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Understanding Financial Ratios in a Case Study
Financial plans and statements are an important part of identifying how much money is needed, and of determining the health of the company through company valuation. Completing financial statements is part of the role of the entrepreneur in raising capital.
Reread “All Is Not Paradise in Eden’s Garden,” parts 1 and 2,( Attached below) in files found at the end of subsection LO 4 of this week’s chapter of your text.
Assume the role of Shelly Edison (the accountant) and calculate the following ratios. Using the financial statements for Eden’s Garden, calculate the following ratios:
What recommendations can you make to Eden’s to improve their company’s financial performance in the future?
Your paper should be 3-5 pages in length and conform to the APA Style with in text citations. Calculations of the ratios should be shown in an appendix (Xcel spreadsheets would work as well) in APA format while the body of the paper is used for explanations and recommendations.
428 SECTION III • LAUNCHING THE BUSINESS
–4/al You Be the Consviltanit
All Is Not Paradise in Eden’s Garden: Part 1
|Joe and Kaitlin Eden, co-owners of Eden’s Garden, a small nurs-
ery, lawn, and garden supply business, have just received their
Balance Sheet, Eden’s Garden Assets
|Less Allowance for||$3,200||$25,952|
|Total Current Assets||$129,936|
|Less Accumulated Depreciation||$2,061||$48,966|
|Less Accumulated Depreciation||$1,250||$21,125|
|Furniture and Fixtures||$10,295|
|Less Accumulated Depreciation||$1,000||$9,295|
|Total Fixed Assets||$150,907|
|Credit Line Payable||$8,118|
|Accrued Wages/Salaries Payable||$1,344|
|Accrued Interest Payable||$1,785|
|Accrued Taxes Payable||$1,967|
|Total Current Liabilities||$87,622|
|Total Long-Term Liabilities||$119,846|
|Sam Lloyd, Capital||$73,375|
|Total Liabilities and Owner’s
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