Background:

UCW Corpora$)$on is a medium$-$sized manufacturing company that produces high$-$quality

electronic devices. As a new hire to the corpora$)$on$,$ you have been assigned the task of

conduc$)$ng a comprehensive financial analysis of UCW Corpora$)$on for the year ending

December $31,2023.$ This case study will test your knowledge of fundamental accoun$)$ng

concepts, including financial statements, financial ra$)$os$,$ deprecia$)$on$,$ manufacturing costs, and

long$-$term assets.

Financial Informa$)$on:

Below is the financial data for UCW Corpora$)$on for the fiscal year ending December $31,2023$:

Income Statement:

Revenue: $$2,500,000$

Cost of Goods Sold $($COGS$)$: $$1,400,000$

Net Income: $$500,000$

Opera$)$ng Expenses: $$600,000$

Gross Profit: $$1,100,000$

Balance Sheet $($at the end of $2023)$:

Owner's Equity: $$2,800,000$

Total Assets: $$4,000,000$

Total Liabili$)$es: $$1,200,000$

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