Question
Complete the following exercise. Fill in the Excel spreadsheet provided via the link at the bottom of the page to provide your answers to parts
Complete the following exercise. Fill in the Excel spreadsheet provided via the link at the bottom of the page to provide your answers to parts a and b. Then paste the Excel data into a Word document on which you can also write the answer to part c.
Administrative Expenses | $ 70,000 |
Finished Goods Inventory January 1, 20X3 | $120,000 |
Cost of Goods Manufactured during the year | $200,000 |
Finished Goods Inventory December 31, 20X3 | $ 60,000 |
Selling Expenses | $ 40,000 |
Sales | $680,000 |
Required:
Using the information for Superior Manufacturing Company, prepare the income statement for the year ended December 31, 20X3. (Assume a 30% income tax.)
Provide at least three performance ratios regarding Superior Manufacturing Company, and comment on the company's performance.
Create a report between 200 and 300 words in length for leadership. The topic is the state of this company. Where do you see a problem regarding the company? Make some suggestions if there are areas you feel need to be further investigated.
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