How to tell how well a company did through its fincancial statements?

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The following items were taken from the financial statements of R. Stevens Company. [ 2 Answers ]

The following items were taken from the financial statements of R. Stevens Company. (All dollars are in thousands.) Long-term debt $943 Accumulated depreciation $5,655 Prepaid expenses 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2011 368 Long-term...

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Error on the company financial statements [ 1 Answers ]

An accountant made a small error in recording the ending inventory balance for the year. He inadvertently left off a zero and now the Inventory accounts shows a $15,500 balance instead of a $155,000 balance. What will be the impact of the error on the company’s financial statements?

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