Condensed versions of Your Phone Ltd.'s financial stat
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Condensed versions of Your Phone Ltd.'s financial statements, with certain amounts omitted, are given for two years.
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Condensed versions of Your Phone Ltd.'s financial statements, with certain amounts omitted, are given for two years. Requirements 1. Determine the missing amounts denoted by the letters. 2. Use Your Phone's financial statements to answer these questions about the company. Explain each of your answers. a. Did operations improve or deteriorate during 2017? b. What is the company doing with most of its income-retaining it for use in the business or using it for dividends? c. How much in total resources does the company have to work with as it moves into 2018? How much in total resources did the company have at the end of 2016? d. At the end of 2016, how much did the company owe outsiders? At the end of 2017, how much did the company owe? e. What is the company's major source of cash? What is your opinion of the company's ability to generate cash? How is the company using most of its cash? Is the company growing or shrinking?
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