$($Multi$-$step Income Statement,

for the year ended December $31,2023)($ amount in $$000)$

Titles

Xerox Corporation

Net sales

$$68500$

Cost of goods sold

$$28600$

Gross Profit

$$49900$

Administrative expenses:

$$12000$

Marketing expenses:

$$8000$

Total operating expenses

$$20000$

Operating profit

$$19900$

$(+)$ Non$-$operating revenue $($interest$)$

$($$$1000)$

Income before tax

$$18900$

$(-)$ Tax @ $35\%$

$$6965$

Net income

$$11935$

QUESTION $5$

Analyze the financial performance of Xerox corporation based on profitability ratio, liquidity ratio, activity ratio, and debt$-$equity ratio.

Financial Statements of Robinson corporation and Xerox Corporation are $($Classified Balance Sheet of Xerox Corporations Itd, December $31,2023)$

$($amount in $$000)$

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Assets:

Xerox Corporation

Cash

$45000$

Marketable securities

$18000$

Merchandise inventory

$25100$

Accounts receivable

$20000$

Total current assets

$108100$

Total Fixed assets

$330000$

Total assets

$438100$

Liabilities and equity:

Accounts Payable

$32000$

Other liabilities

$56000$

Total Current liabilities

$88000$

Total Long$-$term liabilities

$107080$

Total liabilities

$195080$

Common stock, $$100$ par share

$100,000$

Retained earnings

$50000$

Reserve fund

$93020$

Total equity

$243,020$ QUESTION $5$

Analyze the financial performance of Xerox corporation based on profitability ratio, liquidity ratio, activity ratio, and debt$-$equity ratio.

Financial Statements of Robinson corporation and Xerox Corporation are as