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ACC 230 Assessing Financial Statements

ACC 230 Assessing Financial Statements - Abstract...

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Abstract The purpose of the essay is to analyze the financial position of the company.  The common size  Analysis has been used for this purpose.  The component percentage method and comparative analyses have been made.  The company’s financial position has been viewed from investors and Creditors point of view.  Finally it has also been discussed that how the company may enhance the profitability of the company. Introduction: Total assets comprises of long term and current assets.  In 2004, almost 50% is current and 50% is fixed. T major part of the fixed assets is prepaid pension cost which is around 32% and other two major component of fixed assets are property, plant and equipment and  other assets, they are 9% & 8% respectively. The major part of current assets is cash and cash equivalent which is 20% of current assets. l
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