Kindly help answer the attached questions-7 in all-Please no googled answer s or I will deny your answers. I need a paragraph answer for each question. Please make it simple. no examples.If sales increased, shouldn't the inventory percentage go down.
..why did it increase?
If gross proFt changed, how much of the change in gross proFt was aTributable to a change in
sales, and how much was due to a change in cost of goods sold?
Similarly, what could be the reasons for the changes in various balance sheet items? If accounts
receivables increased, does the increase seem reasonable considering the change in sales
because sales are the reason a company has accounts receivables? In other words, did
receivables grow faster than the sales growth? If so, what would that mean?
±urther, do the changes in the balance sheet items look consistent with those in the income
statement items? If yes, how? If not, why not? ±or example, if plant assets increased, was that
increase in line with the change in revenues?
What else can you all add?
And what about the loss su²ered by US businesses near the World ³rade Center from the
terrorist aTacks on 9/11/2001? Was that an extraordinary item for Fnancial repor´ng purposes?
Suppose if a company experiences consistent increase in cash year aµer year, is that always
good? If plant assets grow at a rate faster than the growth in sales, would that be considered a
growth in the company?
Likewise, if inventory balance goes on declining from year to year, is that necessarily bad?
How do you judge?
This question was answered on: May 23, 2022
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