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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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