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Hello chegg team i done first two questions but i need a 3rd and 4th answer Sunland Inc. Income Statement For the year ended April
Hello chegg team i done first two questions but i need a 3rd and 4th answer
Sunland Inc. Income Statement For the year ended April 30, 2017 Sales Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Gain on sale of equipment Income before income tax Income tax expense Net income 1,115,000 685,000 430,000 223,000 207,000 4,200 3,500 206,300 19,610 186,690 ADDITIONAL INFORMATION: Depreciation expense is included in "operating expenses." All accounts payable transactions were related to the purchase of inventory During the year, a piece of equipment that originally cost $53,200 was sold for cash. The equipment was 70% depreciated at the time of the sale. Long-term investments were purchased for cash during the year Required: 1. Prepare a statement of cash flows, in good form, for Sunland Corporation, using the direct 2. Prepare a statement of cash flows, in good form, for Sunland Corporation, using the indirect 3. Compute All of the Liquidity, Efficiency and Profitability ratios for Sunland and indicate for 4. An investor is interested in investing $500,000 in Sunland. As his accountant, prepare a method. method each ratio whether the ratio is favorable or not for Sunland. short memo to the investor regarding the advisability of investing in Sunland. Use the results from your ratio analysis to support your opinionStep by Step Solution
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