Prepare a comparative balance sheet, income statement, and statement of cash flows, and perform a...

Question

Prepare a comparative balance sheet, income statement, and statement of cash flows, and perform a horizontal analysis of the company’s balance sheet, income statement, and statement of cash flows for the most recent 2 years. Identify at least one significant change (increase or decrease) from one year to the next in a balance sheet account, income statement account, and statement of cash flows account.Identify the causes of the change in each of these accounts.Discuss the implications of each of these account changes, and your assessment of the company based on these changes. Do these changes reflect positively or negatively on the company, and what is your assessment of the outlook for the company?

Neenisha · Accepted Answer

Adobe Inc
Balance Sheet Horizontal Analysis
In 2019 there has been significant increase in the cash and cash equivalents of the company, however, in 2018 there has been decline in cash as compared to that in 2017. This means that in 2019 company could generate enough cash and thus have cash at hand. The prepaid expenses of the company in 2019 was very high as compared to 2018. There has been increase of almost 151%.
The intangible assets increased at a very high rate in 2018 as compared to 2017 but in 2019 they were more or less stable.
In 2019,

Prepare a comparative balance sheet, income statement, and statement of cash flows, and perform a horizontal analysis of the company’s balance sheet, income statement, and statement of cash flows for...

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