Assets Liabilities and Owners Equity

A/P	$30,000
LT Debt	200,000
Total Debt	230,000
CS, par	2,000
PIC	10,000
R/E	20,000
Total Equity	$32,000
Total Liabilities and Owners Equity	$262,000

Cash	$1,000
A/R	6,500
Inventory	62,500
Prepaids	12,000
Fixed Assets	250,000
Accum.Depreciation	(70,000)
Total Assets	$262,000

Sales	$800,000
COGS	370.000
Gross Profit	430,000
Operating Exp	-200,000
Depreciation	-10,000
EBIT	220,000
Interest	-20,000
EBT	200,000
Taxes	-80,000
Net Income	$120,000

Prepare a financial analysis (use ratios with your own rationale) of this company and comment on its status and performance. Use the space below and add another page if necessary.