Financial statements

 

a. Identify clues from the financial statements and financial statement ratios for Year 3–Year

7 that might suggest that Massachusetts Stove Company is a mature business.

b. Design a spreadsheet for the preparation of projected income statements, balance sheets,

and statements of cash flows for MSC for Year 8–Year 12. Also forecast the financial statements

for each of these years under three scenarios: (1) best case, (2) most likely, and (3)

worst case.

REQUIRED (continued from page 721)

c. Calculate the financial statement ratios listed in Exhibit 10.16 for MSC under each of

the three scenarios for Year 8–Year 12.

Note: You should create a fourth spreadsheet as part of your preparation of the projected

financial statements that will compute the financial ratios.

d. What advice would you give the management of MSC regarding its decision to enter

the gas stove market? Your recommendation should consider the profitability and

risks of this action as well as other factors you deem relevant

Thomas Benton’s work is known for its development (Ellison). The movement depicted in his works impart “the vitality, surge, and disarray of American life” (Ellison). The states of the men and the earth in Benton’s painting cause the image to appear as though it is moving. The figures working in the field lean and twist as they cut and gather the grain. This activity is likewise depicted in the manner the slopes, trees, and mists are painted. The watcher can nearly feel the development of the men working since it is communicated all through the whole artistic creation. The bend in the encompassing slopes emulate the bend of the men’s backs as they twist around to accumulate the wheat. This movement stretches out into the coating of trees just past the wheat field. The trees move in a kind of squiggly line over the work of art until they arrive at an enormous tree at the extreme left. The tree bends upward and the watcher’s eyes follow until they arrive at the sky. The spiraling movement finishes in a whirl of white mists. While the figures and the landscape are autonomous from one another, their shapes mix together to make a rush of movement that moves over the whole work of art. At the point when the watcher takes a gander at the work of art, their eyes are taken from option to left. The watcher experiences no difficulty making sense of what’s going on in the artistic creation on the grounds that the picture directs the watcher alongside ease. character are independent and the view are discrete from one another is isolated from the other, however together the lines and bends of their bodies look like the stalks of wheat and the cutting development of the grass shearer. Together they make a broad bended line looking like a grass shearer that climbs through the line of trees and into the removed slopes and shady sky. The trees twist and lean simply like the men and proceed with this upward development, finishing in a whirl of mists mixing about and moving with the breeze (Ellison). The movement in this image drives the watcher’s eyes over the whole canvas which, thus, gives them that broad vitality impact.

The hues present in the wheat, sky, slopes, and trees give the artistic creation life. The blues, greens, yellows, and browns utilized in the work of art give the watcher a feeling of what the day may feel like. The brilliant yellow shade of the wheat and the consumed earthy colored shade of the slopes give the watcher the feeling that it is a sweltering, summer day. This can likewise be surmised by the straw caps that the men are wearing, and the pail of water in the base right corner. The wheat is extremely clear and jumps out against the blue and green foundation. The brilliant shade of yellow that Benton decides to paint the field is darker at the base and gets lighter as it climbs the stalks of wheat. The top has a delicate shade which causes it to appear as though the wheat is blowing tenderly in a dry breeze. Be that as it may, the foundation sets a totally extraordinary disposition. It basically comprises of various shades of blue and green, which propose that the day might be cool. The men are likewise wearing long jeans and long sleeve shirts, which would likewise recommend that it is cold outside.

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