a colleague who is aware of your understanding of financial statements asks for help 536445
A colleague who is aware of your understanding of financial statements asks for help in analyzing the transactions and events of Zett Corporation. The following data are provided:
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ZETT CORPORATION Don't use plagiarized sources. Get Your Custom Essay on
a colleague who is aware of your understanding of financial statements asks for help 536445
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Balance Sheets December 31, Year 1 and Year 2 |
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Year 1 |
Year 2 |
|
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Cash |
$ 34,000 |
$ 34,500 |
|
Accounts receivable, net |
12,000 |
17,000 |
|
Inventory |
16,000 |
14,000 |
|
Investments (long term) |
6,000 |
— |
|
Fixed assets |
80,000 |
93,000 |
|
Accumulated depreciation |
(48,000) |
(39,000) |
|
Total assets |
$100,000 |
$119,500 |
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