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please solve asap Problem 2 Prepare a full financial statement analysis for fiscal year 2019 and 2020 using below. Please show all calculations. Provide breif
please solve asap
Problem 2 Prepare a full financial statement analysis for fiscal year 2019 and 2020 using below. Please show all calculations. Provide breif comments on on year-over-year performance using below and each calculated. Limit each comment to maximum 30 words Financial Statements (Actual and Pro-Forma) for the Exceptional Scratching Inc. Exceptional Scratching Inc. Statement of Financial Position as a December 31 2021 2020 Asset Cash $ 20.000 $ 34,000 $ 20,000 Accounts Receivable 300.000 220,000 150,000 Inventory 450,000 350.000 300,000 770,000 604.000 470,000 Fixed Assets - net 1.500.000 1.000.000 800,000 2270.000 1,604.000 1 270,000 Liabilities and Shareholders' Equity Current Liabilities 579,000 $ 474,000 $ 250,000 Long-term debt 991.000 430,000 1.570,000 904.000 250,000 Shareholders' Equity Ordinary Stock 300.000 300,000 300.000 Retained Earnings 400.000 400.000 720,000 700.000 700.000 1.020.000 2270.000 $ 1.604.000 $ 1.270.000 Exceptional Scratching Inc Statement of Operations for the year ended December 31 2019 2020 250,000 $ 140.000 200,000 120.000 110,000 55,000 12.000 80.000 40.000 10.000 Sales Cost of Goods Sold Gross Margin Operating Expense Depreciation Expense Operating Income Interest Expense Net Income before taxes Income taxes Net Income 43,000 6.000 37.000 6.000 30.000 5,000 25,000 5.200 31.000 19.800 Problem 2 Prepare a full financial statement analysis for fiscal year 2019 and 2020 using below. Please show all calculations. Provide breif comments on on year-over-year performance using below and each calculated. Limit each comment to maximum 30 words Financial Statements (Actual and Pro-Forma) for the Exceptional Scratching Inc. Exceptional Scratching Inc. Statement of Financial Position as a December 31 2021 2020 Asset Cash $ 20.000 $ 34,000 $ 20,000 Accounts Receivable 300.000 220,000 150,000 Inventory 450,000 350.000 300,000 770,000 604.000 470,000 Fixed Assets - net 1.500.000 1.000.000 800,000 2270.000 1,604.000 1 270,000 Liabilities and Shareholders' Equity Current Liabilities 579,000 $ 474,000 $ 250,000 Long-term debt 991.000 430,000 1.570,000 904.000 250,000 Shareholders' Equity Ordinary Stock 300.000 300,000 300.000 Retained Earnings 400.000 400.000 720,000 700.000 700.000 1.020.000 2270.000 $ 1.604.000 $ 1.270.000 Exceptional Scratching Inc Statement of Operations for the year ended December 31 2019 2020 250,000 $ 140.000 200,000 120.000 110,000 55,000 12.000 80.000 40.000 10.000 Sales Cost of Goods Sold Gross Margin Operating Expense Depreciation Expense Operating Income Interest Expense Net Income before taxes Income taxes Net Income 43,000 6.000 37.000 6.000 30.000 5,000 25,000 5.200 31.000 19.800 Step by Step Solution
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