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Table Format: Item Amount Total assets $180,000,000 Total liabilities $120,000,000 Total equity $60,000,000 Net income for the year $9,000,000 Cash and cash equivalents $20,000,000 Accounts

Table Format:

Item

Amount

Total assets

$180,000,000

Total liabilities

$120,000,000

Total equity

$60,000,000

Net income for the year

$9,000,000

Cash and cash equivalents

$20,000,000

Accounts receivable

$30,000,000

Inventory

$40,000,000

Property, plant, and equipment

$70,000,000

Long-term debt

$50,000,000

Accounts payable

$35,000,000

Accrued expenses

$10,000,000

Revenue for the year

$300,000,000

Cost of goods sold

$120,000,000

Operating expenses

$80,000,000

Income tax expense

$12,000,000

Conduct a financial analysis of XYZ Corporation based on the provided data and identify key areas of concern or strength.

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