Spanish Civil War The bombing of Guernica induring the Spanish Civil Warsparked Europe-wide fears that the next war would be based on bombing of cities with very high civilian casualties. When civil war broke out in Spain, Hitler and Mussolini lent military support to the Nationalist rebelsled by General Francisco Franco.
Hire Writer Based on your calculations, assess the likelihood high, medium, or low that Pinnacle is likely to fail financially in the next 12 months.
This is because it is apparent that the short-term debt paying ratios are down from the previous years. For example, the current ratio has decreased from the preceding year concluding that the current assets can cover the current liabilities successfully.
Also looking at days to collect receivables is also lowered which presents that it takes less days for the company to collect their receivables implying that the monies owed to them are coming in more quickly.
Lastly, In order Tort a company to succeed teeny need to nave a good turnover rate Tort the inventory which is Just what Pinnacle company has.
The inventory turnover ratio is low indicating that it is taking fewer days than before to sell inventory. I believe that the information in requirement d provides the most useful data for valuating the potential for misstatements because you can see exactly what each division is claiming in each sub-category.
When using the information in requirement c, you are getting an overview of what all the divisions have done and cannot tell which division each misstatement is coming from.
Also, by using information from requirement d, the auditor has a better chance of depicting the misstatements because you are focused on one specific division instead of trying to fugue out which division the misstatement might have been from.
Health news with a focus on fitness news, wellness coverage and living a healthy Southern California life. As a member, you'll also get unlimited access to over 75, lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed. Pinnacle Case Study Part 2 A) • External users’ reliance on financial statements. 1. Pinnacle Manufacturing Company is privately owned but the amount of /5(1).
Requirement d is more informative than using requirement c.The company is privately held, but there is a large amount of debt, so the financial statement -may be used extensively. Also, management is considering selling the Machine-Tech division, which has the potential to result in extensive use of the statement by buyers.
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Pinnacle Manufacturing Case Words | 10 Pages Original Work please INTEGRATED CASE APPLICATION –PINNACLE MANUFACTURING: PART II (Objectives , ) In Part I of the case, you performed preliminary analytical procedures for Pinnacle (pp.
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Order now C and D) are on the Excel Spreadsheet labeled Pinnacle Case Study Common-Size Income Statement C) Account Balance Estimate of $ of Potential Misstatement Training Assorted expenses Rent ClassZone Book Finder.
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