In: Accounting
Financial Statement Analysis Case
RAGATZ, INC.
2017 (,000) | |
---|---|
Current liabilities | $ 554,114 |
Convertible subordinated debt | $ 648,020 |
Total liabilities | $ 1,228,313 |
Stockholders' equity | $ 176,413 |
Net income | $ 58,333 |
Analysts attempting to compare Ragatz to drug companies that issue debt with detachable warrants may face a challenge due to differences in accounting for convertible debt.
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