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QUESTION

Accounting help

  1. Research Application Discussion

The current ratio measures the degree to which current assets cover current liabilities. A high ratio indicates a good probability that the company can retire current debt. When long term debt exceeds stockholder's equity, the current ratio will fall.  What effect will reclassifying a long term investment into cash within one year have on the current ratio? Is a firm's true financial position stronger as a result of reclassifying investments? What are the ethical ramifications of re-classifying investments? Give an example of when reclassifying a long term investment as a short term investment makes financial sense for the company.

  1. Research Application

In this assignment, you will use the Internet and other sources to gather and interpret information related to service and manufacturing organizations.

Select either a service or a manufacturing organization of interest to you. Research the organization using the online library and the Internet. Based on your research, do the following:

  • Identify and classify the types of expenses associated with the operation of the selected organization.
  • Review the income statement and balance sheet of the selected organization. What is your overall initial impression of the company based on the financial data you reviewed?

Write a 2- to 3-page report detailing your findings in MS Word format. Apply current APA standards for writing style to your work.

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