Financial Statement Analysis Excel Problem Follow the directions on each tab to prepare the information necessary on Orange Universe. 5 16 7 ORANGE UNIVERSE Comparative Balance Sheet - June 30, 2022 and 2023 2023 2022 10 12 Assets Current Assets: Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets Property, Plant, and Equipment Total Assets 15 $ 155,000 $ 124,000 675,000 645,000 230,000 212,000 63,000 62,000 189,000 184,000 1,312,000 1,227,000 875,000 832,000 $ 2,187,000 $2,059,000 19 20 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Instructions Horizontal Analysis Vertical Analysis $ 265,000 $ 641,000 251,750 725,523 Ratios $ 265,000 $ 641,000 906,000 251,750 725,523 977,273 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Total Current Liabilities Long-term Liabilities Bonds Payable Mortgage Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock, $i par, 225,000 shares issued and outstanding Paid-In Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 250,000 150,000 400,000 1,306,000 150,000 175,000 325,000 1,302,273 225,000 225,000 58,000 58,000 581,000 474,727 864,000 757,727 $ 2,170,000 $ 2,060,000 000 1,306,000 1,302,273 Total Liabilities Stockholders' Equity Common Stock, $1 par, 225,000 shares issued and outstanding Paid-In Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 225,000 225,000 58,000 58,000 581,000 474,727 864,000 757,727 $ 2,170,000 $2,060,000 ORANGE UNIVERSE Income Statement Year Ended June 30, 2023 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Income Before Income Taxes Income Tax Expense Net Income $ 2,800,000 1,551,600 1,248,400 450,540 797,860 (15,000) 782,860 153,529 629,331 $ Instructions Horizontal Analysis Vertical Analysis Ratios 75% of net sales are on account. b. Market price of stock is $36 per share on June 30, 2023. Annual dividend for 2023 was $1.50 per share. d. All short-term investments are cash equivalents. equirements Perform a horizontal analysis on the balance sheet for 2022 and 2023 Perform a vertical analysis on the income statement. Compute the following ratios: Working Capital Current Ratio Acid-Test (Quick) Ratio Cash Ratio Accounts Receivable Turnover Days' Sales in Receivables Inventory Turnover 8 ma j. k. 1. Inventory Turnover Days' Sales in Inventory Gross Profit Percentage Debt Ratio Debt to Equity Ratio Times-Interest-Earned Ratio Profit Margin Ratio Rate of Return on Total Assets Asset Turnover Ratio Rate of Return on Common Stockholders' Equity Earnings per Share (EPS) Price/Earnings Ratio Dividend Yield Dividend Payout ORANGE UNIVERSE Comparative Balance Sheet June 30, 2022 and 2023 Increase (Decrease) Amount Percentag 2023 2022 Assets Current Assets: Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets Property, Plant, and Equipment Total Assets $ 155,000 $ 124,000 675,000 645,000 230,000 212,000 63,000 62,000 189,000 184,000 1,312,000 1,227,000 875,000 832,000 $ 2,187,000 $ 2,059,000 Liabilities $ Current Liabilities: Accounts Payable Accrued Liabilities Total Current Liabilities 265,000 $ 641,000 906,000 251,750 725,523 977,273 Ratios Vertical Analysis ructions Horizontal Analysis $ 265,000 $ 641,000 906,000 251,750 725,523 977,273 Liabilities 22 Current Liabilities: Accounts Payable 24 Accrued Liabilities 25 Total Current Liabilities 26 Long-term Liabilities 27 Bonds Payable 28 Mortgage Payable 29 Total Long-term Liabilities 30 Total Liabilities Stockholders' Equity 32 Common Stock, $1 par, 225,000 shares issued and outstanding 33 Paid-in Capital in Excess of Par 34 Retained Earnings 35 Total Stockholders' Equity 36 Total Liabilities and Stockholders' Equity 250,000 150,000 400,000 1,306,000 150,000 175,000 325,000 1,302,273 225,000 225,000 58,000 58,000 581,000 474,727 864,000 757,727 2,170,000 $2,060,000 $ 37 38 39 40 41 tey boxes below. ORANGE UNIVERSE Income Statement Year Ended June 30, 2023 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Income Before Income Taxes Income Tax Expense Net Income $ 2,800,000 1,551,600 1,248,400 450,540 797,860 (15,000) 782,860 153,529 $ 629,331 B D Compute the following ratios in the grey cells: 2023 2022 Working Capital Current Ratio Acid-Test (Quick) Ratio Cash Ratio Accounts Receivable Turnover Days' Sales in Receivables Inventory Turnover Days' Sales in Inventory Gross Profit Percentage Debt Ratio Debt to Equity Ratio Times-Interest-Earned Ratio Profit Margin Ratio Rate of Return on Total Assets Asset Turnover Ratio Rate of Return on Common Stockholders Equity Earnings per Share (EPS) Price/Earnings Ratio Dividend Yield Dividend Payout Instructions