2. Company A sells on terms of 2/10, net 30. Its financial statements over the last three years are as follows. Please use the ratios, analyze the companys financial condition and performance over the last three years. Are there any problems?

ASAP

20X1 20X2 20X3 Cash Accounts receivable Inventory Net fixed assets Accounts payable Accruals Bank loan, short term Long-term debt Common stock Retained earnings $ 30,000 200,000 400,000 800,000 $1,430,000 $ 230,000 200,000 100,000 300,000 100,000 500,000 $1,430,000 $4,000,000 3,200,000 300,000 $ 20,000 260,000 480,000 800,000 $1,560,000 $ 300,000 210,000 100,000 300,000 100,000 550,000 $1,560,000 $4,300,000 3,600,000 200,000 $ 5,000 290,000 600,000 800,000 $1,695,000 $ 380,000 225,000 140,000 300,000 100,000 550,000 $1,695,000 $3,800,000 3,300,000 100,000 Sales Cost of goods sold Net profit 20X1 20X2 20X3 Cash Accounts receivable Inventory Net fixed assets Accounts payable Accruals Bank loan, short term Long-term debt Common stock Retained earnings $ 30,000 200,000 400,000 800,000 $1,430,000 $ 230,000 200,000 100,000 300,000 100,000 500,000 $1,430,000 $4,000,000 3,200,000 300,000 $ 20,000 260,000 480,000 800,000 $1,560,000 $ 300,000 210,000 100,000 300,000 100,000 550,000 $1,560,000 $4,300,000 3,600,000 200,000 $ 5,000 290,000 600,000 800,000 $1,695,000 $ 380,000 225,000 140,000 300,000 100,000 550,000 $1,695,000 $3,800,000 3,300,000 100,000 Sales Cost of goods sold Net profit