Financial Statements

Anonymous
timer Asked: Apr 12th, 2017

Question description

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Mary Francis comes into your office later that morning.

“Good news! I think we’ve got strong potential investors!” Mary announces.
“That’s great!” you reply.
“And now, they are asking for financial information” Mary states.
“Ok, I could provide a 50-page analysis for them!” you say.
“That’s exactly what they don’t want. I’m beginning to notice that some of the investors don’t have a strong finance background, and the last thing we want to do is scare them off with too many financial figures” Mary explains. I would like for you to complete a presentation. However, I want you to keep it simple and clear. Using all 3 Financial Statements, please provide an analysis on Apix’s assets, liabilities, cash, and profit. As well, choose 2 additional components on each of the sheets, and provide your initial impression on the company financial situation. Do you think you could handle this?”
“Of course! I’ll get started on this right away.”

Mary also indicates that she would like between 10–15 slides with 150–200 words in the notes page.

Apex Printing Balance Sheets As of December 31, 2013 and 2012 Assets Cash Accounts Receivable Inventory Total Current Assets Land Building & Equipment Less: Accumulated Depreciation - Building & Equipment Total Long Term Assets Total Assets 000$ 000$ 2013 6,000 2,350 12,100 20,450 2012 5,700 2,300 6,500 14,500 25,000 20,000 300,000 300,000 (187,850) (160,000) 137,150 160,000 157,600 174,500 Liabilities and Stockholders' Equity Accounts Payable Salaries Payable Interest Payable Short Term Notes Payable Taxes Payable Total Current Liabilities 4,600 0 1,500 12,000 0 18,100 3,500 2,100 0 0 5,600 11,200 Mortgate Payable Total Long Term Liabilities 54,950 54,950 100,000 100,000 60,000 24,550 84,550 157,600 60,000 3,300 63,300 174,500 Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Apex Printing Income Statements For the Periods Ended December 31, 2013 and 2012 Revenue: Less: Cost of Goods Sold Less: Depreciation Expense Gross Margin Selling, General & Administrative Expenses Income Before Interest & Taxes Interest Expense Income Before Taxes Income Taxes Net Income 000$ 000$ 2013 2012 450,000 475,000 (324,300) (374,500) (27,850) (26,000) 97,850 74,500 (29,100) (32,000) 68,750 42,500 (7,500) (6,000) 61,250 36,500 (35,000) (30,000) 26,250 6,500 Apex Printing Statement of Cash Flows For the Period Ended December 31, 2013 000$ Cash Flows from Operating Activities: Net Income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense Increase in accounts receivable Increase in inventory Decrease in salaries payable Increase in interest payable Decrease in taxes payable Increase in Short Term notes Payable Increase in accounts payable Net Cash Flow from Operating Activities Cash Flows from Investing Activities: Cash paid to purchase land Net Cash Flow from Investing Activities 26,250 27,850 (50) (5,600) (2,100) 1,500 (5,600) 12,000 1,100 55,350 (5,000) (5,000) Cash Flows From Financing Activities: Cash paid for mortgage Cash paid for dividends Net Cash Flow from Financing Activities Net Increase in Cash Plus: Cash Balance at December 31, 2012 Cash Balance at December 31, 2013 (45,050) (5,000) (50,050) 300 5,700 6,000

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