Using the included Excel Spreadsheet template. This assignment focuses on financial statement analysis and financial ratios.Late assignments will be graded per the Late Assignment Policy posted within the syllabus. The grading rubric is listed below.

PROMPT
Case Study of Castles in the Air published by ModelOff (Links to an external site.).

DIRECTIONS FOR CASES:
Review the information and questions for the case Castles in the Air
Using the accompanying workbook or by creating your own, develop your model for this case
Answer all of the questions listed for this model
Answer the following qualitative questions (minimal of a paragraph for each):
Based on the provided information, which property would you choose to move forward with if you were choosing an investment? Why would you choose this property?
Based on the provided information, which property is the worst choice for investment? Why is it the worst choice?
What additional information would you want to know before making a final selection for a property investment?

Sample Solution

While a set of frameworks complement and build on each other, the delineation of the concept focuses heavily on vertical versus horizontal dimensions in a time-sliced fashion. That is, time dimension in accountability has not been of primary importance. However, it is worth noting that the time dimension is closely interrelated with a series of conceptual distinctions made in previous literature, and it may cover complementary aspects of the question concerning two sequential lines represented by administrative responsibility versus political accountability. First, the positioning of accountability actors depends on the time dimension. Civil servants usually have longer terms to serve the public interest over the long term. At the same time, they are responsible to the elected representatives of the public who tend to have “a limited time horizon” and “prefer policies that yield tangible benefits for constituents in the near term” (Posner, 2004: 137). For this reason, the priorities expressed by elected officials may be far more related to short-term issues and temporal problems instead of long-term solutions, whereas the long-lasting forms of civil service personnel would prioritize sustainable solutions to secure a long-term perspective of the citizens, both current and in the future. Second, the time frame is essential to distinguishing between two main streams of accountability. Accountability mechanisms focus predominantly on retroactive accountability for the past outcomes, while accountability as a virtue takes a proactive approach to ensuring ethical behaviors in the future. The timeline is also useful to distinguishing between ex ante accountability of the decision-making process leading up to the decision and ex post accountability where the results available from the decision already taken or where questions of compliance are identified and addressed. In other words, ex ante accountability refers to being accountable for the decision before an administrator act, while ex post accountability is suggestive of situations where administrators are accountable for the outcome of their decisions. For example, the focus of traditional bureaucratic administration is very much