Reference the Milestone One Chester Inc. Trial Balance spreadsheet for
the past three years’ financials (2013, 2014, and 2015).
Additional information:
Land with the land improvements were sold at book value (no gain or
loss) in 2014. (Note: To evaluate the sale, use the following accounts:
land,
building and land improvements, and Other Noncurrent Assets)
New equipment purchased with cash for $2,739,067 in 2014
New storage building purchased with cash for $135,000 in 2015
No investments have been sold or purchased in 2014 or 2015
There are currently 8,275,000 shares of common stock outstanding. No
additional common stock has been sold or repurchased in any of the
aforementioned
years.
Artifact One: Financial Statements and Analysis
The first artifact that you will include in your portfolio is the
comprehensive, professional report that you create for the board of
directors of Chester, Inc.—a large
publicly traded client at S.N.H.U., LLC. The report should contain your
findings with the financial statements package as an appendix (Excel
attachment).
Incorporate the feedback that you receive from your instructor during
the development of this artifact.