Q1

Financial statement analysis. The financial statements of Occidental Industries for the year ended December 31, 2019, follow.

a.	Complete the income statement above. Use the preceding financial statements to calculate the financial ratios below. Assume that the industry averages given in the table are applicable for both 2018 and 2019.
b.	Find the operating cash flow.
c.	Analyze Occidental Industries financial condition as it is related to (1) liquidity, (2) activity, (3) debt, (4) profitability, and (5) market. Summarize the companys overall financial condition.
Solution Please show work on how to get the answers because It will still be wrong without the work shown. Thank you.

Occidental Industries Income Statement for the Year Ended December 31, 2019 S 200.000 Subtract 106,000 94.000 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expen Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes 16,000 10,000 1.000 10,000 37,000 Add all S 6,100 4.360 Occidendatal Industries Balance Sheet December 31, 2019 Assets Cash 43,500 Marketable securities 1,000 Accounts receivable 25,000 Inventories 45,500 Total current assets 115,000 Land 26,000 Buildings and equipment 120,000 Less: Accumulated depreciation 38.000 Net fixed assets 108,000 Total assets 223.000 S Liabilities and Stockholders' Equity Accounts payable Notes payable Total current liabilities Long-term debt Common stocka Retained earnings Total liabilities and stockholders' equity 22.000 90.000 112.000 22,950 61,500 26,550 223,000 S The firm's 3,000) outstanding shares of common stock closed 2019 at a price of 35 per share SUM AVERAGE MIN 0 MAX 0 COUNTA 7