Accounting Question 1.Calculate Cardinal’s 2022 Current and Quick ratios. What do you observe about the trend of the company’s liquidity positions from 2020 to 2022? 2.Calculate the 2022 Inventory Turnover, Days Sales Outstanding, Fixed Assets Turnover, and Total Assets Turnover ratios. Compared to past years, is Cardinal’s efficiency improving or getting worse? Explain. 3.Calculate the […]
Think carefully about this issue and discuss why that is the case, what their purpose is, how markets view them, and other factors that impact the quality of these numbers.
Discussion It has been found by researchers that P/E and profitability ratios are not necessarily highly correlated—positively or negatively. Think carefully about this issue and discuss why that is the case. Specifically, think about the role of earning numbers, how they are generated, what their purpose is, how markets view them, other factors that impact […]
How did the members of the accounting firms violate the standards of integrity and credibility?
Regarding Enron, this was a company that resulted in the creation of the Sarbanes-Oxley Act and many reforms to the accounting profession. Research the company and answer the following questions. Question 1: How did the members of the accounting firms violate the standards of integrity and credibility? 2: Do you believe the new standards that […]
Locate and review two industry-respected and authoritative resources.
Locate and review two industry-respected and authoritative resources. One resource should focus on financial statement analysis using financial ratios. The other resource should focus on benchmarking analysis using (1) the time-series (also called trend or vertical) comparison (to the organization itself in the previous years) and (2) cross-sectional (also called peer-group or horizontal) comparison (to […]
Discuss the overall financial performance of your company in relation to industry averages and a specific competitor.
The purpose of this assignment is to analyze the financial performance of a company to make recommendations to potential investors about the purchase of stock. Studying all aspects of a company’s financial statements is necessary in order to understand the financial performance and health of a company. This is particularly important for investors trying to […]