Comparative Study on Arctic Cat and Polaris

pivotal Cat and pole star argon the leading in their field. frosty Cat and pole star evolve all sorts of outdoor-sport all terrain vehicles. team B pass on outline what these companies produce, when they were established, who audits their pecuniary statements, and which FASB position is just about relevant to each company. Additionally, in this paper, Team B will equation both companies for their financial and ethical soundness by examining the companies financial and income statements. pole star is a billion dollar manufacturer of snowmobiles, all-terrain vehicles, motorcycles, and the Polaris Ranger. Polaris was started in 1954, and the first snowmobile was built in December of 1955. The snowmobile provided mobility on snow-c everyplaceed land. Farmers and utility workers were able-bodied to eventually reach areas that were inaccessible in the winter. Before the snowmobile, Polaris plainly manufactured farm equipment. (Tiller, 2006). Arctic Cat has been making snowmob iles for over 40 years. Their headquarters is based in Thief River Falls, atomic number 25 and they manufacture all-terrain vehicles and snowmobiles. Through a network of independent dealers passim the US and Canada, Arctic Car markets it products. (Arctic Cat, retrieved 12/09/06). both Arctic mould and Polaris prepare their own financial statements using a 10-K defecate, by using Edgar Online services, which are then audited by independent auditors. Arctic Cat was audited by Grant Thornton LLP in 6/13/2005. (ERDGAR Online Inc, 2006).

Polaris was audited by Ernst & little LLP in 3/1/2006, after preparing their fina ncial statements. (EDGAR Online Inc, 2006). ! Both companies were sensible to have ethical account practices. The financial statements from the 10-K form are the merge Balance Sheets, Consolidated Statements of Earnings, Consolidated Statements of Shareholders Equity, and Consolidated Statements of interchange Flows. The Consolidated Balance Sheets for Arctic Cat collection an append in total legitimate assets from b frame 2005 to March 2006, with current assets... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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