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Assets Liabilities and Owners Equity

A/P	$60,000
LT Debt	100,000
Total Debt	160,000
CS, par	2,000
PIC	50,000
R/E	50,000
Total Equity	$102,000
Total Liabilities and Owners Equity	$262,000

Cash	$1,000
A/R	6,500
Inventory	62,500
Prepaids	12,000
Fixed Assets	250,000
Accum Depreciation	(70,000)
Total Assets	$262,000

Sales	$800,000
COGS	370.000
Gross Profit	430,000
Operating Exp.	-170,000
Depreciation	-10,000
EBIT	250,000
Interest	-10,000
EBT	240,000
Taxes	-80,000
Net Income	$160,000

Prepare a financial analysis of this company (using ratios and your rationale) and comment on its status and performance in the space below. Use another page if you need more room. Explain what the ratios depict about the financial status of the company.