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LMN Corp. provides the following financial data for the year ended December 31, 2023. Balance Sheet as of December 31, 2023 Cash: $280,000 Marketable Securities:
LMN Corp. provides the following financial data for the year ended December 31, 2023.
Balance Sheet as of December 31, 2023
- Cash: $280,000
- Marketable Securities: $150,000
- Accounts Receivable: $470,000
- Inventory: $530,000
- Prepaid Expenses: $80,000
- Property, Plant, and Equipment (Net): $1,900,000
- Total Assets: $3,410,000
Liabilities and Equity
- Accounts Payable: $340,000
- Short-term Loans: $230,000
- Long-term Debt: $1,000,000
- Common Stock: $1,300,000
- Retained Earnings: $540,000
- Total Liabilities and Equity: $3,410,000
Income Statement for the year ended December 31, 2023
- Revenue: $3,500,000
- Cost of Goods Sold: $2,200,000
- Operating Expenses: $900,000
- Interest Expense: $60,000
- Taxes (30%): $102,000
- Net Profit: $238,000
Based on the provided financial data, analyze LMN Corp.'s financial health considering (i) liquidity ratios, (ii) leverage ratios, (iii) profitability ratios, and (iv) efficiency ratios.
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