1. Omega Construction Ltd.

Scenario: Financial Reporting Analysis

Financial Statement Details:

• Income Statement:
  • Net Sales: $3,000,000
  • Cost of Goods Sold: $1,800,000
  • Operating Expenses: $700,000

• Balance Sheet:
  • Total Assets: $7,000,000
  • Total Liabilities: $3,000,000
  • Shareholders' Equity: $4,000,000

Requirements:

• Analyze Omega Construction Ltd.'s financial performance using ratio analysis. Calculate profitability, liquidity, and solvency ratios and present them in a comparative table format.