn son, little Venture Matheson.
Calculate the following risk ratios for 2014.(Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.)
ncome statement and balance sheet data for Great Adventures, Inc., are provided below.Explanation / Answer
Most likely you can figure it out from income statement. For manufacturing companies, the income statement is usually like this: Net Sales XXX - Cost of Goods Sold XXX = Gross Profit XXX - Expenses XXX - Tax XXX = Net Income XXX
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