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Prime Time to Sharpen the Sword

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Submitted By AFENG247
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Prime Time to Sharpen the Sword
ACG3083/08116
Summer 2012

In 2011 Toromont Industries continues work with the big CATS in the heavy equipment arena. Toromont’s focus in the past was concentrated on strengthening their business and providing total quality service to it’s’ customers and shareholders. Throughout its Equipment Group segment, Toromont sells, rents, and services CAT brand mobile equipment. Toromont also specializes in industrial engines in one of the world’s larger Caterpillar dealerships by revenue and geography and through Battlefield – The CAT Rental Store operations in Canada. With the help of CIMCO Refrigeration, it also supplies refrigeration equipment used by the food and beverage industry and by the NHL to keep artificial ice surfaces frozen. Toromont was a spin-off of Enerflex, its natural business, in 2011. Enerflex and CIMCO made up Toromont’s Compression Group segment. The company maintains operations primarily in Canada, the United States, and Australia. The primary focus of Toromont is to lead by example and continue to improve the quality of all products and services. This financial analysis report will evaluate several general accepted accounting principles which may include past years performance based on the past years of Toromont’s’ economic status. The existing financial report for 2011 contains an income statement, balance sheet, and a statement of cash flows as well as other consolidated documents. The balance sheet contains a list of all current and total assets and liabilities with also a list of stockholders equity. The income statement lists all revenue, operating income, earnings (losses), continuing and discontinuing operations. Operating, investing, and financing activities are listed on the statement on cash flows.
It is well known in the accounting community that the two simplest ways to analyze a company’s

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