Based on financial statement of Robinson corporation and Xerox corporation decide

which firm is in better condition in terms of profitability $,$ liquidity $,$ activity $,$ debt equity and Dupont analysis.

Financial Statements of Robinson corporation and Xerox Corporation are as follows:

$($Multi$-$step Income Statement, for the year ended December $31,2022)($amount in $$000)$

Titles

Robinson Corporation $($first value listed$)$

Xerox Corporation $($second value listed$)$

Net sales

$$53,500$

$$68,500$

Cost of goods sold

$$15,000$

$$28,600$

Gross Profit

$$38,500$

$$59,900$

Administrative expenses:

$$2,000$

$$12,000$

Marketing expenses:

$$7,000$

$$8,000$

Total operating expenses

$$9,000$

$$20,000$

Operating profit

$$29,500$

$$19,900$

$(+)$ Non$-$operating revenue $($interest$)$

$($$$1,800)$

$($$$1,000)$

Income before tax

$$17,700$

$$18,900$

$(-)$ Tax @ $35\%$

$$6,195$

$$6,965$

Net income

$$21,505$

$$11\mathrm{.}935$

$($Classified Balance Sheet for Robinson and Xerox Corporations ltd$,$ December $31,2022)($amount in $$000)$

Assets:

Robinson Corporation

Xerox Corporation

Cash

$78,200$

$45,000$

Marketable securities

$27,000$

$18,000$

Merchandise inventory

$20,500$

$25,100$

Accounts receivable

$32,000$

$20,000$

Total current assets

$157,700$

$108,100$

Total Fixed assets

$278,000$

$330,000$

Total assets

$435,700$

$438,100$

Liabilities and equity:

Accounts Payable

$39,000$

$32,000$

Other liabilities $12,000$

$56,000$

Total Current liabilities

$51,000$

$88,000$

Total Long$-$term liabilities

$95,800$

$107,080$

Total liabilities

$146,800$

$195,080$

Common stock, $$100$ par share

$175,600$

$100,000$

Retained earnings

$100,000$

$50,000$

Reserve fund

$13,300$

$93,020$

Total equity

$288,900$

$243,020$

Total liabilities and equity

$435,700$

$438,100$