Review the 2013 and 2014 financial statements from the publicly-traded company Zigoscar Corporation. Conduct a financial analysis and calculate financial ratios.
Refer to the Course Schedule within the Syllabus for specific project deliverables and due dates.
DELIVERABLE
From this spreadsheet of Income Statements and Balance Sheets for Zigoscar Corporation, complete the following:
Create a Statement of Cash Flows for Operations for the year 2014.
Conduct a Horizontal analysis of the above income statement and balance sheet showing the amount and percentage changes from 2013 to 2014. (Round to one decimal place.)
Perform the following ratio analysis for 2014:
Current Ratio
Quick Ratio
Receivables Turnover
Inventory Turnover
Profit Margin
Return on Assets
Debt to Equity Ratio
Return on Equity

Transcribed Image Text:

Below are the condensed comparative Income Statements and Balance Sheets for 105car Corporation for 2014 and 2013. Corporation Comparative Income Statements For the years ended December 31, 2014 and 2013 2013 Net Sales 6,553,600 6,292,800 Cost of goods 4,177,600 4,016,800 Gross Mar 2,276,000 expenses Expenses 953,600 1,036,000 Administrative expenses 894.400 846.400 Expenses 1,848,000 1,882,400 528,000 696,900 InterestExpense 131,200 78.400 396,800 315,200.00 expense 124,800 113,600 NetIncome 272,000 21,600 amings per Comparative Balance Sheets December 31 2014 and 2013 2014 Assets Cash 162,400 81,600 Accounts receivable (net) 471,200 458,400 Inventory 1,149,600 1,189,600 Property, Plant & Equip (net) 1,500,000 1,440,000 TotalAssets 3,283,200 3,169,600 Liabilities and Equity Accounts payable 535,200.00 954,400.00 Notes payable (shortterm) 400,000 800,000 Bonds payable 800,000 Common stock, $10 par value 800,000 800,000 Retained earnings 748,000 615,200 TotalLiab. & Stockholders Equity 3,283,200 3,169,600 The depreciation expense in 2014 was 5,000.From this information, please complete the following: 1. Create a Statement of Cash Flows of Operations for the year 2014 2. Conduct a Horizontal analysis of the above income statement and balance sheet showing the amount and percentage chasesfrom 2013 to 2014 (Round to one decimal plac) 3. Perform the foll owing ratio analysis for2014 1. Current Ratio 2. Quick Ratio 3. Receivables Turnover Inventory Turnover 5. Profit margin 6. Return on assets 7. Debt to Equity