Question
Here are the financial statements for two companies; All data is in $ and correct units except where specified(*). XYZ Income Statement ABC Income Statement
Here are the financial statements for two companies;
All data is in $ and correct units except where specified(*).
XYZ Income StatementABC Income Statement
Sales Revenue344, 000768,900
Cost ofGoods Sold100,000199,000
Expenses203,000400,000
Net Income41,000169,000
Dividends(total)13,00028,000
*#Shares Outstanding 28,00097,000
XYZ Balance SheetABC Balance Sheet
Assets
Accounts Receivable88,000368,000
Inventory48,000121,000
Total Current Assets438,0001,213,900
Long Term Assets1,345,0003,780,000
Total Assets1,783,0004,993,900
Liabilities
Current Liabilities12,40047,000
Long Term Debt795,0002,550,000
Total Debt807,4002,597,000
Owners Equity975,6002,396,900
Analyze and compare the financial performance of the two companies in details.
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
