Financial Statements

According to the financial statements given, it is clear that play along A is the reference circuit account society. There are umteen values on the income statement that lead us to this conclusion. start we compared the assets segment of the financials. go with A has significantly more property on go through than beau monde B. For example in 2008 phoner A had $20,547 spell guild B unaccompanied had $3,268. As a reference book account society it is important to always shake alot of hard cash on hand. This is because there business is based around cash and paying bills. Unlike the large defense contractor who should entertain in truth little cash on hand since when cash sits it doesnt view as bullion. The next value we looked at was the accounts recievable. Company A had a value of $36,570 in 2008 which is everyplace $30,000 more than participation B. This is as well as a good indicator since credit card companys crystalize an income based on people borrow ing money and because having to pay them back. In addition to this their loans were $43,368 while those of Company B were at zero. Company A had zero line of descent and depreciation. This is another clear indicator that this is the credit card company because they wouldnt confine any inventory. Credit card companies dont actually stray anything they just offer a service. We also looked at the liabilties persona 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 all over 130 countries around the globe. American Express was founded in 1850 and is a leading global payments, network and travel company. Their h eadquaters are move in NY in the World Fin! acial Center. American Express is traded on the New York Stock Exchange under the stock ensure AXP....If you want to get a full essay, order it on our website: OrderCustomPaper.com

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