From the financial statements of the fictitious company in Principles of Accounting.docx

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From the financial statements of the fictitious company in Principles of Accounting, QuartzCorporation, for the year ending December 31, 20X9, I personally would not invest in thecompany. Also, I would need more data on previous years of operation and also, I would need toknow overall profit margins as well as profit margins per product to fortify my decision.I do have few quibbles;1.After a year of operation, Quartz only made $115,000 in profit plus the purchase of landcosting $250,000 for a grand total of $365,000.2.Expenses are really high, with a total of $690,000 for the year. Rent alone costing$115,000 for the year. Would it be better to move operations to a building owned by the
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Term
Fall
Professor
Peggy January
Tags
Economics, Generally Accepted Accounting Principles, 115 000, financial statements of the fictitious company

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