The Balance Sheet and Income Statement of Blazer Corporation

The balance sheet and income statement of the Blazer Corporation reveals its financial position in 2017 and 2018. I am pleased that in both years, the company’s assets exceeded its liabilities. The company’s financial position is further solidified  by its high retained earnings. The retained earnings increased from 4,678 in 2017 to 5,678 in 2018. Increasing retained earnings indicate that the company is consistently profitable. The company’s long term assets, that is the property, plant and equipment, increased in 2018. This indicates that it is utilizing its excess cash flow effectively.

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