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ED-21 Analyzing the ability to pay liabilities d. 2015 0.

ED-21 Analyzing the ability to pay liabilities

d. 2015 0.51

Large Land Photo Shop has asked you to determine whether the company’s ability

to pay current liabilities and total liabilities improved or deteriorated during 2015.

Analyzing a company for its investment potential

Requirements

1. Analyze the company’s financial summary for the fiscal years 2014–2018 to

decide whether to invest in the common stock of WRS. Include the following

sections in your analysis, and fully explain your final decision.

1. Trend analysis for net sales and net income (use 2014 as the base year).

2. Profitability analysis.

3. Evaluation of the ability to sell merchandise inventory (WRS uses the LIFO

method).

4. Evaluation of the ability to pay debts.

5. Evaluation of dividends.

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