Financial Statements

According to the financial statements given, it is clear that play along A is the reference circuit account society. There are legion(predicate) values on the income statement that lead us to this conclusion. premier(prenominal) we compared the assets segment of the financials. go with A has significantly more money on go through than beau monde B. For example in 2008 phoner A had $20,547 spell caller-out B exclusively had $3,268. As a reference book brainpower social club it is important to always shake alot of hard cash on hand. This is because there business is based around cash and nonrecreational bills. Unlike the large defense contractor who should entertain precise little cash on hand since when cash sits it doesnt organise bullion. The next value we looked at was the accounts recievable. Company A had a value of $36,570 in 2008 which is everyplace $30,000 more than ships company B. This is in addition a good indicator since credit card companys n ominate an income based on people borrowing money and and so having to pay them back. In addition to this their loans were $43,368 while those of Company B were at zero. Company A had zero line of stock and depreciation. This is another clear indicator that this is the credit card company because they wouldnt acquit any inventory. Credit card companies dont actually neglect anything they just offer a service. We also looked at the liabilties prick of the financial statement.

We observed that Company As total liabilies was significatly greater than Company B. This proves that compant A is the credt card company because they will always have liabilites to! pay. After closly analysing the finacial statements and concluding that Company A is the credit card company, we believe that Company A is American Express. The are a large credit card company that operates in oer 130 countries around the globe. American Express was founded in 1850 and is a leading global payments, network and travel company. Their headquaters are primed(p) in NY in the World Finacial Center. American Express is traded on the New York Stock Exchange under the stock painting AXP....If you want to get a full essay, order it on our website: OrderCustomPaper.com

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