Identify total current assets and total current liabilities

Assignment Help Financial Accounting

Reference no: EM13864288

Using the Consolidated Balance Sheet (Statement of Financial Position) for Reliance Industries Limited, answer the following questions

1. Identify the total current assets and the total current liabilities of your company and calculate the current ratio for the most current two year ends.

2. What does this tell you about the company?

3. The audited Balance Sheet will have only two years of data. Post the link to the statement with your answer.

Reference no: EM13864288

Questions Cloud

Disclosed raw materials used in production : Carolina Plating Company reported a cost of goods manufactured of $520,000, with the firm's yearend balance sheet revealing work in process and finished goods of $70,000 and $134,000, respectively. If supplemental information disclosed raw materials ..

Regardless of the providers type of business : Regardless of the providers type of business, should also care providers is the same set of ratios when conducting a financial statement analysis? Explain.

Does the company must make the piece or buy : Radisson Manufacturing Corp. The company uses 10,000 units of the 300th piece as a component to assemble one of its products. An external supplier offers to supply this piece for $ 16 per unit. If the company stops production of this piece, you can a..

What is the amount of stockholder''s equity at end of year : At the beginning of the year, Canon Company had total assets of 870,000 and liabilties of 500,00. If total assets increased 150,000 during the year and liabilities decreased 80,000, what is the amount of stockholder's equity at the end of the year?

Identify total current assets and total current liabilities : Identify the total current assets and the total current liabilities of your company and calculate the current ratio for the most current two year ends. What does this tell you about the company?

Annual investment is required to achieve account balance : On Juan's 26th birthday, he invested $6,500 in a retirement account. Each year thereafter, he deposited 7% more than the previous deposit. The account paid annual compound interest of 6%. How much was in the account immediately after his 35th deposit..

Federal income taxation : Paul and Dee were married on July 15, 1989 and live happily in Cape Coral, FL. They have two children, Evan and Ally. Evan is 25, works for Yelp in NYC and lives in 2-bedroom apartment with three roommates. Though his mother sends him care packages, ..

Fallacies and errors in sound reasoning : Fallacies and Errors in Sound Reasoning

Entry to close income summary account at end of year : Tara Westmont, the stockholder of Tiptoe Shoes, Inc., had annual revenues of $203,000, expenses of $112,700, The Company paid $25,200 cash in dividends to the owner (sole stockholder). The retained earnings account before closing had a balance of $31..

User Account

All Pages