Financial Analysis wk 4 - Week 4 Chapt 4 Financial Analysis...

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Week 4 Chapt. 4 Financial Analysis 1 Sandra Whyatt Financial Analysis BUS2050XA Instructor: Melinda Swigart Week 4 Homework Chapter 4
Week 4 Chapt. 4 Financial Analysis 2 Exercise 4-5 Restating Inventory from LIFO to FIFO Refer to financial statement of Campbell Soup Company a. Compute Year 10 Cost of Goods Sold and Gross Profit under the FIFO method. (NOTE:
b. Explain the potential usefulness of the LIFO to FIFO restatement in a.
c. Compute ending inventory under the FIFO method for both Years 10 and 11.
d. Explain why the FIFO inventory computation in c might be useful for analysis 4-7 Identifying Unrecorded Assets
Cite five examples of assets that are not presently included on the balance sheet. Discuss the implications of unrecorded assets for financial statement analysis.
Week 4 Chapt. 4 Financial Analysis 3 creative workforce eventually enables companies to earn extra revenue and make it easier to have loyal customers as they might be satisfied with the service given. The reason why they are not included in the balance sheet is their value cannot be measurable in terms of money.

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