For this assignment, research and find a company that builds or manufactures furniture. Write a report that analyzes the financial well being of any company. Develop a plan for the cost method that is best suited for the company. Evaluate and report your findings. Your report should include the following:
The results of your research on the company's financial well being
Recommendations for the company
Identification of areas of improvement
Calculate the following ratios for the company and incorporate them into your report. When reporting the ratio calculations, show your work and interpret the ratios. Has the company improved financially over the past year?
Current ratio
Acid-test (quick) ratio
Debt ratio
Inventory turnover
Accounts receivable turnover
Return on net sales
Return on total assets
Return on common stockholder’s equity
Earnings per share
Develop a list of the following items relative to the furniture manufacturing company.
What would their fixed costs, variable costs, and mixed costs be?
What do you consider to be the best costing method for this type of business? Why?
Provide accurate examples of each type of cost from the furniture manufacturing company.
Discuss how ratio analysis can be used to determine possible fraud, and relate it to ethics.
Submit your assignment as a Word document minimum 1,000 words. The Excel document may be embedded within the Word document. The calculations and results do not count toward the 1,000-word requirement.
Submit your assignment as a Word document minimum 1,000 words. The Excel document may be embedded within the Word document. The calculations and results do not count toward the 1,000-word requirement.
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