Business Administration 1220E Study Guide - Midterm Guide: Income Tax, Interest Expense, Current Liability
8 Nov 2018
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Business Administration 1220E Full Course Notes
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Even if cogs is shortened on the actual case, always include the subsections (beg. If information is given in the projected statements section, it will always appear on. Always link the fact/sentence to an implication on statements. Spend 80min on projected statements and carefully read over twice and make notes!!! Only decrease by same $ trend if the differences between the years is the exact. If industry average is given, always comment on it and compare (if the company is doing below or under average, and whether it is justifiable based on the position/age of the company) La maison been around since the 90s but is performing under the average\ Analyzing current ratios: always calculate the working capital gap! (days of a/r. + days of inventory) subtract a/p = # of days they are cash restrained (also the sum should be lower than the days of ap)
