Business & Finance homework help| Business & Finance homework help
Furthermore, an analysis of their income statements reveals a steady increase in net income over these years – rising from -$3B to +$1.3B respectively – which indicates that they were able to effectively manage/streamline costs while also increasing revenues as a result of new products/services being offered.
The balance sheet presents an even more encouraging picture, with total assets increasing nearly 10% between 2009 & 2011 while total liabilities decreased by nearly 4%. Sprint has been able to maintain their debt levels while also investing in property/equipment, which allows them to remain productive.; allowing them to maintain liquidity & stability despite turbulent economic conditions during this same time frame.
Therefore it can be concluded that overall, Sprint’s financial performance for the periods between 2009-2011 has been satisfactory and should continue on this trajectory if further cost cutting measures are undertaken alongside revenue generating initiatives going forward.