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Subject 1 (60%) The following information is provided for the financial statement of the company Gold Logistics' (figures are in euro): Balance Sheet Gold Logistics
Subject 1 (60%) The following information is provided for the financial statement of the company Gold Logistics' (figures are in euro): Balance Sheet Gold Logistics as at December 31, 202X ASSETS Cash & cash equivalents ? Trade and other accounts receivable ? Inventory 12,000 Current Assets ? Land, plant & equipment 15,000 Intangible assets ? Long-term investments ? Noncurrent Assets ? Total Assets ? LIABILITIES & STOCKHOLDERS' EQUITY Short term liabilities ? Current Liabilities ? Long-term debt ? Noncurrent Liabilities ? Total Liabilities ? Common stock 26,000 Current period's retained earnings ? Stockholders' Equity ? Total Liabilities and Stockholders' Equity ? Income statement "Gold Logistics" as at December 31, 202X Total revenue (Net sales) ? (.) Cost of sales ? Gross profit 65,000 - SGAs ? Earnings before interest & taxes (EBIT) ? (+) Interest income 2,000 (-) Interest expense 0 Pretax income ? - Taxes ? Net income ? Also, the following information is provided for the company Gold Logistics at the end of the accounting period (figures are in euro): 'Land, plant & equipment are 3 times greater in value to Intangible assets' current ratio = 5 current liabilities / stockholders' equity = 0.15 opening inventory = 10,000 cash ratio = 0.5 net purchases = 52,000 Long-term investments are 2 times greater in value to 'Intangible assets' quick ratio = 3 beginning retained earnings = 0 Using the information that there is no taxation and dividends' decision: a. Calculate the missing values in question marks (with available data & ratios) and fill the above balance sheet and income statement (45%) b. Calculate Altman's Z score for the private company Gold Logistics (15%)
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