22. 
    

    • Company XYZ prepares its financial statements for the quarter ended September 30th, 20XX.
    • The income statement shows total revenues of $900,000 and total expenses of $700,000, resulting in net income of $200,000.
    • The balance sheet indicates total assets of $3,500,000, total liabilities of $1,200,000, and total stockholders' equity of $2,300,000.
    • Additionally, the statement of cash flows reports operating cash flows of $400,000, investing cash flows of $(200,000), and financing cash flows of $(100,000).

23. Requirements:

    • Calculate the operating income and net income for the quarter.
    • Assess the solvency position by computing the debt-to-equity ratio.
    • Analyze the cash flow adequacy by reviewing the cash flow from operations.
    • Interpret the financial performance and cash flow management of Company XYZ.