Suppose you are interested in evaluating ABC company's financial performance during 2019 and 2020. Use the information provided on the excel sheet to answer the following questions. 1. Prepare the company's Balance sheet and Income Statement during 2019 and 2020. (3 marks) 2. Prepare the company's cash flow statement for the year 2020. (2 marks) 3. Calculate the financial ratios for the company in 2019 and 2020. (2 marks) Note: Purchases were %70 of the cost of goods sold in both years. Care i. tary Mary Merwe C Op Sul ROA HOE 4. Analyze the company's overall financial situation from a time series viewpoint. (2 marks) 5. Compile the Proforma Income statement for the year 2020 using percent of sales method. (1 mark) Suppose you are interested in evaluating ABC company's financial performance during 2019 and 2020. Use the information provided on the excel sheet to answer the following questions. 1. Prepare the company's Balance sheet and Income Statement during 2019 and 2020. (3 marks) 2. Prepare the company's cash flow statement for the year 2020. (2 marks) 3. Calculate the financial ratios for the company in 2019 and 2020. (2 marks) Note: Purchases were %70 of the cost of goods sold in both years. 3. Calculate the financial ratios for the company in 2019 and 2020. (2 marks) Note: Purchases were %70 of the cost of goods sold in both years. 2019 2020 Financial Ratios Current ratio Quick ratio Inventory turnover Average age of inventory Average collection period Average payment period Asse turnover Bebt ratio Debt te equity ratio Times interest earned ratio Gross profit margin Operating profit margin Net profit margin RO ROE 4. Analyze the company's overall financial situation from a time series viewpoint. (2 marks) 5. Compile the Pro forma Income statement for the year 2020 using percent of sales method. (1 mark) Y....... , . A. .... 1. ... V... : . ..... Y...... 19 Information for the year 2019 Marketable Securities Accounts Receivable Inventory Number of shares outstanding Other current assets Propert, Plant and equipment Machinery Furniture Vehicles Paid in capital in excess of par value Par value of stock Notes payable Accounts payable Long term loan Short term loan Dividends 14.4..... Cash Accumulated depreciation Sales V...... Depreciation expense Selling expense Cost of goods sold Research and development expense General and administrative expense Interest expense 11...... Tax rate Utilities expense Beginning balance of retained earnings ,, Information for the year 2020 Marketable Securities 1. Accounts Receivable Inventory Number of shares outstanding Other current assets Propert, Plant and equipment Machinery Furniture Vehicles Paid in capital in excess of par value Par value of stock Notes payable Accounts payable Long term loan Short term loan Dividends Cash Accumulated depreciation Sales Depreciation expense Selling expense Cost of goods sold 1.. Research and development expense General and administrative expense . Interest expense Tax rate Utilities expense Beginning balance of retained earnings Y...... 10... 17..... YO..... 1
