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MNO Inc. presents the following financial statements for the year ended March 31, 2023. Balance Sheet as of March 31, 2023 Cash: $280,000 Marketable Securities:
MNO Inc. presents the following financial statements for the year ended March 31, 2023.
Balance Sheet as of March 31, 2023
- Cash: $280,000
- Marketable Securities: $180,000
- Accounts Receivable: $420,000
- Inventory: $530,000
- Prepaid Expenses: $90,000
- Property, Plant, and Equipment (Net): $1,700,000
- Total Assets: $3,200,000
Liabilities and Equity
- Accounts Payable: $300,000
- Notes Payable: $250,000
- Long-term Debt: $900,000
- Common Stock: $1,300,000
- Retained Earnings: $450,000
- Total Liabilities and Equity: $3,200,000
Income Statement for the year ended March 31, 2023
- Revenue: $3,200,000
- Cost of Goods Sold: $2,000,000
- Operating Expenses: $800,000
- Interest Expense: $70,000
- Taxes (25%): $82,500
- Net Profit: $247,500
Analyze MNO Inc.'s financial health considering (i) liquidity ratios, (ii) leverage ratios, (iii) profitability ratios, and (iv) efficiency ratios.
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