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3. Fill in the blanks in the Balance Sheet and Income Statement. XYZ Co. Balance Sheet 2018 XYZ Co. Income Statement 2018 1715 756 280

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3. Fill in the blanks in the Balance Sheet and Income Statement. XYZ Co. Balance Sheet 2018 XYZ Co. Income Statement 2018 1715 756 280 ? ? 840 Assets Cash Account receivables Inventory Property and equipment -net Liabilities Account payable Loan Mortgage Equity Common stocks Retained Earnings Gross Income -Expenses Cost of goods sold Overhead Depreciation-Expense Interest paid Taxable Income Income Taxes (25%) Net Income 161 280 70 448 ? ? 245 483 406 ? 500 Financial ratios Current ratio Acid test ratio Return on equity 5 2.743 0.3609

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