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Financial Reporting Problem

Financial Reporting Problem
Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

• Are the assets included under the company’s current assets listed in the proper order? Explain your answer.
• How are the company’s assets classified?
• What are cash equivalents?
• What are the company’s total current liabilities at the end of its most recent annual reporting period?
• What are the company’s total current liabilities at the end of the previous annual reporting period?
• Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.
Include a copy of the company’s balance sheet and income statement.
Format your paper and presentation consistent with APA guidelines
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