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Prepare Beneish ratio analysis. Discuss any red flags, identified by your analysis. ...

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Finance

Prepare Beneish ratio analysis. Discuss any red flags, identified by your analysis.

Data

2009 2010 Change
Accounts Receivable $630,098 $462,616 -$167,482
Sales $13,839,420 $13,437,965 -$401,455
COGS $66,000 $241,000 $175,000
Gross Margin $13,773,420 $13,196,956 -$576,464
Current Assets $3,046,158 $3,018,050 -$28,108
Total Assets $47,364,253 $46,615,082 -$749,171
Net Fixed Assets $31,109,506 $30,266,377 -$843,129
Current Liabilities $302,778 $329,969 $27,191
Long term debt $1,808,242 $1,610,845 -$197,397
Working Capital $2,743,380 $2,688,081 -$55,299
Cash $662,298 $1,029,798 $367,500
Tax payable $4,132,026 $3,959,086.80 -$172,939
Depreciation $12,667,326 $12,311,621 -$355,705
Amortization $55,333 $46,111 -$9,222
SGAI $562,700 $303,045 -$259,655

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