3 pages
PLEASE MAKE THE FOLLOW CORRECTIONS
Section 3: Your slides don't match your Excel. You have a different journal entry on the slides than you do in Excel, e.g., on transaction 1. Additionally, what is the income statement impact of transaction 1? On transaction 2, why would cash go up $5m when the company was paid $7.1m? On transaction 3, the company only forgot to account for the discount. The rest of the transaction was accounted for. Update your response to reflect this.
Section 4: Question 5 was to be done for 3 years. It appears to only have been done for 1 year. On question 6, you have mistakes in some of your calculations. E.g., your current ration for AMD uses total liabilities, rather than current liabilities.
9 years ago 35
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