The Jimenez Corporation’s forecasted 2022 financial statements follow, along with some industry average ratios. Calculate Jimenez’s 2022 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez’s projected strengths and weaknesses. 

Transcribed Image Text:

Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2022 Assets Cash Accounts receivable Inventories Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 72,000 439,000 894,000 $1,405,000 431,000 $1,836,000 $ 332,000 100,000 170,000 $ 602,000 404,290 575,000 254,710 $1,836,000