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NOP Ltd. has the following financial data for the fiscal year ended June 30, 2023. Balance Sheet as of June 30, 2023 Cash: $290,000 Accounts
NOP Ltd. has the following financial data for the fiscal year ended June 30, 2023.
Balance Sheet as of June 30, 2023
- Cash: $290,000
- Accounts Receivable: $450,000
- Inventory: $520,000
- Prepaid Expenses: $70,000
- Property, Plant, and Equipment (Net): $1,900,000
- Total Assets: $3,230,000
Liabilities and Equity
- Accounts Payable: $310,000
- Short-term Debt: $240,000
- Long-term Debt: $950,000
- Common Stock: $1,300,000
- Retained Earnings: $430,000
- Total Liabilities and Equity: $3,230,000
Income Statement for the year ended June 30, 2023
- Sales: $3,200,000
- Cost of Goods Sold: $1,900,000
- Operating Expenses: $800,000
- Interest Expense: $70,000
- Taxes (28%): $116,000
- Net Income: $314,000
Analyze NOP Ltd.'s financial performance based on (i) liquidity ratios, (ii) solvency ratios, (iii) profitability ratios, and (iv) efficiency ratios.
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