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Disclosure Analysis Paper - Essay Example
Author : odickinson
Finance & Accounting
Pages 3 (753 words)
Disclosure Analysis Paper Winnebago Industries Inc: Disclosure analysis The disclosures contained within the notes of the financial statements for the year ending August 25, 2012 has been analyzed as given below. Winnebago Industries Inc is the leading manufacturer of recreation vehicles in Iowa, United States…
Winnebago Industries Inc runs their business of selling the manufactured vehicles, motor homes and automobile parts through independent dealers. Due to this business model, the positions of cash and cash equivalents, receivables and inventories attain significance. The financial parameters indicated in the financial statements represent the consolidated positions of the Winnebago Industries Inc and its subsidiary, Winnebago of Indiana. The transaction between the company and its subsidiary have, however, been excluded from the financial statements. The total cash and cash equivalents held by Winnebago Industries Inc for the year ending August 25, 2012 is $62.68 million. This position of cash and cash equivalents represents a consolidated position held by the company and its subsidiaries. The total amount of cash and cash equivalents held by the company forms one-third of the total amount of current assets held by Winnebago Industries Inc for the year ended August 25, 2012. This shows that Winnebago Industries Inc holds considerable amount of cash and cash equivalents in order to service the short term needs of the group. Winnebago Industries Inc engages into transactions with its subsidiary involving cash and cash equivalents for meeting the short terms liabilities of the group. ...