QUESTIONS ABOUT COMPUTER OPERATIONS AND INTERNAL CONTROLS in accounting.

 

. Based on your ratio calculation, can the company meet its short-term obligations? Long-term liabilities? 

You must use some benchmark figures such as the industry averages or general rule of thumb numbers or S&P 500 averages and the like to support your conclusion. Assume that the company’s industry is Furniture Stores.  

Ratios :  

ROI Return on Investment 77.29%

GM% Gross Margin / Net Sales 27.42%

Current Ratio Current Asset/Current Liabilities 2.75

Debt To Equity Total Liabilities/Owners Equity 0.81

EPS Net Income/Number of common share outstanding 189.56

 

. What other option(s) does the company have in order to obtain the same amount of net income? 

Just describe them briefly.  

. Discuss some advantages of using spreadsheet programs in financial analysis of the corporation