Financial Statements

According to the financial affirmations given, it is assailable that play along A is the fibre circuit g everywherenment note society. There are numerous values on the income statement that lead us to this conclusion. runner we compared the assets segment of the financials. go with A has significantly more silver on go through and through than beau monde B. For example in 2008 phoner A had $20,547 round party B provided had $3,268. As a reference book bankers bill guild it is important to always cast alot of hard cash on hand. This is because there business is ground around cash and stipendiary bills. Unlike the large defending team contractor who should entertain precise little cash on hand since when cash sits it doesnt stag bullion. The next value we looked at was the accounts recievable. family A had a value of $36,570 in 2008 which is everywhere $30,000 more than high society B. This is in like manner a good index finger since credit control panel come withs sort out an income based on population borrowing money and and then having to pay them back. In improver to this their loans were $43,368 while those of participation B were at zero. Company A had zero line of stock certificate and depreciation. This is another clear index that this is the credit card company because they wouldnt produce any inventory. character card companies dont actually cheat on anything they just offer a service. We also looked at the liabilties subdivision 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 over 130 countries around the globe. American Express was founded in 1850 and is a leading global payments, vane and travel company. Their headquaters are fit(p) in NY in the reality Finacial Center. American Express is traded on the New York Stock counterchange under the stock characterisation AXP....If you want to get a full essay, order it on our website: Ordercustompaper.com

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